Luno Adds Tokenised Commodities, Yield Instruments and DeFi Infrastructure to OTC Desk
Luno's institutional OTC desk now offers eight new instruments, including tokenised commodity ETFs, a Bitcoin income preferred stock, tokenised SpaceX equity, and the Hyperliquid (HYPE) token, all accessible through a single execution point.
Luno has expanded its institutional OTC desk with eight new tokenised instruments designed to give qualified clients access to real-world assets, yield strategies, and decentralised finance infrastructure. The offering includes five tokenised commodity ETFs, a Bitcoin income preferred stock, tokenised SpaceX equity, and direct exposure to the Hyperliquid protocol token (HYPE). All instruments are executable through a single OTC desk built for institutional position sizes.
The move comes as the tokenised real-world asset market reached $33.91 billion in 2025, representing 70% year-on-year growth, with major asset managers deepening tokenisation infrastructure. Luno's OTC desk leverages Kraken xStocks technology, which has processed over $25 billion in transaction volume since launching in June 2025.
The five tokenised commodity ETFs target macro hedging and energy transition themes: SLVx (iShares Silver Trust) for inflation hedging and industrial demand; PPLTx (abrdn Physical Platinum ETF) and PALLx (abrdn Physical Palladium ETF) for industrial and automotive sector exposure; COPXx (Global X Copper Miners ETF) for electrification infrastructure; and URAx (Global X Uranium ETF) for the nuclear energy reopening trade.
STRCx provides Bitcoin income exposure via Strategy Inc. preferred stock, which pays an 11.5% annual yield distributed semi-monthly, at a fraction of Bitcoin's historical price volatility. SPCXx offers tokenised equity in SpaceX, bypassing traditional private equity lock-ups and minimum commitments. HYPE, the native token of Hyperliquid—the dominant on-chain perpetuals exchange with over $180 billion in 30-day volume as of April 2026—has no venture capital unlock overhang, with its economics tied directly to exchange fee revenue.
The Luno OTC Desk handles bespoke execution, custody, and settlement for institutional clients, high-net-worth individuals, and family offices. The service is not available to retail clients.
Source: Luno