Tokenised stocks launched globally in May this year and are now available to South Africans through Luno, starting with 60+ US stocks and ETFs on the investment platform. This gives both lay and professional investors instant access to some of the largest companies in the world, including Apple, Meta, Alphabet, Amazon, and Tesla.Before the internet, the only way to trade stocks was to place an order with your stockbroker, who gave instructions to traders on a physical trading floor, where deals were struck ...

Bringing stocks, bonds, and just about every other financial asset onchain is inevitable. At least according to Robinhood CEO and co-founder Vlad Tenev. “Tokenisation is like a freight train,” Tenev told a captive audience at this year’s Token2049 crypto confab in Singapore. “It’s going to eat the entire financial system.” During a fireside panel in the Marina Bay Sands convention centre, the 38-year-old entrepreneur unpacked how the $127 billion stock trading app is positioning itself to tap the burgeo ...