Luno Malaysia adds Algorand and NEAR Protocol to its digital asset offerings
The launch is also the first batch of digital assets approved by the Securities Commission Malaysia this year for both Luno and the country. The two new coins bring Luno's digital asset offerings in Malaysia to 20. The widened
offering enables investors to explore more of the crypto ecosystem and diversify their portfolios safely and securely.
Algorand is an eco-friendly blockchain enabling fast, low-cost transactions and scalable, secure decentralised applications (dApps), aiming for a sustainable, borderless digital economy while NEAR Protocol is a fast, scalable blockchain with low-cost transactions, high throughput, and user-friendly tools for dApp development, focused on decentralisation and sustainability.
Luno country manager for Malaysia, Scarlett Chai, said, 'In 2024, Luno led the approval of seven digital assets with the Securities Commission Malaysia. We aim to double that this year, starting with these two digital assets. The team is actively engaging the regulator to launch new digital assets expeditiously/'
She said the addition of two new digital assets expands the platform's total assets to 20, while the recent milestone of surpassing one million customers reinforces Luno's position as Malaysia's leading regulated digital asset exchange.
In addition to the launch of ALGO and NEAR, Luno is broadening its Staking feature to include NEAR in the coming weeks. NEAR Staking would allow customers to earn up to 7% per annum in passive rewards, which are earned daily.
'Our recent staking launch of Polkadot and the upcoming NEAR Protocol rearm Luno's commitment to growing Malaysia's digital asset landscape by not only making digital asset investments a safe and accessible option, but also being innovative by enabling our customers to grow their holdings,' said Chai.
Today, Luno is the country's only regulated digital asset exchange, providing customers with staking services for Ethereum, Solana, Cardano, Polkadot and, soon, NEAR Protocol.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
2 days ago
- The Sun
Kemaman man loses RM82k in tourism investment scam
CHUKAI: A civil servant here has lost RM82,196 after falling victim to a tourism investment scam syndicate. Kemaman police chief, Supt Mohd Razi Rosli, said the 41-year-old man became involved in the scheme after being introduced to it by a female acquaintance from Indonesia via WhatsApp. He said the victim, enticed by promises of high returns, made 10 transactions totalling RM82,196 into three different bank accounts between July 10 and 27. 'The victim lodged a police report yesterday evening after failing to receive any returns from the so-called investment,' he said in a statement today. In response, he advised the public to verify any investment-related company with Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) before proceeding. - Bernama
Malay Mail
4 days ago
- Malay Mail
SC's next capital market roadmap to power up green investments, align with 13MP, NETR
KUALA LUMPUR, July 28 — The Securities Commission Malaysia's (SC) upcoming Capital Market Masterplan 4 (CMP4) will align with current national priorities, including the 13th Malaysia Plan, the National Energy Transition Roadmap (NETR) and other government economic initiatives. SC chairman Datuk Mohammad Faiz Azmi said this will give momentum to capital mobilisation for transition, adaptation and climate resilience financing. 'We hope to increase the amount of green investments to support our energy transition and to help prepare for a hotter future,' he said in his welcoming address at the Eco-Business Conference 2025 today. Mohammad Faiz had previously highlighted that this year, the SC will begin the process of shaping views and insights over the long term, including vision and objectives, in developing CMP4, which succeeds CMP3 (2021-2025). At the same event, he said the National Sustainability Reporting Framework (NSRF) was launched in September 2024 to ensure consistent and comparable sustainability reporting by corporate Malaysia and to align with the IFRS Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB). 'Our efforts have already earned Malaysia international recognition by the IFRS Foundation for being one of the first adopters of the ISSB standards in Asean. 'This year marks the first phase of NSRF implementation involving large Main Market issuers above RM2 billion in market capitalisation — some 130 companies — and we will see the fruits of their work next year when the annual reports are finalised for 2025,' he added. — Bernama
New Straits Times
4 days ago
- New Straits Times
SC upcoming capital market roadmap to align with 13th Malaysia Plan, NETR
KUALA LUMPUR: The Securities Commission Malaysia's (SC) upcoming Capital Market Masterplan 4 (CMP4) will align with current national priorities, including the 13th Malaysia Plan, the National Energy Transition Roadmap (NETR) and other government economic initiatives. SC chairman Datuk Mohammad Faiz Azmi said this will give momentum to capital mobilisation for transition, adaptation and climate resilience financing. "We hope to increase the amount of green investments to support our energy transition and to help prepare for a hotter future," he said in his welcoming address at the Eco-Business Conference 2025 today. Mohammad Faiz had previously highlighted that this year, the SC will begin the process of shaping views and insights over the long term, including vision and objectives, in developing CMP4, which succeeds CMP3 (2021–2025). At the same event, he said the National Sustainability Reporting Framework (NSRF) was launched in September 2024 to ensure consistent and comparable sustainability reporting by corporate Malaysia and to align with the IFRS Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB). "Our efforts have already earned Malaysia international recognition by the IFRS Foundation for being one of the first adopters of the ISSB standards in Asean. "This year marks the first phase of NSRF implementation involving large Main Market issuers above RM2 billion in market capitalisation – some 130 companies – and we will see the fruits of their work next year when the annual reports are finalised for 2025," he added. — BERNAMA
