Stablecoin infrastructure provider Wirex has appointed Kulveer Ranger, Lord Ranger of Northwood, as Board Adviser to Wirex Labs, the company's UK digital asset arm. Ranger will advise on Wirex's UK digital asset strategy as the Financial Conduct Authority (FCA) implements its new regulatory framework for cryptoasset businesses.
Ranger brings more than 25 years of experience in technology, public policy and digital infrastructure. He has served as a member of the UK House of Lords since July 2023 and sits on its Science and Technology Select Committee. He co-chairs the All-Party Parliamentary Group on Digital Money and Digital Markets and serves as Vice Chair of the APPG on Artificial Intelligence.
His career includes establishing London's first Digital Office under former London Mayor Boris Johnson, serving on the board of Transport for London, holding senior positions at technology company Atos, and six years on the board of techUK, the UK's technology industry association. He currently chairs the Digital Policy Alliance and sits on the advisory board of Digital Leaders.
Wirex provides infrastructure connecting traditional financial systems with blockchain-based payments, enabling fintech companies, banks, crypto platforms and other businesses to integrate stablecoin payments into their products.
The appointment comes as the UK moves toward implementing its digital asset regulatory framework. The FCA opened its application gateway for cryptoasset firms on September 30, 2026. Companies can submit applications for authorisation until February 28, 2027, with the regulatory regime set to take effect on October 25, 2027.
Under the new framework, businesses conducting regulated cryptoasset activities including qualifying stablecoin issuance, cryptoasset trading platforms and safeguarding will require FCA authorisation. The rules are intended to establish standards for consumer protection, market integrity and financial resilience.
Wirex indicated that further senior appointments could follow as the company prepares for the regulatory transition and the next phase of its growth.
