Luno, the UK-headquartered cryptocurrency firm that operates in four African countries, spent much of its first decade building a retail crypto exchange.
Now, Ayotunde Alabi, chief executive officer and country manager for Luno Nigeria, says the company is pursuing a bigger ambition: selling digital asset infrastructure to banks, asset managers, fintechs, and large enterprises.
Luno wants to give institutions the tools to offer digital assets to their own customers, issue stablecoins, and move money across borders, Alabi told TechCabal in an interview.
“Luno would be the rail [on] which they [institutions] can come into the virtual asset space. For example, asset managers, banks—if a bank wants the ability to mint a stablecoin, they can plug into our rails [to do that],” Alabi said.
Originally published by TechCabal.