Africa Crypto News Week in Review: Discovery Partners with Luno, Obiex Profits in Nigeria, GFX and Libeara To Power Bond Tokenization in Ghana

In Africa crypto news this week, Discovery Bank partners with crypto exchange Luno. This will allow users to trade directly on their banking app.

In Nigeria, exchange startup Obiex has reportedly entered profitable territory after a bootstrapping and focus restructuring exercise.

Meanwhile, in Ghana, GFX, a brokerage firm, is partnering with the Singaporean tokenization platform Libeara to enable the tokenization of government bonds.

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So, let’s look at these stories making continental headlines this week:

South Africa Crypto News: Discovery Bank Partners with Luno

Discovery Bank is set to become the first major lender in South Africa to enable its users to trade cryptocurrency directly from its banking app.

The bank will partner with cryptocurrency exchange Luno, ensuring that Luno users can trade crypto directly on their mobile app starting from December.

Discovery CEO Hylton Kallner noted that the financial world is evolving fast and that some of the best cryptos to buy have matured. As such, they should be accessible to the mainstream.

“The financial world is evolving fast, and crypto assets have matured to become an accessible, mainstream asset class….Our clients – and South Africans more generally – are already engaged in this market, with 1 in 10 people holding crypto assets, and our regulation leading in the region and aligning with global norms.”

The digital lender launched in 2021 and has only recently moved into profitable territory. Onboarding crypto users aligns with Discovery’s strategy, and the bank hopes it will be a mutually beneficial arrangement for both parties.

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Nigeria Crypto News: Obiex Hits Profitability after Bootstrapping

Crypto exchange Obiex has reportedly hit profitability after bootstrapping and restructuring to focus on high-volume retail customers.

CEO Ikechukwu Okeke claimed that the startup has been “profitable from day one and has consistently reinvested its earnings back into the business.”

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

Interestingly, the exchange claims that swap volumes have crossed the $800M mark in 2025, with total processed transaction volumes in the billions.

Obiex has done great to get this far.

Navigating the Nigerian market, which has an evolving regulatory landscape and the need to prove consistently and reliably in a market riddled with unreliable startups.

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Ghana Crypto News: GFX Collaborates With Libeara for Bond Tokenization

Ghanaian brokerage GFX is joining hands with Libeara, a tokenization platform, to move government-issued financial instruments and investments onchain.

Importantly, Libeara operates from Singapore, and the announcement came at the Singapore FinTech Festival this week.

@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

Government bonds are generally out of reach for most Ghanaians. The requirements, ranging from minimum investment thresholds to awareness of bond issues, mean that these instruments are primarily out of reach for most investors.

Notably, this partnership aims to represent government bonds as digital tokens. It will facilitate automated settlement and compliance. Such ideas cut the bureaucratic bottlenecks of traditional banking and open government instruments to the general public, some of whom are holders of the next 1000X cryptos.

GFX is preparing for new regulations by Ghana’s Central Bank, which will bring further clarity to the regulatory landscape. These regulations will be crucial in understanding the rules relating to such tokenization.

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