Nomy Finance, a rapidly growing digital asset platform with a strong institutional foundation, has entered the final phase of negotiations to acquire a leading regional bank operating in the Middle East and Africa (MEA). The bank, which has over 150 branches and serves more than 3 million active clients, is among the most recognized financial institutions in the region.
The acquisition, strategically backed by Mahreb Group, represents a transformative step for Nomy Finance as it expands its infrastructure to support institutional and retail financial services across emerging markets. The integration aims to establish a fully licensed digital banking entity that merges traditional financial trust with innovative digital asset capabilities.
Strategic vision and institutional alignment
The move follows Mahreb Group’s recent acquisition of a controlling interest in Nomy Finance. Mahreb’s long-standing presence across MEA and select European markets—serving over 100 million users—provides Nomy with a unique opportunity to bring compliant digital asset services to a massive user base.
By acquiring a licensed bank, Nomy Finance will gain access to a comprehensive financial framework, including fiat payment infrastructure, treasury systems, and regulatory approvals. These will be embedded into the Nomy platform, enabling features such as IBAN accounts, fiat on/off-ramps, debit card issuance, and tokenized asset custody—all from within a unified interface.
“This transaction positions Nomy to bridge the gap between traditional banking and digital asset management,” said Rafael O'Neill, Chief Marketing Officer at Nomy Finance. “We’re building a new kind of bank—one that combines regulatory strength with the flexibility and accessibility of the crypto economy.”
Enhancing the NOMY Token ecosystem
The acquisition is expected to significantly enhance the utility and adoption of the NOMY token. By integrating licensed banking services directly into the ecosystem, token holders will benefit from increased functionality, including access to compliant yield products, digital-first financial tools, and institutional-grade infrastructure.
Nomy Finance currently serves over 1.5 million users globally, with strong momentum across its staking, wealth management, and venture product lines. The platform recently closed a $10 million strategic funding round and manages more than $690 million in venture assets.
A new chapter for digital finance in MEA
This acquisition represents a significant milestone for Nomy and the broader effort to unify digital and traditional financial services. Once finalized, Nomy Finance will be one of the few crypto-native companies to fully own and operate both fiat and digital asset infrastructure under one compliant framework.
The merger underscores Nomy’s commitment to regulated growth, user protection, and the development of an integrated, future-ready financial ecosystem.
For ongoing updates regarding the acquisition, NOMY token sale, and upcoming institutional products, please visit Nomy Finance.