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Luno tokenizes 60+ US stocks in South Africa

Created at 2 Jun · 10:40 PM1 source↑ Market-relevant
IN SHORT

Luno has launched over 60 tokenized US stocks in South Africa, attracting more than 50,000 customers in less than a year. This move signifies a growing trend in tokenizing real-world assets.

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Key Numbers

60+tokenized US stocks introduced
50,000+customers acquired in under a year

Who's Involved

Luno
Platform introducing tokenized US stocks in South Africa

↳ Why This Matters

The rapid adoption of tokenized US stocks by Luno in South Africa indicates a growing demand for digital access to traditional financial assets and suggests potential for increased institutional interest in tokenized real-world assets.

Key facts

  • Luno introduced over 60 tokenized US stocks in South Africa.
  • The platform attracted over 50,000 customers in under a year.
  • This initiative represents the tokenization of real-world assets.

Luno has expanded its offerings in South Africa by introducing over 60 tokenized US stocks. This initiative has seen significant uptake, with the platform attracting more than 50,000 customers in less than a year since its launch. The move aligns with the broader trend of tokenizing real-world assets, making them more accessible and tradable through digital tokens.

Frequently asked questions

Luno has introduced over 60 tokenized US stocks in South Africa.

Luno has acquired more than 50,000 customers for this service in under a year.

This initiative represents the tokenization of real-world assets.

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Cadence

How It Developed

2 Jun · 10:01 PM
Luno has launched over 60 tokenized US stocks in South Africa, gaining over 50,000 customers in less than a year.
Moneyweb via PiQSuite

Sources

T1
Real-world assets are going digital – are institutions ready?m.piqsuite.com

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