{"id":51721,"date":"2021-10-25T15:20:24","date_gmt":"2021-10-25T12:20:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51721"},"modified":"2025-09-03T01:18:12","modified_gmt":"2025-09-02T22:18:12","slug":"nium-launches-crypto-platform-for-institutional-clients","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/nium-launches-crypto-platform-for-institutional-clients\/","title":{"rendered":"Nium launches crypto platform for institutional clients"},"content":{"rendered":"<p>The Singapore-based payments service Nium has launched a Crypto-as-a-Service (CaaS, cryptocurrencies as a service) platform. It is aimed at US-registered banks, corporations, and fintech startups.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">We\u2019re incredibly excited to launch Cryptocurrency investments and broaden card issuance services as part of our expanded global <a href=\\\"https:\/\/twitter.com\/hashtag\/EmbeddedFinance?src=hash&#038;ref_src=twsrc%5Etfw\\\">#EmbeddedFinance<\/a> platform.<\/p>\n<p>Read details: <a href=\\\"https:\/\/t.co\/jFd21f7H3O\\\">https:\/\/t.co\/jFd21f7H3O<\/a><a href=\\\"https:\/\/twitter.com\/hashtag\/FinTech?src=hash&#038;ref_src=twsrc%5Etfw\\\">#FinTech<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/B2B?src=hash&#038;ref_src=twsrc%5Etfw\\\">#B2B<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Crypto<\/a> <a href=\\\"https:\/\/t.co\/9YUy10CE7q\\\">pic.twitter.com\/9YUy10CE7q<\/a><\/p>\n<p>\u2014 NIUM (@NiumGlobal) <a href=\\\"https:\/\/twitter.com\/NiumGlobal\/status\/1452575748473171972?ref_src=twsrc%5Etfw\\\">October 25, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The service offers ready-made specialized <span data-descr=\\\"application programming interface\\\" class=\\\"old_tooltip\\\">API<\/span> sets. Through the solution, clients can implement features such as digital asset trading, <span data-descr=\\\"know your customer\\\" class=\\\"old_tooltip\\\">KYC<\/span> compliance, regulatory compliance, brokerage services, custody and payment processing.\u00a0<\/p>\n<p>In the future, crypto payments will be accepted and wallets supporting stablecoins will be introduced.<\/p>\n<p>The partner is Paxos Crypto Brokerage.<\/p>\n<p>The platform supports five cryptocurrencies \u2014 Bitcoin, Litecoin, Ethereum, and Pax Dollar. The fifth name is not disclosed. Next year, the number will rise to 20.<\/p>\n<p>In 2022, Nium plans to enter markets in 25 jurisdictions, including Australia, Singapore and Hong Kong.<\/p>\n<p>Following a July investment round, the payments service was valued at over $1 billion. Temasek and Visa participated. At the time, the firm reported issuing 30 million virtual cards and an annual payments processing volume of $8 billion.<\/p>\n<p>Earlier, in September, the digital asset custodian Cobo Wallet <a href=\"https:\/\/forklog.com\/en\/news\/cobo-wallet-raises-40-million-in-series-b-led-by-dst-global-and-other-investors\">raised<\/a> $40 million to launch and develop a DeFi-as-a-Service (DaaS, DeFi as a Service) platform aimed at institutional investors. <\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Singapore-based payments service Nium has launched a Crypto-as-a-Service (CaaS, cryptocurrencies as a service). It targets US-registered banks, corporations and fintech startups.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[58,1229,1269],"class_list":["post-51721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-api","tag-banks-and-fintech","tag-cryptocurrencies"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=51721"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51721\/revisions"}],"predecessor-version":[{"id":51722,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51721\/revisions\/51722"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=51721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=51721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=51721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}