South Africa’s largest and oldest crypto asset service provider, Luno, has secured a licence from the Financial Services Conduct Authority (FSCA) to operate as a financial services provider.
Luno is the first dedicated crypto asset service provider in South Africa to be awarded its financial services provider licence following the FSCA’s declaration of crypto assets as a financial product in terms of the Financial Advisory and Intermediary Services Act, 2002 (FAIS).
Christo de Wit, Luno’s country manager for South Africa, says, “As a homegrown trailblazer with more than ten years of experience in the crypto market, Luno is thrilled to be the first licensed crypto asset service provider in the country. This is a positive step for both the cryptocurrency industry and South Africans. Compliance, safety and security for our customers have driven our growth since the beginning and will continue to be priorities as we expand our offering to introduce more features and products for financial institutions.”
Also read: Luno Launches Crypto Investment Bundle In South Africa To Track Digital Asset Indices

Africa’s largest crypto investment app Luno, has today launched the Luno Large Cap Bundle, allowing Luno customers to access crypto investment bundles for the first time.
Luno has partnered with CoinDesk Indices, the leading provider of digital asset indices, to provide customers with access to investment bundles that aim to follow CoinDesk’s broad market indices, helping customers to easily manage and maintain different investment strategies. Approximately 70% of global crypto product assets under management track indices provided by CoinDesk Indices. The Luno Large Cap Bundle is the first in a suite of products that follow these indices.
“Investing in crypto can be intimidating as there are over 10,000 cryptocurrencies. Few have the time and specialist knowledge to investigate which coins are likely to succeed and assess the risk of each,” says Christo de Wit, Luno’s South Africa country manager.
“Our customers have been looking for an easy way to invest in crypto for the long term that removes some of the guesswork and effort needed to stay up-to-date with every market movement. The Luno Large Cap bundle is an easy and secure way to do this.” he says.
The bundle offered by Luno is currently only available to South Africa users.