Naspers-Backed Crypto Luno Acquired by Digital Currency Group
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Naspers Ltd.-backed cryptocurrency exchange Luno has been acquired by New York-based digital asset investment firm Digital Currency Group, according to a company release seen by Bloomberg.
Terms of the deal were not disclosed. DCG has backed more than 160 blockchain companies and is the parent of units including asset manager Grayscale Investments, crypto broker Genesis Global Trading and industry publication CoinDesk, the release said. DCG first invested in Luno in its seed round in 2014, the release said.