The Chief Investment Officer of Faida Unit Trust Funds, Ian Kahangara, has shared why investment schemes in the country have, for the longest time, refrained from offering crypto investment opportunities.

Faida Unit Trust Funds is an umbrella with 4 regulated collective investment schemes that includes:

  • Oak Money Market Fund

  • Oak Fixed Income Fund

  • Oak Multi-Asset Special Fund KES

  • Oak Multi-Asset Special Fund USD

The Oak Fund, managed by Faida Investment Bank, is a smaller player than the top 10 schemes overall. Faida Unit Trust Funds reported approximately KES 19.42 billion in assets in June 2026, placing it around 15th among schemes in Kenya.

 

When asked why the fund is not investing in cryptocurrencies on behalf of its over 9,500 clients, Kahangara, who is tasked with where funds are are deployed to make a return for clients, said:

“We are at the tail end of regulations by the Capital Markets Authority of Kenya in terms of adopting virtual assets. Remember, we are a regulated entity. You cannot have a regulated entity trading in unregulated products.

That is black and white in terms of the directives we have been given by the Capital Markets Authority.”

 

REGULATION | Chief of Staff and Head of Public Service, Kenya, Receives VASP Regulations Briefing Ahead of November 2026 Compliance Deadline

 

According to Kahangara. the space is exciting but the fund has to look at other aspects including consistency and volatility.

“When people leave us with their money – hard-earned money, their livelihoods, their pensions – they can sleep easily and wake up knowing that we will still be there and advocating for their money.”

 

INSTITUTIONAL | ‘Our Crypto Custody Asset Service is Going to Evolve into Other Services,’ Reveals ABSA Bank Kenya Director

 

Oak Fund is a Kenyan investment fund managed by Faida Investment Bank Limited. It gives investors access to local and international financial markets, with the aim of generating returns through a diversified portfolio. It is approved by Kenya’s Capital Markets Authority (CMA).

The Oak Fund is an umbrella brand for different investment products, including

  • a money market fund,

  • a fixed-income fund, and

  • a higher-risk multi-asset special fund.

The risks, minimum investment, and potential returns depend on which product you choose.

 

 

REGULATION | ‘We Have Not Licensed Any VASPs Under the [VASP] Act to Operate In or From Kenya,’ Says Central Bank and Capital Markets Regulator

 

 

 

 

Stay tuned to BitKE for crypto regulatory updates across Africa.

Join our WhatsApp channel here.

Follow us on X for the latest posts and updates

Join and interact with our Telegram community

_________

#ETF