Luno, a leading exchange - Now a part of DCG
Crypto Business World
CBW -External Analyst
Sep, 18 2020
Digital Currency Group is a worldwide blockchain and investor who builds and nurtures early-stage companies in the blockchain ecosystem.DCG is the most dynamic investor in the blockchain industry, with a mission to boost the advancement of an enhanced financial system by propagating digital assets and blockchain innovation.On 9th September DCG acquired a leading crypto ICO trader, Luno. The London-based platform hasa regional presence in Singapore and Cape Town. Luno is at the forefront of providing security crypto training, awareness, and investment tools for people in Africa, Asia, and Europe. The ICO security token company Luno is a leading platform in countries like South Africa, Nigeria, Indonesia and Malaysia which hold huge chunks of crypto assets. Luno has shown exponential growth in recent years, with a customer base of five million in 40 countries. DCG has committed to help Luno magnify its global presence, both in terms of geographies and finances.
DCG is a strategic investor in more than 160 blockchain firms worldwide. DCG is the parent organization of several subsidiaries viz, Grayscale Investments, Genesis, CoinDesk and Foundry.DCG’s initial investment in Luno was in a seed funding round in 2014.DCG empowers its subsidiaries to work as independent organizations facilitating leadership and capital to scale the businesses.
The Luno leadership team will stay completely untouched. Luno proposes that the current legacy framework fulfills the needs of a non-digital age, overlooking the necessities of today’s people in addition to unnecessary failure points and gatekeepers. The world has changed with innovations like Bitcoin and Ethereum that will shift the way people look at money. Just like the telecom industry the evolution from landlines to mobile phones, money is also going through a revolution. With the help of DCG, the crypto platform Luno aims to reach a goal of helping 1 billion people to upgrade to a better financial system by 2030. Luno has a regional presence in Kuala Lumpur and Jakarta in Asia, Lagos in Nigeria, and Johannesburg in South Africa. The Luno team has devised a determined road map for future development and will aggressively compete with finance firms worldwide.
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