Nium, the global leader in cross-border payments infrastructure, today announced the acquisition of Cypher, a crypto-native non-custodial wallet and issuing company. The deal further expands Nium as the core infrastructure layer for the converging payments ecosystem—the compliant money movement and value exchange infrastructure that bridges fiat and digital assets.Since the launch of its stablecoin-backed issuing product and extending its cross-border payment network to support funding and settlement with stablecoins, Nium has attracted significant demand from consumer-facing Web3 companies as well as traditional fintechs expanding into the digital asset arena. Be it wallets, exchanges, or personal finance apps, these companies require sophisticated card issuing, global money movement infrastructure, and seamless fiat-to-digital bridges to serve users at scale.The Cypher acquisition brings Nium deep operational knowledge of how to build and scale products for crypto-native users while navigating the unique technical requirements of the blockchain ecosystem. This expertise equips Nium to deliver products with greater speed and relevance to this emerging customer segment. Underpinning this capability is the security, compliance, and reliability architecture Nium has already embedded in its global payments infrastructure—standards that are now extended to on-chain transactions to power the next era of money movement.Cypher, founded by Kuberan Marimuthu (Kube) and backed by Y Combinator and Coinbase Ventures, has spent the last four years building products at the intersection of on-chain and traditional banking. Kube, who also held engineering leadership roles for payments and risk at Coinbase, Amazon and Zenefits, has joined Nium as Vice President of Digital Assets, reporting to CEO Prajit Nanu. Cypher’s engineering team joined Nium, as well.NoYesPayments09 Jul, 2026