Africa Crypto News Weekly Recap: Altvest Secures $210M to Acquire BTC, Luno Introduces Tokenized Stocks in Nigeria, Binance Collaborates with Zapper

This week in African digital currency updates: South African financial entity Altvest Capital plans to raise $210 million to establish a Bitcoin reserve treasury for its clients. Altvest aims to align with global trends, inspired by MicroStrategy and MetaPlanet, by incorporating BTC into its financial portfolio.

In a related development, Binance has teamed up with the payment service Zapper to enhance merchant payment solutions in South Africa. Binance, a prominent crypto asset exchange, sees expanding its footprint in Africa as essential. Starting this week, over 30,000 additional merchants have begun accepting Binance Pay via Zapper’s platform.

On another front, Luno Trading protocol has broadened its tokenized stock offerings to the Nigerian market. With Nasdaq aiming to integrate stocks on-chain, Luno is strategically focused on meeting consumer buyer interest by enabling them to invest conveniently in leading global companies with just a click.

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Let’s explore the stories making waves across the continent this week:

South Africa Crypto News: Altvest Aims to Raise $210M for Bitcoin

The financial firm Altvest Capital is prepared to secure $210 million for acquiring Bitcoin ▼-0.11%. The firm aims to establish a BTC treasury reserve to leverage the increasingly valuable asset in its financial strategy.

BTC has surged significantly in value over the last decade and is currently trading above $112,000. Altvest plans to rebrand as African Bitcoin Corp, aspiring to be a leading authority in Bitcoin investments across the continent. 

According to CEO Warren Wheatley, this initiative is strategic because “pension funds, retirement annuities, unit trusts, and similar entities typically cannot directly invest in Bitcoin…but by acquiring our shares, they can now gain regulated access through equities.”

In the United States, MicroStrategy was the first prominent company to establish a BTC treasury, managing a billion-dollar Bitcoin portfolio today.

Altvest Capital aspires to replicate this level of success regionally as Bitcoin continues to become a staple in mainstream finance. 

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Nigeria Crypto News: Luno Extends Tokenized Stocks to Nigeria

South African cryptocurrency trading network Luno has broadly launched its tokenized stock options in the Nigerian crypto market. Having introduced its products in South Africa just weeks ago, Luno has now expanded into the continent’s most populated country.

Their tokenized stocks mirror some of the most prominent global stocks, including Tesla, Nvidia, and other blue-chip stocks that are renowned in equity markets. 

61 US stocks and ETFs are now available on Luno in Nigeria

The wait has ended. You can now purchase, sell, and long-term holding tokenised US stocks and ETFs with Luno – right alongside your cryptocurrency.

Invest in leading global companies like Apple, Tesla, and S&P 500

Buy using naira directly – no… pic.twitter.com/yU12nrnzg4

— Luno (@LunoGlobal) September 8, 2025

Luno Nigeria CEO Ayotunde Alabi stated that this initiative fulfills a “real need by providing easy investment access to top global companies, which was previously unattainable due to high costs and complicated processes.”

Ultimately, Luno’s objective is to construct a holistic digital investment framework that fosters financial inclusion and empowers everyday investors. Tokenization will be central to this vision, as it allows “individuals with just a few thousand naira to access global stocks, which was previously not possible.”

Cryptocurrency users can now experience exposure to these stocks in a regulated setting, achieving the best of both realms.

For Luno, this marks an opportunity to establish itself as a crucial connection between traditional finance and the crypto asset landscape. 

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Africa Crypto News: Binance Collaborates With Zapper For Fast Merchant Payments

International exchange Binance is collaborating with Zapper to facilitate merchant payments for around 30,000 users.

This strategic alliance will be enabled through the Binance Pay app, which supports crypto asset transactions for users and payments with partner merchant service providers. 

(Source: Binance)

Zapper has a protocol of local vendors who can now conveniently process transactions through Binance Pay.

𝟮/ 𝗥𝗲𝘁𝗮𝗶𝗹 𝘁𝗼 𝗗𝗶𝗻𝗶𝗻𝗴

With Binance Pay + Zapper, you can purchase groceries, dine out, travel, or even enjoy your morning coffee with digital currency.

This signifies that cryptocurrency is evolving beyond just an investment; it’s becoming a means to fund your lifestyle. pic.twitter.com/2AHmr03rdE

— David (TalkingCents) (@talkcentss) September 11, 2025

Merchant payments present a profitable opportunity in South Africa, a frontrunner in crypto asset transactions across the continent.

Zapper has successfully processed over 300 million transactions to date, and Binance plans to utilize this crypto market intelligence to enhance its payment services in this important sector.

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The post Africa Crypto Update Week in Review:  Altvest Raises $210M To Buy BTC, Luno Tokenized Stocks In Nigeria, Binance Partners With Zapper  appeared first on 99Bitcoins.