by Luno, one of Africa’s leading crypto exchanges, has launched an innovative service that will transform how Nigerians invest in global markets. The company now offers tokenised stock trading in Nigeria for the first time. This new feature allows everyday Nigerians to buy shares in over 60 of the world’s top companies — including Apple, Tesla, Nvidia, and Microsoft — directly using the Nigerian Naira. No need for complicated offshore broker accounts, currency conversion, or waiting for US market hours.
This launch is a game-changer for both crypto users and non-crypto investors. It opens doors to global investing for millions in Nigeria who, until now, have faced barriers such as high fees, foreign exchange headaches, and limited access. With Luno’s tokenised stock trading, users can hold real shares through digital tokens, a first for the country.
What is Tokenised Stock Trading?
Tokenised stock trading involves buying digital tokens linked to real shares in global companies. Rather than purchasing stocks through traditional exchanges and brokers overseas, Luno allows you to trade these tokens on its platform. Each token represents a fraction or a full share of the actual stock held securely by custodians.
This method blends the benefits of blockchain technology with traditional stock ownership. The result? Faster settlements, easier access, and the ability to trade 24/5 — much more convenient than conventional stock markets.
How Luno’s Tokenised Stocks Work
Luno’s tokenised global stocks are fully backed. Each token is tied directly to an underlying share held by trusted international partners. These custodians include Kraken’s xStocks and Backed Finance, leaders in compliant and secure asset custody.
This setup guarantees that tokens reflect ownership of real-world assets. Investors get transparency and security, knowing that the tokens are not just digital representations but are legally linked to actual shares. This gives Nigerians confidence when trading on the Luno platform.
Investing Made Accessible to All
A key advantage of Luno’s offering is flexibility. Users can buy full shares or fractions of shares. Fractional investing makes it affordable for those with smaller budgets to participate. For example, owning even a tiny fraction of Apple or Tesla is now possible.
This democratization means more Nigerians can build diversified portfolios and start wealth-building early. You don’t need deep pockets or complex paperwork. Just the Luno app and a desire to invest.
Related:
Instant Settlements and Extended Trading Hours
Luno makes transactions simple and efficient. Settlements on stock trades happen instantly. This means that when you buy or sell, your funds and assets are updated immediately, unlike traditional markets, which can take days.
Luno also stands out by enabling trading 24 hours a day, five days a week. This extended window is ideal for Nigerians balancing work and life across time zones. Luno plans to go further and offer round-the-clock trading, including weekends, breaking barriers posed by rigid US market schedules.
All of this innovation lives inside the familiar Luno app. Users can now seamlessly manage their crypto holdings and tokenised stocks on one platform. This unified experience streamlines asset management and provides investors with a comprehensive view of their portfolios. The app’s robust security protocols safeguard user funds and identities, making it a trustworthy option for both beginners and seasoned investors.
Why Tokenised Stock Trading Is a Big Deal for Nigeria
Before Luno’s launch, buying shares in global companies was complex for most Nigerians. High costs, currency conversions, offshore account requirements, and unfamiliar regulations created serious hurdles.
Now, Nigerians can invest in companies they know and admire daily. Apple powers its iPhones. Tesla represents innovation in mobility. Nvidia fuels gaming and AI. Microsoft underpins its digital work and entertainment. These are brands that are deeply embedded in everyday life.
Luno’s tokenised stock trading offers the first realistic chance to join these companies’ shareholder ranks without leaving home or incurring significant costs. It could significantly boost financial inclusion and create new paths to wealth.
For many Nigerians, this marks a milestone opportunity — owning pieces of the world’s leading companies directly in Naira, all within one secure platform. As Luno continues to develop the service, the future of investing in Nigeria looks more accessible and exciting than ever.
