Nium’s acquisition of Cypher, a CRYPTO-native non-custodial wallet and issuing company backed by Y Combinator and Coinbase Ventures, extends its cross-border payments infrastructure into the fiat-to-on-chain layer, adding digital asset expertise, non-custodial wallet technology, and blockchain-native card issuing capabilities to a network already spanning 100 currencies, 190+ countries, and 41 million card tokens annually across Visa, Mastercard, Discover, and UATP. Cipher founder Kuberan Marimuthu, formerly of Coinbase, Amazon, and Zenefits, joins Nium as VP of Digital Assets, with the full engineering team following. The deal follows Nium’s May 2026 partnership with Circle to link USDC stablecoin settlement with its global payout infrastructure, and positions Nium to serve crypto-native businesses, wallets, exchanges, and personal finance apps that require card issuance, cross-border money movement, and seamless fiat-to-digital bridges under one roof.
Nium Acquires Crypto Wallet Cypher
