# Lume

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Lume is a tokenized stock trading platform that lets users **buy and sell tokenized U.S. stocks**.

Instead of trading traditional shares through a brokerage account, Lume provides **on-chain stock tokens** that track the price movement of real U.S. equities. This means users can trade U.S. stock exposure directly through Lume in a simple, app-like experience.

#### What you can do on Lume

* **Buy U.S. stock exposure** using tokenized stock assets
* **Sell anytime** to exit your position
* **View holdings and performance** like a normal trading app, but built around tokenized stocks

**U.S. equities are the deepest and most liquid capital markets in the world, but direct participation is not globally accessible.**

For many investors outside the U.S., getting exposure to U.S. stocks is blocked or degraded by a mix of:

* **Market access restrictions:** Many jurisdictions don’t have direct routes to U.S. exchanges (NYSE/Nasdaq) through local brokers, or access is limited to “qualified” clients.
* **Brokerage onboarding friction:** Cross-border KYC/AML, proof-of-address, tax forms (like W-8BEN), and bank verification create high drop-off.
* **Custody and settlement constraints:** Traditional equity rails rely on centralized custody and T+ settlement processes that often don’t support seamless cross-border participation.
* **FX and transfer costs:** Converting local currency to USD and wiring funds into a U.S. broker introduces spreads, fees, and delays.
* **Limited product availability:** Even when access exists, investors may face restricted tickers, delayed trading, higher minimums, or limited fractional participation.

Net result: **global investors are structurally under-allocated to U.S. equities**, not by choice, but because access is expensive, slow, and sometimes impossible.

#### How Lume Solves It

Lume provides **tokenized U.S. stock exposure**, enabling users to buy and sell U.S. equity exposure through **on-chain stock tokens** rather than through traditional brokerage rails.

Financially, tokenization can improve access by:

* **Replacing broker account dependency** with token-based exposure that can be acquired and sold within the platform.
* **Reducing operational friction** (onboarding, custody complexity, settlement coordination) by treating exposure as a tradable token instrument.
* **Enabling smaller position sizes** (fractional-style exposure) so users can allocate capital efficiently without high minimums.
* **Improving portability of exposure** since positions exist as tokens that can be held and transferred like other digital assets.

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