Nium Acquires Cypher, Expanding Its Fiat-to-On-Chain Money Movement Infrastructure
The acquisition adds Cypher’s crypto-wallet and Visa card expertise as Nium says it serves demand from Web3 companies and fintechs across 190+ countries.
- On Wednesday, July 8, 2026, San Francisco-based Nium announced the acquisition of Cypher, a crypto-native wallet and card company, to deepen its presence in the crypto-linked spending market.
- The move allows Nium to integrate Cypher's operational knowledge of blockchain requirements into its global payments infrastructure, bridging fiat and digital assets for Web3 companies and traditional fintechs.
- Cypher founder Kuberan Marimuthu joined Nium as Vice President of Digital Assets, reporting to Nium CEO Prajit Nanu, with the startup's engineering team also integrating into the company.
- Nium serves as a principal card issuer on Visa, Mastercard, Discover, and UATP, issuing over 41 million card tokens annually across more than 190 countries, establishing scale for digital asset expansion.
- By extending security and compliance standards to on-chain transactions, Nium intends to power the next era of money movement through stablecoin-backed issuing products meeting Web3 and fintech demand.
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PR Newswire
Nium Acquires Cypher, Expanding its Fiat-to-On-Chain Money Movement Infrastructure
/PRNewswire/ -- Nium, the global leader in cross-border payments infrastructure, today announced the acquisition of Cypher, a crypto-native non-custodial...
Nium Buys Cypher To Expand Stablecoin Card Infrastructure
Cross-border payments firm Nium has acquired Cypher, a crypto-native non-custodial wallet and card issuing startup backed by Y Combinator and Coinbase Ventures, adding wallet and card infrastructure to its stablecoin payments stack. The deal brings Cypher founder Kuberan Marimuthu into Nium as vice president of digital assets. Cypher’s engineering team has also joined Nium, giving the payments company a crypto-native group that has spent nearly …
Nium acquires crypto-native non-custodial wallet and issuing company Cypher
Cross-border payments infrastructure provider Nium has announced the acquisition of Cypher, a crypto-native non-custodial wallet and issuing company. The post Nium acquires crypto-native non-custodial wallet and issuing company Cypher appeared first on FX News Group.
Nium Acquires Cypher to Bridge Fiat and Digital Asset Payments
Nium has acquired Cypher as it pushes deeper into infrastructure for payments between fiat currencies and digital assets. The financial details were not disclosed. The Singapore-based cross-border payments firm said the deal adds crypto-native expertise to its stablecoin-backed issuing and global money movement infrastructure. Nium has been expanding its network to support stablecoin funding and settlement, as Web3 firms, wallets, exchanges and …
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