In order to cater to financial institutions, Singapore-based payments innovator Nium has launched its CaaS offering, crypto as a service.
To help new and established financial institutions alike, Nium offers turn-key, purpose-built API suites. During a time when demand for crypto is rising, its current offering aims to supply ready-made tools.
CaaS will give institutions “in-demand capabilities” for crypto investment, according to a statement on Monday from the business. It will initially handle up to five cryptos.
The company claims that its customers may integrate crypto marketplace services like as KYC, regulatory monitoring, brokerage, custody, and processing through an API link to its platform.
Nium has opted to roll out its services throughout the United States, with the addition of 15 more cryptocurrencies to the service before the end of the year. Australia, Singapore, and Hong Kong are among the 25 more nations and jurisdictions slated to be covered by the end of next year.
Nium reached unicorn status in July after getting $200 million in new investment from Riverwood Capital, a digital investor.
Prajit Nanu, co-founder and CEO of Nium, said, “Our worldwide clientele are seeking more and more methods to distinguish their core offers.” In addition to payments and card issuance, we also provide access to modular fintech aspects such as cryptocurrency.
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