Luno has expanded its range of digital assets in Malaysia with the addition of two new cryptocurrencies, Algorand (ALGO) and NEAR Protocol (NEAR).
This development marks the first batch of digital assets approved by the Securities Commission Malaysia (SC) in 2025, both for Luno and the country.
With these additions, Luno now offers 20 digital assets on its platform, providing Malaysian investors with broader access to the cryptocurrency ecosystem and more opportunities for portfolio diversification.
Algorand is a blockchain platform that supports fast, low-cost transactions and is designed for scalability and security.
It focuses on environmental sustainability and aims to enable a borderless digital economy through decentralised applications.
NEAR Protocol is also a scalable blockchain that offers high throughput and low transaction costs, with tools intended to make decentralised app development more accessible.
It places emphasis on decentralisation and sustainability.
“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,”
said Scarlett Chai, Luno’s country manager for Malaysia.
In the coming weeks, Luno plans to expand its Staking feature to include NEAR, allowing customers to earn up to 7% per annum in passive rewards, which are distributed daily.
This follows the earlier introduction of staking for Polkadot.
“Our recent staking launch of Polkadot and the upcoming NEAR Protocol reaffirm 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.
Luno remains the only regulated digital asset exchange in Malaysia to offer staking services, currently available for Ethereum, Solana, Cardano, and Polkadot, with NEAR soon to join the list.
The company applies a stringent screening process before listing any new asset, assessing each based on technical, regulatory, and legal factors.
It also encourages investors to conduct their own research and exercise sound judgement.
To support this, Luno provides free access to its educational platform, Luno Discover, which aims to guide users in making informed investment decisions.
Featured image credit: edited from freepik
