Singaporean Payments Unicorn Nium Launches Crypto-as-a-Service Platform


Singapore-based funds unicorn Nium has rolled out a crypto-as-a-service (CaaS) providing aimed toward monetary establishments.

  • Nium offers turn-key purpose-built API suites for brand spanking new and conventional finance firms. Its newest providing seeks to supply ready-made instruments amid a interval of excessive demand in crypto.
  • The firm stated its new CaaS will present establishments with “in-demand capabilities” for crypto funding and initially helps as much as 5 cryptos, in accordance with a press release on Monday.
  • Through an API connection to its platform, the agency says its purchasers can embed crypto market companies, together with KYC, regulatory monitoring, brokerage, custody, and processing.
  • Nium has determined to launch its product all through the U.S. with an additional 15 cryptos anticipated to be added to be added to the service by subsequent 12 months. Another 25 international locations and jurisdictions are anticipated to be supported by subsequent 12 months, together with Australia, Singapore and Hong Kong.
  • In July, Nium secured $200 million in fresh funding led by tech investor Riverwood Capital receiving unicorn standing with a valuation above $1 billion.
  • “Our global clients are seeking more and more ways to differentiate their core offerings,” stated Prajit Nanu, co-founder and CEO at Nium. “We offer access to modular fintech elements for payments and card issuing – and now, crypto.”

Read extra: Crypto as a Payment System? Here We Go Again