Crypto platform Luno has launched tokenized global stocks in Nigeria, making it the first Africa-founded exchange to give local investors direct access to companies like Apple, Tesla, Nvidia, and Microsoft — all in Naira.
Why it matters
Fewer than 5% of Nigerian adults participate in the capital market, despite a financial inclusion rate of 74%. High entry barriers, FX scarcity and complex offshore setups have long blocked access to global investments.
By the numbers
- Over 60 global stocks and ETFs are now available to Nigerians.
- Luno saw 10,000+ investors in South Africa within a month of its July debut.
- Tokenized shares are fully backed by underlying stocks, custodied by partners like Kraken’s xStocks and Backed Finance.
How it works
- Fractional ownership — invest with any amount.
- Instant settlement — no delays in accessing funds.
- 24/5 trading, with plans to expand to 24/7.
- One platform — manage crypto and stocks seamlessly.
What they’re saying
“Global markets have always been an exclusive club, but technology now allows us to break down those walls,” said Ayotunde Alabi, CEO of Luno Nigeria.
The bigger picture
Luno, which built its brand simplifying crypto investing for millions in Africa, is betting tokenized equities can replicate that success. The move could help Nigerians build wealth despite tight FX restrictions and limited domestic market options.
Learn more about other African tech startups on Labari Insights, our data repository for tech in Africa: insights.techlabari.com
