Sanlam Partners with Luno, EasyEquities, and Lesaka to Launch Rand-Backed ZARU Stablecoin

Reuters
Feb 05
Sanlam Partners with Luno, EasyEquities, and Lesaka to Launch Rand-Backed ZARU Stablecoin

Sanlam Ltd. has entered into a partnership with Luno, EasyEquities, and Lesaka to launch ZARU, a Rand-backed stablecoin. The collaboration combines Sanlam’s asset management expertise, Luno’s digital asset platform, EasyEquities’ investment services, and Lesaka’s payments infrastructure. ZARU is fully backed by high-quality Rand-denominated assets managed by Sanlam Specialised Asset Management and banked by Standard Bank, with monthly reserve audits by Moore Johannesburg. Initially available to institutional investors via Luno and EasyEquities, ZARU aims to provide faster, cheaper payments and money transfers, supporting financial inclusion and innovation in South Africa’s digital economy.

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