Dtunes becomes Swapto to offer multi-currency management

Dtunes, a Nigerian financial technology platform that began as a crypto-to-naira cash-out service, has rebranded as Swapto as it moves to offer wider multi-currency management and payment features, the company said.

The change will be rolled out via an automatic update of the existing Dtunes app, the company said, assuring users that accounts, balances and transaction history will carry over without disruption. The announcement and related details were reported by Vanguard.

Dotun Oyetade, founder and CEO of the rebranded company, said the new name reflects an expanded focus on giving customers control over how they hold, swap and use their money. He said the platform will let customers hold crypto and choose when to swap it to naira, with assets held in custody by a digital asset custodian. “Those who prefer automation can switch on AutoSell,” he said. “After swapping, they can pay for airtime, data and bills without leaving the platform.”

Oyetade told Vanguard that Dtunes launched in 2021 primarily to help users convert crypto to naira, but the business has evolved after more than 500,000 swaps across Nigeria. He said user feedback showed demand for more than a cash-out tool, and that Swapto aims to let people and businesses move between currencies, manage money and use it for payments without switching platforms.

The CEO linked the pivot to wider economic and market trends. Vanguard reported that Nigeria ranked sixth in the 2025 Chainalysis Global Crypto Adoption Index, and that Chainalysis estimated the country received more than $92.1 billion in on-chain value between July 2024 and June 2025. The report also cited Yellow Card’s 2025 Africa report, which estimated Nigeria had about 25.9 million digital-asset users in 2025.

Oyetade said naira depreciation since 2021 and growth in remote work have driven more Nigerians to hold value in foreign currencies or earn in crypto. He argued that having money in one place does not always mean users can deploy it as they wish, and that Swapto intends to give customers the freedom to decide when to move money and what to swap it into.

The rebrand will not change the company’s core operations, Oyetade said, but it will provide space to expand into broader financial services such as cards and everyday payments over time. Vanguard reported the company described the rebranding as an evolution rather than a disruption for existing users.

Vanguard published the company’s announcement and Oyetade’s statements on 23 September 2026.