DCG, a Global Blockchain Investment Firm bought Luno
Digital Investment Group (DCG) is a blockchain investment company that buys, builds, and invests in blockchain company. The company has acquired Luno – a South African cryptocurrency exchange platform. Since the start of operations in 2013, Luno has built a customer base of over five million people across 40 countries, and it also has about 400 employees in South Africa, London, and Singapore.
Under the directive of the CEO and co-founder, Marcus Swanepoel, Luno found its way to the top very fast. The firm is a digital asset plant in many emerging and established markets. It provided the user with investment tools, knowledge, and digital asset education.
As a company that invests in blockchain startups and firms, DCG first invested in Luno when it started operating in 2013.
‘’We are proud to have supported Luno during its early stage. We are committed to building mission-driven companies that can help transform traditional financial services. Thereby, improving the economic freedom for people across the globe,’’ said Barry Silbert, Founder and CEO of DCG.
Following the acquisition of Luno, the financial terms were not disclosed, but DCG Group states that Luno will continue to function as an independent subsidiary of DCG. Hence, the Leadership of the Luno team, which is led by Swanepoel, will remain in place.
‘’The past seven years have been exciting for us; helping our customers get access to crypto through a reliable and trustworthy platform,’’ says Swanepoel.
‘’Over the years, we have invested in a lot of retail businesses all over the world – including nearly two dozen exchanges. Luno is the first subsidiary that is a wallet and an exchange,’’ says DCG’s chief operating officer, Mark Murphy.