Luno Launches Tokenized Stocks for Nigerian Investors

Luno has introduced tokenized stocks that enable Nigerian users to gain exposure to 60 global stock ETFs directly through the Luno app. This development marks a significant change in how Nigerians can access international investments, which previously required navigating foreign brokerage accounts and complex paperwork.

The tokenized stocks are backed by the underlying shares and are arranged through regulatory custodians in partnership with global brands. Users can invest in well-known companies such as Apple, Amazon, Microsoft, Nvidia, and Tesla, starting with fractional ownership, which eliminates the need to purchase whole shares.

The tokenized stock offering provides 24/5 access, allowing users to invest according to their schedules. This initiative aims to make investing in global brands more accessible and straightforward for Nigerians.