Crypto platform Luno said it has received a Class F digital asset business license from the Bermuda Monetary Authority, giving the company a regulated base outside its core emerging markets. Luno said the approval places it alongside globally recognized operators including Coinbase, Circle and Kraken.
The company said Bermuda can serve as a hub for its B2B and institutional push, allowing its crypto-as-a-service and global settlements products to reach clients beyond Africa and the Asia-Pacific region. Luno also described Bermuda as a jurisdiction built for digital assets and modern payments.
According to the company, the license permits over-the-counter trading in cryptocurrencies, tokenized stocks and commodities, as well as the rand-backed stablecoin ZAR Universal. That token is issued by Luno sister company BlockTowerTech and is intended for institutional use. The approval also covers access to Luno’s full range of tradable assets in global spot markets, alongside wallet infrastructure for secure custody and transfers.
Crypto trading platform Luno said it has obtained a Class F digital asset business license from the Bermuda Monetary Authority.
Luno said the license gives it a regulated base outside its core emerging markets and puts it alongside globally recognized operators such as Coinbase, Circle and Kraken.
License supports institutional and cross-border expansion
According to Luno, Bermuda can serve as a base for its B2B and institutional business, helping it extend its crypto-as-a-service and global settlements products to clients beyond Africa and the Asia-Pacific region. The company said Bermuda is a jurisdiction designed for digital assets and modern payments.
What the license allows
Luno said the approval permits over-the-counter trading in cryptocurrencies, tokenized stocks and commodities, as well as the rand-backed stablecoin ZAR Universal.
ZAR Universal is issued by Luno sister company BlockTowerTech and is intended for institutional use.
The license also covers access to all tradable assets on Luno’s global spot market, as well as wallet infrastructure for secure custody and transfers.
Luno’s statement
Luno said it has built trust with millions of customers over 13 years by putting regulation and security first, and described Bermuda as its next step.
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