Cross-border payments infrastructure provider Nium has 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…