Luno, the UK-headquartered crypto platform active across four African markets, has taken a significant stride in financial inclusion by rolling out tokenised U.S. stocks and ETFs in Nigeria—just a month after its South African debut. Nigerian users can now invest in any of the 60 tokenised U.S. equities, including top names and popular ETFs, for as little as ₦100 (around $0.07).
This opportunity is made possible through partnerships with Kraken’s xStocks and Backed Finance, ensuring each digital token is backed 1:1 by actual shares held in regulated custody—offering both convenience and transparency. Luno Nigeria, currently awaiting its provisional crypto license from the SEC, has affirmed its compliance with Nigeria’s updated Investment and Securities Act (2025), which classifies tokenised digital assets as securities.
By enabling Nigerians to buy fractional U.S. equities from pocket change, Luno positions itself as a pioneer in accessible global investing. The move follows its earlier introduction of a crypto staking product, further signaling its ambition to build a digital wealth ecosystem that spans crypto, stocks, ETFs, and more.
While the platform enters a space already served by traditional fintech apps like Bamboo, Chaka, Rise, and Trove, Luno differentiates itself through blockchain-based custody, round-the-clock trading, instant settlement, and the ability to transfer tokens to private wallets—features not commonly found in legacy services.
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