Nium acquires Cypher to expand its fiat-to-on-chain money movement infrastructure, bridging traditional finance and digital assets.
Global cross-border platform Nium has acquired Cypher, a non-custodial wallet and issuing firm, to expand its fiat-to-on-chain money movement capabilities.
The transaction allows Nium to scale secure, compliant, and programmable solutions for Web3 platforms and traditional financial firms. This integration extends the company’s reliability architecture to on-chain transactions, addressing institutional demand for stablecoin card issuing and cross-border settlement.
This infrastructure directly resolves severe inefficiencies in global finance where international payouts frequently become delayed within traditional correspondent banking networks. By introducing a smart orchestration layer for multi-chain movement, the platform eliminates the problem of trillions of dollars sitting idle in nostro accounts for days.
Cypher’s engineering team has joined Nium alongside founder Kuberan Marimuthu, a former Coinbase engineering leader who has been appointed as Nium’s Vice President of Digital Assets.
The deal builds upon Nium’s existing stablecoin-backed issuing services and expanded payment network, which support global funding, settlement, and asset management across multiple chains.
Prajit Nanu, CEO at Nium, said: “Agentic payments require the value exchange and trust layers that don’t yet exist at the ecosystem level. We’re building the critical infrastructure to drive this change, and the Cypher acquisition gives us the muscle to accelerate what we build.”
Stay updated on crypto and AI by following our socials
