Workflow
Bond Tokenization
icon
Search documents
Africa Crypto News Week in Review: Discovery Partners with Luno, Obiex Profits in Nigeria, GFX and Libeara To Power Bond Tokenization in Ghana
Yahoo Finance· 2025-11-16 10:00
Group 1: South Africa Crypto News - Discovery Bank partners with Luno, becoming the first major lender in South Africa to allow users to trade cryptocurrency directly from its banking app starting in December [2][3] - Discovery CEO Hylton Kallner emphasizes the evolution of the financial world and the maturation of crypto assets, noting that 1 in 10 South Africans hold crypto assets [3] Group 2: Nigeria Crypto News - Obiex, a crypto exchange in Nigeria, has achieved profitability after bootstrapping and restructuring to focus on high-volume retail customers [4] - The exchange reports that swap volumes have exceeded $800 million in 2025, with total processed transaction volumes in the billions [4] Group 3: Ghana Crypto News - GFX, a brokerage firm in Ghana, is collaborating with Libeara, a tokenization platform, to enable the tokenization of government-issued financial instruments and investments [6]
Ondo Global Markets Crosses $300 Million Driving Accumulation Signs
Yahoo Finance· 2025-10-01 11:36
Group 1 - Ondo Global Markets has successfully onboarded over $300 million worth of stocks and ETFs onto the blockchain within one month of its launch, indicating strong accumulation signals despite a generally bearish crypto market in September [1][2][5] - The company has established itself as a leader in bond tokenization, with a fund scale of approximately $1.4 billion, ranking second in the market after Securitize [2][3] - Ondo holds a significant market share with 103 tickers, while Securitize, in second place, has nearly $250 million but only offers a single ticker [3] Group 2 - The rapid achievement of the $300 million milestone is notable, especially as many other players in the Real World Asset (RWA) sector remain focused on credit or treasuries rather than equities [4] - September has been characterized as a bullish month for ONDO in terms of fundamentals, with increasing institutional inflows and a growing range of tokenized equities [5] - Technical analysis suggests that ONDO may be entering a strong accumulation phase, with potential gains projected at up to 70% if a breakout occurs [6][7] Group 3 - Key support levels for ONDO are identified between $0.84 and $0.86, with a potential retest of all-time highs (ATH) around $0.95 to $1.00 [7] - A daily close below $0.84 could invalidate the current accumulation structure, leading to lower price levels between $0.71 and $0.67 [8]