Key facts
- Luno introduced over 60 tokenized US stocks in South Africa.
- The platform has acquired over 50,000 customers for this service in under a year.
- The initiative signifies a growing trend in the tokenization of real-world assets.
Luno has launched a new service in South Africa, offering over 60 tokenized versions of US stocks. This initiative has seen significant uptake, with the platform attracting more than 50,000 customers within its first year of operation. Christo de Wit of Luno noted that the service has crossed the 50,000 customer mark since its launch last year, with particular interest from the younger generation. The move indicates a growing trend towards the tokenization of real-world assets and suggests increasing institutional readiness and retail interest in these digital instruments.