Share this article
Crypto Exchange Luno's Co-Founder Departed in December
Timothy Stranex also served as the company's chief technology officer.
Updated May 9, 2023, 4:06 a.m. Published Jan 19, 2023, 3:29 p.m.
Make us preferred on Google
Cryptocurrency exchange Luno's co-founder and chief technology officer (CTO), Timothy Stranex, exited in December to "pursue personal projects," the firm told CoinDesk Thursday.
Stranex's departure came nearly 10 years after he founded the company with Carel van Wyk, Pieter Heyns and current CEO Marcus Swanepoel. He's been replaced as CTO by Simon Ince, who joined Luno just under two years ago as its vice president of engineering.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Luno, whose parent company is Digital Currency Group (also the parent company of CoinDesk), says it has over 10 million customers worldwide. Headquartered in London, it has offices in Singapore, Cape Town, Johannesburg, Lagos and Sydney.
Read more: Bitcoin Miner Bitfarms' CEO Resigns and Is Replaced by COO
More For You
UK appoints HSBC for blockchain bond pilot
The Treasury appointed banking giant and law firm Ashurst to steer its digital gilt trial this year as Britain plays catch-up to Hong Kong and Luxembourg.
What to know:
- The pilot will run inside the Bank of England's "digital sandbox," allowing the tokenized government bond to be tested under relaxed regulatory rules before any permanent market structure changes.
- The banking giant has already orchestrated over $3.5 billion in digital bond issuances through its proprietary Orion system, including Hong Kong's $1.3 billion green bond — one of the largest tokenized debt sales to date.
- Industry experts note that even if the pilot succeeds, full-scale adoption of digital gilts will need new laws and clarified tax treatment before becoming a standard feature of UK debt markets.
Top Stories
