Lume is a Solana‑based mobile app that lets users trade tokenized U.S. equities, perpetual contracts and commodities with up to 50× leverage, all settled in seconds and available 24/7. Users fund their accounts with USDC from any wallet, and the platform provides self‑custodial, on‑chain exposure to assets like the S&P 500, gold and major stocks, eliminating traditional broker friction.
Funding
Funding not disclosed
Founders
Product
Problem
Investors in emerging markets often lack affordable, fast access to U.S. equities and other global assets, facing high barriers such as lengthy account opening processes, custodial restrictions, and limited trading hours.
Solution
Lume provides a mobile-first fintech platform that tokenizes U.S. stocks, perpetual contracts, gold, and oil on the Solana blockchain. Users fund their accounts with USDC (or soon via card and bank on‑ramps) and receive self‑custodial tokens that are fully backed 1:1 by the underlying securities held in licensed Swiss custody. Trades settle in under a second on Solana, enabling 24/7 market access and leverage of up to 50× on selected assets. The app eliminates traditional broker paperwork and regulatory onboarding, allowing anyone with an internet‑connected phone to open an account and start trading within minutes.
Target Audience
Primary customers are retail investors in regions with limited access to U.S. markets, such as Africa and Asia, as well as crypto‑savvy traders seeking fast, leveraged exposure to global equities and commodities.
Features
- Tokenized U.S. equities (xStocks) that track real shares 1:1, backed by licensed Swiss custody
- Perpetual contracts on BTC, ETH, S&P 500, gold, oil, and other assets with up to 50× leverage
- Instant settlement on Solana blockchain (<1 s) for deposits, swaps, and trades
- Self‑custodial wallet architecture giving users full control of their tokens and keys
- 24/7 trading availability without traditional market hour constraints
- Upcoming fiat on‑ramp via MoonPay for card and bank deposits, eliminating the need for prior crypto holdings