Luno Revolutionizes Investing: Tokenized Global Stocks Arrive in Nigeria
Luno, a prominent cryptocurrency exchange, has expanded its services to Nigeria, offering a tokenized global stock service. This launch signifies a significant development for Nigerian investors seeking access to international markets. The platform enables everyday Nigerians to invest in shares of major global companies like Apple, Tesla, Nvidia, and Microsoft with unprecedented ease. This innovative approach aims to simplify and democratize access to global financial opportunities within the Nigerian market.
Breaking Down Barriers to Global Investment
Previously, investing in international stocks presented considerable hurdles for Nigerians. These included the requirement of foreign bank accounts, costly currency conversions, and the inconvenience of trading during US market hours. Luno’s tokenized stock service directly addresses these issues. Nigerians can now purchase shares directly in Naira, eliminating the need for complex financial maneuvers. This launch in Nigeria follows a successful deployment in South Africa, solidifying Luno’s position as a pioneering, Africa-founded exchange. The service also eliminates minimum investment barriers. Individuals can now invest in fractional shares, starting with as little as ₦100, making global stock ownership attainable for a wider range of Nigerians.
Luno’s tokenised offering promises to be a game-changer for the African investment landscape.
This accessible entry point encourages new investors, paving the way for a more inclusive financial future.
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