Luno Secures Bermuda License for Institutional Expansion Beyond Africa and Asia-Pacific
Crypto exchange Luno has secured a Class F Digital Asset Business (DAB) license from the Bermuda Monetary Authority, enabling it to expand its institutional and B2B footprint beyond Africa and Asia-Pacific.
The license allows Luno International Ltd to operate as a regulated entity in Bermuda, supporting the company's growth of its Crypto as a Service and Global Settlements businesses.
Luno can now offer OTC trading, including crypto, tokenized stocks, commodities, and ZARU, the rand-backed stablecoin issued by BlockTower. The exchange can also provide global spot markets across Luno's tradable digital assets and its wallet infrastructure, including custody and transfer of digital assets.
The Bermuda license complements Luno's existing institutional offering, which includes access to eight institutional instruments through its OTC desk. These instruments include tokenized exposure to silver, platinum, palladium, copper, uranium, Strategy preferred stock, SpaceX, and HYPE.