Africa Crypto Announcement Weekly Recap: Discovery Teams Up with Luno, Obiex Achieves Profits in Nigeria, GFX and Libeara to Drive Bond Tokenization in Ghana

This week in Africa’s crypto asset headlines, Discovery Bank has formed a strategic alliance with the crypto exchange Luno, enabling users to trade directly from their banking app.

In Nigeria, the trading platform startup Obiex has reportedly achieved profitability following a period of bootstrapping and restructuring to better target high-volume retail customers.

Simultaneously, in Ghana, the brokerage firm GFX is collaborating with the Singapore-based tokenization platform Libeara to facilitate the tokenization of government bonds.

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Let’s review these stories that are making waves across the continent this week:

South Africa Crypto News: Discovery Bank Joins Forces with Luno

Discovery Bank is poised to become the first significant lender in South Africa to allow its customers to trade crypto asset directly through its banking app.

The bank will collaborate with the crypto exchange Luno, enabling Luno users to engage in crypto trading directly on their app starting in December.

CEO Hylton Kallner remarked that the financial landscape is rapidly changing and that several of the top cryptos to buy have reached maturity. Therefore, they ought to be available to the general public.

“The financial sector is evolving quickly, and crypto assets have reached a level of maturity that positions them as an accessible, mainstream asset class….Our clients – and South Africans in general – are already participating in this trading market, with 1 in 10 individuals holding crypto assets, and our regulatory environment is leading the region by aligning with global standards.”

The digital bank began operations in 2021 and has recently entered a phase of profitability. Welcoming crypto customers fits into Discovery’s strategy, and the bank anticipates this will be mutually advantageous for both sides.

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Nigeria Crypto News: Obiex Achieves Profitability Post Bootstrapping

The crypto trading platform Obiex has allegedly crossed into profitability after focusing its efforts on bootstrapping and refining its strategy toward high-volume retail clients.

CEO Ikechukwu Okeke asserted that the startup has been “profitable since inception, continuously reinvesting its earnings back into the enterprise.”

Less than 7% of the global population owns crypto. Let that sink in for a second. You’re literally in a group smaller than the percentage of people who are left-handed. That means you’re genuinely early to something potentially transformative. pic.twitter.com/A3vRG4e1yC

— ObiexHQ – Buy & Sell Crypto (@ObiexHQ) November 7, 2025

Remarkably, the trading network declares that its swap volumes have surpassed $800M in 2025, with total transaction volumes in the billions.

Obiex has made significant strides to reach this point. 

Navigating the Nigerian landscape poses challenges, with evolving regulations and the imperative to consistently demonstrate reliability in a sector saturated with untrustworthy startups.

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Ghana Crypto News: GFX Teams Up with Libeara for Government Bond Tokenization

The Ghanaian brokerage GFX is partnering with Libeara, a tokenization platform, to shift government-issued financial securities onto the blockchain.

Notably, Libeara is based in Singapore, and the announcement was made at this week’s Singapore FinTech Festival.

@libeara_ is partnering with Ghana-based brokerage firm GFX to explore the tokenisation of government-issued financial instruments using our regulated tokenisation infrastructure — which today supports over US$1B in on-chain real-world assets. pic.twitter.com/M8XRmB6FtZ

— Libeara (@libeara_) November 14, 2025

Typically, government bonds are not accessible to most Ghanaians. Due to minimum investment thresholds and a lack of awareness regarding bond offerings, these instruments remain largely unattainable for many investors.

This strategic alliance primarily seeks to represent government bonds as digital tokens, facilitating automated settlement and crypto law. Such initiatives eliminate the bureaucratic hurdles found in traditional banking and broaden access to government instruments for the public, including those who are interested in the next 1000X cryptos.

GFX is gearing up for imminent regulations from Ghana’s Central Bank, which will clarify the existing regulatory framework. These guidelines will be crucial in determining the parameters related to such tokenization efforts.

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The piece Africa Crypto Update Week in Review: Discovery Partners with Luno, Obiex Profits in Nigeria, GFX and Libeara To Power Bond Tokenization in Ghana first appeared on 99Bitcoins.