After drawing more than 10,000 users in just one month of its South African pilot, Luno is bringing tokenised global stocks to Nigeria, unlocking access to companies like Apple and Tesla in local currency.
This pilot, launched in August 2025, enables access to over 60 global stocks, and Luno is now set to extend these services to Nigeria.
For Nigerian investors, this means a chance to diversify portfolios with international stocks like Apple, Tesla, and Amazon directly through Luno’s app.
What is Luno’s SA Pilot?
Luno, regulated by South Africa’s Financial Sector Conduct Authority (FSCA), introduced tokenised US-listed stocks to South African investors in August 2025.
Within the first month, over 10,000 South Africans purchased tokenised shares, reflecting strong demand for accessible global investments.
The pilot allows fractional share investments in over 60 stocks and ETFs, including the S&P 500, starting as low as R20 (₦2,000).
Luno’s General Manager for Africa, Marius Reitz, noted the platform’s expansion from 44 to 59 stocks due to positive user feedback.
With plans to roll out in Nigeria by Q4 2025, Luno is leveraging its 14 million global users, including a significant Nigerian base, to democratise wealth-building.
Why This Matters for Nigerians
1. Unprecedented Global Access
Nigerians can soon invest in blue-chip companies on major exchanges like the NYSE and NASDAQ, bypassing traditional barriers like high fees and foreign exchange restrictions. Luno’s tokenised stocks enable investments as low as $1, making global markets accessible to retail investors.
2. Portfolio Diversification
With Nigeria’s inflation projected at 25% in 2025 and ongoing naira volatility, global stocks offer a hedge against local economic risks. Exposure to stable economies through companies like Microsoft or NVIDIA can enhance long-term returns.
3. User-Friendly Platform
Luno integrates stock trading into its existing crypto wallet, providing a seamless experience. Nigerians can fund accounts in naira via local payment methods, avoiding costly currency conversions.
4. Trusted and Regulated
The South African pilot’s success, backed by FSCA regulation and partnerships with Kraken’s xStocks and Backed Finance, ensures security and compliance. While Nigeria’s SEC is still developing crypto and stock trading regulations, Luno’s global standards offer reassurance.
READ ALSO:What Happens When Crypto Exchanges Start Offering Tesla Shares?
How Nigerians Can Get Started
- Join Luno: Download the Luno app from the Google Play Store or Apple App Store and complete KYC verification.
- Fund Your Account: Deposit naira using bank transfers, cards, or mobile money, supported by local gateways.
- Explore Stocks: Await the Nigeria rollout (expected Q4 2025) to access 60+ stocks, including tech giants (Alphabet, NVIDIA), consumer brands (Coca-Cola), and ETFs (S&P 500).
- Invest Fractionally: Start with small amounts to build a diversified portfolio, leveraging Luno’s fractional share model.
- Track and Learn: Use Luno’s in-app tools for performance tracking and educational resources tailored for beginners.
Benefits of Luno’s Stock Trading for Nigerians
- Affordable Entry: Fractional shares lower the barrier to owning high-value stocks.
- Naira-Based Funding: Eliminates forex complexities, making investing cost-effective.
- Proven Success: Over 10,000 South Africans joined the pilot in its first month, signalling strong market trust.
- 24/7 Trading: Tokenised stocks allow trading anytime, unlike traditional exchanges.
As Luno gears up for a Q4 2025 Nigeria rollout, Nigerians can prepare to tap into over 60 global stocks, from Apple to the S&P 500, with as little as $1.
This opportunity promises to reshape wealth-building for Nigeria’s tech-savvy population. Download the Luno app now and get ready to invest in the future!
Disclaimer: Investing involves risks. Conduct thorough research and consult financial advisors before making decisions.
Ronnie Paul is a seasoned writer and analyst with a prolific portfolio of over 1,000 published articles, specialising in fintech, cryptocurrency, and digital finance at Africa Digest News.
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