Kenya Launches Crypto Token as Adoption Soars With $500 Million Monthly Transactions

Edward M Francis
Jul 14
2 min read

Updated: Jul 19

Kenya Embraces Crypto

Kenyans transact $500 million in Crypto every month
Kenya launches Kenya Digital Token [KTD] as crypto adoption soars

Kenya Launches Digital Token as Crypto Adoption Soars

Kenya has officially entered the token economy. On July 11, 2025, the government launched the Kenyan Digital Token (KDT), signaling a major shift toward digital asset adoption.

Kenya Digital Token, Next Leap into the Digital Economy

Cabinet Secretary for Information, Communications and the Digital Economy, William Kabogo, welcomed the launch of KDT during a national event.

He called the move a "decisive step" toward embedding tokenisation into Kenya’s financial system.

Kenya Digital Token [KDT] is built on Solana blockchain technology. It’s designed to be fast, scalable, and low-cost, aligning with the government's vision of increased bandwidth and reduced latency.

Kabogo emphasized that digital tokens like KDT will help empower Kenyans, boost financial inclusion, and create new opportunities for participation in the global economy.

“Digital assets are the future of finance, and Kenya cannot afford to be left behind,”

Kabogo said.

A Booming Crypto Market in Kenya

Kenya ranks 28th globally and 4th in Africa in cryptocurrency usage, according to recent data. Kenyans currently trade over KSh 64.6 billion ($500 million) in digital assets every month.

Bitcoin, stablecoins, and blockchain-based solutions have been widely adopted across the country. Kenya Digital Token [KDT] will now join this fast-growing digital landscape. These developments mark Kenya as one of Africa’s most crypto-forward nations.

National Policy on Virtual Assets in Progress

Alongside the Kenya digital token launch, Kenya is preparing a National Policy on Virtual Assets and a Virtual Asset Service Providers (VASP) Draft Bill.

This legislation aims to strike a balance between innovation, inclusion, and public safety. The government is working closely with stakeholders and crypto innovators to develop fair and future-proof regulations.

IMF Recommends Balanced Oversight

The International Monetary Fund (IMF) has also weighed in. It recommends that Kenya’s crypto policies align with global frameworks such as the IMF/World Bank Bali Fintech Agenda.

The IMF suggests strong supervisory frameworks, risk-based regulation, and cross-agency cooperation for effective oversight of the digital asset market. Kenya has to adhere with these institutions because of heavy debt and increased borrowing.

Kenya is not just embracing crypto, it’s shaping it amid growing crypto adoption in the world.

As CS Kabogo noted on X:

"Our approach remains measured: supporting innovation and financial inclusion while prioritizing public safety and sound regulation."

Conclusion

With KDT now live, Kenya may become a regional leader in the token-driven economy of the future. In Africa kenya has made a major move since most African countries are reluctant to spearhead crypto policies and adoption i general.

For users, it's the start of a new path which shows the relevance of emerging technologies. Equally, a country facing mass unemployment, Crypto acceptance gives young people a chance to make a living.

Therefore, it's hope for all investors that more friendly policies emerge giving a chance for people to adopt, trade and hold various crypto assets not only KTD token.