Luno Expands Institutionally with Bermuda License to Support Global Growth
Crypto exchange Luno International Ltd has obtained a Class F Digital Asset Business (DAB) license from the Bermuda Monetary Authority. This regulatory approval allows it to expand its institutional and B2B operations beyond Africa and Asia-Pacific, focusing on services like Crypto as a Service and Global Settlements. The Bermuda license enables Luno to offer over-the-counter trading in crypto assets, tokenized stocks, commodities, and stablecoins such as ZARU. It also supports the provision of global spot markets and custody solutions for digital assets. This move aligns with Luno's broader strategy to enhance its institutional offerings beyond traditional cryptocurrency trading. Luno’s OTC desk now provides access to eight institutional instruments including tokenized commodities like silver, platinum, palladium, copper, uranium, as well as SpaceX shares and DeFi tokens such as HYPE. The company has also introduced TSMx, a product tracking Taiwan Semiconductor Manufacturing Company (TSMC). Institutional trading volumes grew by 109% year-on-year in 2025.