Nigerians Can Now Trade Tokenized Global Stocks via Luno

How will it feel like snapping up a slice of Apple’s innovation empire or Tesla’s electric dreams without leaving your Lagos living room—all paid for in Naira. That’s no longer fantasy. Luno, Africa’s trailblazing crypto exchange, has unveiled tokenized global stocks in Nigeria, a seismic shift that breaks down barriers long keeping everyday investors from the world’s biggest markets.As the first Africa-founded platform to deliver such access, Luno isn’t just trading tokens; it’s giving Nigerians the keys to global prosperity, one fractional share at a time. At its core, the service converts traditional stocks into blockchain-based digital tokens—replicas backed by actual shares held in custody by partners like Kraken’s xStocks and Backed Finance. Users can buy into over 60 global companies and ETFs: think Nvidia fueling the AI boom or Microsoft shaping our digital world.The best part? No more struggling with dollar conversions amid forex shortages or navigating offshore brokerage red tape. Everything runs in Naira, inside the same Luno app where many already manage crypto.

Skeptics may ask: Is this just another crypto gimmick? Not quite. These tokens are fully backed, regulated, and tied to real assets. Investors can hedge crypto gains with stock stability or vice versa, building resilience into their portfolios. As Nigeria pushes a digital economy agenda under President Tinubu, Luno’s move aligns perfectly—empowering women, youth, and the underinvested to join the wealth creation game.

Looking forward, this launch hints at a broader Web3 wave across Africa. Tokenized real estate, commodities, and more may soon follow, allowing the continent to leapfrog outdated systems much like it did with mobile money.For now, the message is clear: Nigerians aren’t just spectators in global markets anymore—they’re players. With Luno, they can invest in the world’s biggest companies using the currency in their pockets. It’s not just innovation; it’s a game-changer for financial freedom on the continent.

This launch couldn’t come at a better moment for Nigeria’s 220 million people. Despite a strong 74% financial inclusion rate, fewer than 5% invest in capital markets. High entry costs, volatile naira-to-dollar rates, and complexity have kept many sidelined. Luno flips the script with fractional ownership: invest as little as ₦1,000, enjoy instant settlement without T+2 delays, and trade 24/5—with full 24/7 access coming soon.The model already shows promise. In South Africa, Luno’s July rollout attracted 10,000 investors in one month. Nigerians—with their entrepreneurial drive and tech-savvy youth—are likely to outpace that. Ayotunde Alabi, Luno Nigeria’s CEO, captures the vision: “Global markets have always been an exclusive club, but technology now allows us to break down those walls.”

Founded in 2013, Luno has long simplified crypto for millions across Africa. Now, it’s extending that ethos to equities, blending stock exposure with crypto’s borderless appeal. For Nigeria’s economy—struggling with inflation near 30% and an underperforming local stock exchange—this could be transformative. Tokenized assets diversify portfolios beyond homegrown giants like Dangote or MTN, opening doors to Silicon Valley growth engines.The diaspora also stands to benefit. Millions of Nigerians abroad send remittances; tokenized assets could streamline wealth-building, allowing seamless cross-border transfers and investments with fewer fees. And by using blockchain, Luno ensures transparency and reduces fraud risks common in emerging markets