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Updated 18 July 2025 at 10:54 IST The rapid pace of cryptocurrency adoption has a significant impact on our daily lives. While in 2010, paying for two pizzas with bitcoins was a meme within the geek community, today you can use digital coins in online stores like Gucci, Balenciaga, and Shopify, as well as deposit
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Updated 18 July 2025 at 10:54 IST The rapid pace of cryptocurrency adoption has a significant impact on our daily lives. While in 2010, paying for two pizzas with bitcoins was a meme within the geek community, today you can use digital coins in online stores like Gucci, Balenciaga, and Shopify, as well as deposit Read More
From early August, Luno, a cryptocurrency and digital investment platform, will allow its users in South Africa to invest in tokenised stocks and exchange-traded funds (ETFs), making global equities like Apple and Alphabet accessible for as little as R20 ($1.13). The move positions Luno as a multi-asset investment platform and marks what it says is
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From early August, Luno, a cryptocurrency and digital investment platform, will allow its users in South Africa to invest in tokenised stocks and exchange-traded funds (ETFs), making global equities like Apple and Alphabet accessible for as little as R20 ($1.13). The move positions Luno as a multi-asset investment platform and marks what it says is a first-of-its-kind offering in South Africa’s fast-evolving financial landscape.
Tokenised stocks are digital representations of real shares, backed 1:1 by actual securities. By enabling access via rands, Luno is removing longstanding barriers such as currency conversion costs, high fees, and trading-hour restrictions for retail investors in emerging markets.
“Until now, access to global financial markets has been locked behind red tape and legacy systems,” said Christo de Wit, Luno’s country manager for South Africa. “With tokenised stocks, we are offering South African investors easy access to global investments any time of the day or night.”
The platform will support over 60 U.S. companies and market indices, including Apple, Alphabet, NVIDIA, and the S&P 500. These tokenised products are made available through partnerships with infrastructure providers like Kraken’s xStocks and Backed Finance, which Luno says will ensure regulatory compliance, secure custody, and alignment with global financial standards.
How Luno tokenised stocks work
Customers can start investing with as little as R20 ($1.13), even in companies like Apple and Google. Instead of paying nearly R4,000 ($226) for a full Apple share, they can buy just a piece. These tokens are digital versions of real stocks, and customers trade them through blockchain.
“This represents a fundamental shift in how we think about investing,” explained de Wit. “We are not just digitising old processes, we are reimagining what is possible when you combine improved technology with investor needs.”
Launched in 2013, Luno has grown to become one of Africa’s leading crypto exchanges, but now it’s adding tokenised stocks and ETFs. South Africa remains one of the continent’s most active crypto markets. Over 5 million South Africans are estimated to own crypto, with digital asset ownership expected to grow by nearly 8% annually through 2031.
Luno competes with platforms like VALR, Binance, AltcoinTrader, and wealthtech apps like EasyEquities and Satrix that focus mainly on traditional stocks and ETFs.
Still, the expansion into tokenised equities could bring Luno under closer scrutiny. As digital tokens backed by real-world financial instruments, these offerings may fall within capital market regulations, including investor protection and transparency requirements. South Africa’s Financial Sector Conduct Authority (FSCA) is already in the process of licencing crypto asset providers and building a clearer framework for digital securities.
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Sakhile DubeAssociate Reporter
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News MESSY WEEKEND Appleby Horse Fair cleanup begins as burnt-out van, huge mounds of rubbish & discarded tents pile up in field Aerial shots of the campsite showed mounds of rubbish scattered across the field Sam Creed , General News Reporter Published: 11:31, 9 Jun 2025 Updated: 15:02, 9 Jun 2025 Sam Creed , General
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MESSY WEEKEND
Appleby Horse Fair cleanup begins as burnt-out van, huge mounds of rubbish & discarded tents pile up in field
Aerial shots of the campsite showed mounds of rubbish scattered across the field
Sam Creed, General News Reporter
Sam Creed, General News Reporter
A HUGE clean-up operation has been launched in the aftermath of the popular Appleby Horse Fair.
Tents, burnt-out caravans and sofas were left behind by thousands of travellers who attended the six-day event in Appleby-in-Westmorland,Cumbria.
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Burnt-out vans were left behind by travellers following the eventCredit: LNP
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Horse-drawn carts and caravans left behind huge trails in the mudCredit: LNP
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Leftover food and drink could be seen scattered around the fieldCredit: LNP
Aerial shots of the campsite showed muddy trails across the fields, which were lined with mounds of rubbish.
Stacks of discarded food and drinks could also be seen scattered around the area in the historic market town.
Grazing horses were pictured surrounded by toppled portable loos and cardboard boxes following the visitors’ departure.
Police tape and fences surrounded one burnt-out caravan on the campsite.
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It comes after a fire broke out at the 340-year-old event on Saturday afternoon.
Shocking footage on social media showed smoke billowing into the sky as fire crews tackled the blaze.
Many attendees were forced to cover their faces with jumpers and coats to avoid inhaling the toxic smoke.
Stall holders then continued to dismantle their tents and tables next to the fire as it was slowly brought under control.
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During this time, police officers also formed a barricade in order to protect groups of people from getting close to the fire.
Cumbria Police confirmed that the cause of the fire was not being treated as suspicious.
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Black bags and rubbish lined the muddy trails around the siteCredit: PA
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It comes after a fire broke out at the 340-year-old event on Saturday afternoonCredit: LNP
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It is estimated that 10,000 gypsies and travellers attend the annual eventCredit: LNP
The fair’s Multi Agency Strategic Coordinating Group (MASCG), which includes local police, confirmed that some 80 people were arrested at the fair this year.
The number is marginally higher than the 74 recorded last year.
A total of 123 arrests were made this year under the Appleby Horse Fair policing operation, including those made in the weeks building up to the event.
Gold Commander for Appleby Horse Fair, Detective Superintendent Dan St Quintin, said: “My officers have once again been on the front-foot and proactive in their efforts to make this event as safe as we can.
“The results of their efforts – and the goodwill of the vast majority of people in all communities – is fewer crimes recorded and a fair which has seen zero incidents of significant disorder or violent incidents.
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Grazing horses were pictured surrounded by cardboard boxesCredit: LNP
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Overturned portable toilets were among the rubbish left behind this morningCredit: LNP
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The 340-year-old fair typically features traditional music and market stallsCredit: LNP
“I would like to thank all communities for this, whilst also paying tribute to my officers for their outstanding work in recent days and weeks, during challenging circumstances, including the extremely wet weather we saw on Saturday.”
It is estimatedthat 10,000 gypsies and travellers, as well as 30,000 other visitors, attend the fair each year.
The 340-year-old fair typically features traditional music, dancing, horse riding, market stalls and horse sales.
Horsemen and women have been seen riding their horses in the nearby River Eden as part of a long-held tradition.
Market stalls are also propped up across the tiny town – home to around just 3,200 people – selling a variety of traditional traveller goods and horse-related products.
Hundreds of campervans and horse-drawn carriages descend upon the rural town for the annual event.
RSPCA officers are also present, looking out for the welfare of the hundreds of horses that are exercised, bought and sold.
In 2020, it was cancelled due to the Covid pandemic, but huge crowds have returned to the event in recent years.
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Hundreds of campervans descend upon the rural town for the eventCredit: NNP
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Families normally come from miles away to attend the 340-year-old fairCredit: NNP
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Travellers ride horses in the nearby River Eden as part of a long-held traditionCredit: LNP
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Horse racing
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Travellers
Cumbria
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