Inflection point: Nium and Cypher join forces to unlock the biggest B2B use cases in stablecoin

Evidence tier: A1 Evidence type: Auto-discovered official publication Source: Nium Blog Official publication date: 2026-07-05 Captured: 2026-08-03T05:09:20.220Z

I've spent my career building and scaling modern payments infrastructure, from building the payments platform at Zenefits and launching Amazon's co-branded card program for small businesses, to leading payments risk engineering at Coinbase. Throughout, my focus has been on creating payment systems that can operate at scale.

At Cypher, the company I founded almost 5 years ago, we were early to reimagine neobanking through non-custodial wallets and stablecoins — an experience that reinforced my conviction that the next generation of payment systems is bound to include digital assets.

That's what makes today's news so exciting.

With Nium's acquisition of Cypher, I get to shift gears and bring my experience building crypto-native non-custodial wallets and card issuing to some of the most interesting use cases for stablecoins: cross-border money movement, corporate treasury management, card issuing, and more.

So what does this actually mean for Nium’s customers and the industry?

Expertise across TradFi and DeFi payment ecosystems

I developed a passion for decentralized finance early on. For a while we have seen adoption of stablecoin in very crypto native use-cases though there is significant application in TradFi business use-cases.

That's changing with the GENIUS Act.

Now that businesses can see clear regulation taking shape, the time is right to start solving their payments pain points. That's where joining forces with Nium creates strength for both the Cypher team and Nium. Together, our combined expertise spans the entire TradFi and DeFi ecosystem, covering practically any money movement use-case for businesses and consumers.

For Nium's customers and the industry at large, that means we can deliver:

• Compliant money movement and value exchange infrastructure that bridges fiat and digital assets at scale
• Industry-leading solutions for the hardest problems, often before customers even know they have them
• Faster product development in the B2B use cases that promise the most impact

You can hear more about how Prajit Nanu, the founder and CEO of Nium, and I are thinking about this acquisition in our conversation below:

The practical realities: how our teams will work together, and my new role as VP of Digital Assets at Nium

One of my biggest learnings as a three-time founder is that the talent you attract is the business you build.

As of today, my entire team is now part of Nium. The experience they've built over the past four-plus years, navigating regulatory, technical, and marketplace challenges with design-first principles, complements Nium's own deep expertise in cross-border payments, compliance, and fiat rails.

I'm also stepping into a new role: Nium's first-ever VP of Digital Assets. In this capacity, I'll be Prajit's counterpart for all things digital assets. Together, we'll bring stablecoins to B2B use cases much faster than either of us could alone. I can't wait to start building.

In practice, this drives 3 key opportunities for Nium’s customers:

• Launch your own stablecoin-backed card program, so you can turn stablecoin balances into real-world payments for your end users
• Get your payments tech stack ready for stablecoin use cases, so you can move with speed and confidence at global scale
• Understand the opportunities stablecoins create for B2B cross-border payments including payroll, travel, banking, and more

Final thought: we're simply better together

When I thought about what it would mean to sell Cypher, the question of whether to stay independent naturally came up.

Here's what I told Prajit (see video above) and what I'll say to you now: joining Nium was a no-brainer. We are, as Nium puts it, Simply Better Together – a value I've come to appreciate deeply through this acquisition.

To learn more, read the full announcement here.