Naspers and Rand Merchant Investment both exited digital asset marketplace and wallet Luno, which has been bought by fellow investor Digital Currency Group.
Blockchain-focused holding company Digital Currency Group (DCG) paid an undisclosed sum yesterday to acquire Luno, a UK-based digital asset services provider backed by corporates media and e-commerce group Naspers.
Founded in 2013 as BitX, Luno offers a mobile app enabling customers in emerging markets to understand, trade and store major cryptocurrencies such as Bitcoin.
DCG will help drive Luno’s international expansion across both existing and new markets. It had contributed to the company’s $800,000 seed round in 2014 alongside Ariadne…
