Next Generation acquisition news – France-based Next Generation Acquires Lugh Financial Services

This move will help Next Generation meet EU MiCA regulations and gain official certification. With this acquisition, the company plans to create a seamless payment system connecting traditional finance with digital assets.

Next Generation aims to provide a complete B2B payment solution for all types of businesses, from large banks to small enterprises, helping them manage both fiat and digital currency transactions smoothly.

Its new system will offer services like digital asset storage, automated third-party payments, payment processing, and seamless integration between IBAN accounts and digital wallets.

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These features will enable businesses to handle transactions across different platforms while staying fully compliant with regulations.

A key part of this system is Next Generation’s EUR-pegged stablecoin which will serve as a bridge between traditional and digital currencies ensuring fast secure and compliant transactions.

Frank Combay, COO said, “With the introduction of MiCA, digital assets like stablecoins have been integrated into the regulatory framework alongside traditional finance. Our new ecosystem will enable businesses to fully leverage this unified space by enabling them to work with both fiat and crypto assets simultaneously. This includes all critical payment aspects, such as KYC, AML, security, and more, The blockchain technology underlying our solution offers businesses faster transactions, lower costs, and scalability. Our ecosystem will serve as a state-of-the-art B2B solution that merges the best of both worlds—digital and traditional finance,”.

About Next Generation

Next Generation is creating a payment system where money moves instantly, securely, and without extra costs. Their platform includes a MiCA-compliant EUR-pegged stablecoin a dedicated IBAN and a digital wallet, providing businesses and institutions with a reliable transaction solution.

About Lugh

Lugh introduced EURL but later in 2024 suspended the EURL project. EURL no longer exists. Next Generation will launch another EUR-pegged stablecoin very soon.