A consortium including Luno, Sanlam Specialised Asset Management, EasyEquities and Lesaka has launched ZAR Universal (ZARU), a blockchain stablecoin pegged 1:1 to the South African rand. The project emphasizes transparency and robust reserve management.
Discovery Bank has partnered with crypto exchange Luno to allow clients to buy, sell and manage digital assets directly inside its mobile banking app, the bank announced on 18 November 2025. The integration makes Discovery the first large South African bank to embed crypto trading into everyday banking.
Discovery Bank will let customers trade cryptocurrencies directly inside its mobile banking app from December through a partnership with Luno. This marks the first time a South African bank integrates exchange services into its retail app.