南非FNB银行新增比特币、XRP和Solana交易

FNB officially launched a crypto asset investment service, allowing customers to trade five major currencies in the bank application.

The First National Bank of South Africa (FNB) officially launched the "FNB Crypto Asset Investment" service on October 6. The service allows customers to buy, sell and hold five crypto assets: Bitcoin, Ether, XRP, Solana and Tether (USDT) in their existing stock trading accounts. This innovative initiative is supported by the underlying trading infrastructure provided by the exchange VALR in Johannesburg.

As a retail business unit of FirstRand Banking Group, FNB has nearly 9 million retail customers, making it by far the largest retail base in South Africa to open up to crypto transactions. The service threshold is extremely low, with a minimum order amount of 10 rand, and the market is open for trading around the clock.

Core Features and Operation Methods

Customers can access the product through the FNB application, including the Share Saver, Share Builder, Share Investor and Share Zero account categories. FNB does not build a separate crypto wallet, nor does it direct users to external exchanges through recommendation links. For clients who already hold shares listed on the Johannesburg Stock Exchange (JSE) through the bank, positions in crypto assets will be displayed directly next to the shares, and purchased funds will be deducted directly from the balance of the same rand.

Supported trading pairs on launch:

• Bitcoin (BTC)
• Ethereum (ETH)
• XRP
• Solana (SOL)
• Tether (USDT)

可用功能：

• ✓ 全天候任意时间买入和卖出
• ✓ 起投金额低至 10 兰特
• ✓ 从兰特余额资助购买
• ✓ 在同一界面持有加密资产与上市股票

受限功能：

• ✗ 无法存入外部钱包的代币
• ✗ 无法提取至自我托管钱包
• ✗ 无法向他人发送 USDT
• ✗ 无法在其他平台上使用这些代币

封闭机制背后的合规考量

该服务采取了严格的封闭策略：客户既不能从外部钱包转入代币，也不能将购买的代币转移至自我托管地址。FNB 表示，此举旨在保障安全，并基于对反洗钱（AML）及外汇管制规则的保守解读。

其背后的机制涉及南非的资本管制体系。一旦代币被发送至私人钱包，便可能在几分钟内离开该国，从而绕过适用于兰特跨境流动的申报渠道。每一笔此类转账都要求银行根据反洗钱和外汇管制义务说明资金去向。将所有代币保留在内部账本上，彻底消除了这一合规风险。

This means that customers gain price exposure and trading power, but cannot use these assets on the blockchain. This is particularly important for USDT: Customers can use dollar-linked tokens as a tool to hedge the rand, but cannot send them to others or use them on other platforms.

VALR's regulatory qualifications are key to cooperation.

VALR was established in 2018 and is headquartered in Johannesburg. It claims to serve more than 1.6 million users and approximately 1,800 corporate and institutional clients. Its investors include well-known institutions such as Pantera Capital and Coinbase Ventures. For banks, regulatory status is more important than size. VALR holds a financial service provider license issued by the Financial Conduct Authority of South Africa (FSCA) and is registered as a responsible agency with the Financial Intelligence Centre (FIC).

South Africa classifies crypto assets as financial products. As of the end of March 2026, the Reserve Bank of South Africa recorded 310 licensed crypto asset service providers. This licensing system allows lenders to treat exchanges as regulated counterparties.

Market Data and Industry Background

数据显示，比特币占据了南非兰特购买加密资产的 74%。FNB 提供的资产列表紧跟这一市场趋势。据行业和储备银行相关估算，南非持有加密资产的人数在 600 万至 800 万之间。较高的数字来自储备银行的一项盘点，显示自 2022 年初以来，加密交易账户数量几乎翻倍。2024 年底，储备银行指出，三大本地平台持有的资产总值为 253 亿兰特，而 2023 年初这一数字不到 100 亿兰特。

Chainalysis 发现，在其数据集中，比特币约占兰特购买加密资产的 74%。相比之下，XRP 和以太坊在南非市场的占比高于可比市场，这可能表明当地用户群体更侧重于投资而非支付。FNB 的五种资产包含了这三者。

从区域角度来看，撒哈拉以南非洲地区在 2024 年 7 月至 2025 年 6 月期间接收了超过 2050 亿美元的链上价值，同比增长约 52%。南非在该地区排名第二，仅次于尼日利亚（后者高达 921 亿美元）。这些数据出自 Chainalysis 2025 年的区域研究报告。

稳定币凭借其交易量跻身榜单。储备银行记录显示，截至 2026 年 4 月 30 日的一年内，三家国内交易所的 USDT 交易量接近 270 亿兰特。

竞争对手的先发优势

在 FNB 之前，Absa、Discovery Bank 和 Nedbank 已签署了加密合作伙伴关系：

• 2025 年 10 月 - Absa + Ripple： 专注于机构业务，为机构客户提供托管服务，该服务已于 2026 年 9 月正式上线，这是 Ripple 在非洲的首个主要托管合作伙伴。
• 2025 年 11 月 - Discovery Bank + Luno： 面向零售业务，成为首家在银行应用内提供加密交易的南非银行。到 2026 年 5 月，其客户无需离开 Discovery 应用即可开设 Luno 账户。
• 2026 年 3 月 - Nedbank + Crypto.com： 聚焦支付领域，双方正在建立兰特与 USDC 之间的兑换，以及针对跨境贸易和汇款的区块链结算服务，包括每日净额结算。

未来展望与监管动态

对于本地交易所而言，主要影响在于新进入者不再需要单独注册账户。希望获得比特币敞口的客户现在可以直接从持有其工资和股票的银行获取。VALR 通过 FNB 获得了这部分订单流，而没有银行合作伙伴的竞争对手则错失了这一机会。

Whether wallet restrictions will persist depends on the rules that are still in the draft stage. South Africa's Ministry of Finance and the Reserve Bank released a draft of the Crypto Asset Manual in August, covering how cross-border crypto transactions can be incorporated into the foreign exchange control framework. The Reserve Bank emphasized that the framework does not make crypto assets legal tender. The comment period ended on September 30 and the final version has not yet been released. FNB has hinted that it will not remain closed indefinitely: Sebastian Pillay, head of equity investment at FNB's wealth and investments department, said this week that banks plan to add more cryptocurrencies and enable transfer capabilities.

In addition, VALR's role goes beyond retail transactions. Since September 2025, it has been one of three distributors in Africa of Ripple's U.S. dollar stablecoin RLUSD. In June 2026, Ripple further expanded its influence in Africa with strategic investment payments company Flutterwave, which plans to integrate its network with RLUSD and XRP Ledger infrastructure.