Nomy Finance Nears Acquisition of Major MEA Bank

Digital asset platform Nomy Finance is in the final stages of acquiring a major regional bank in the Middle East and Africa (MEA), a move that could mark a significant milestone in the fusion of traditional finance and blockchain-based services.

The unnamed bank operates over 150 branches and serves more than 3 million active clients, making it one of the most established financial institutions in the region. Backed strategically by Mahreb Group, the acquisition is expected to lay the groundwork for a fully licensed digital bank, integrating crypto capabilities into a compliant, regulated framework.

Expanding into Regulated Infrastructure

The acquisition gives Nomy Finance access to critical infrastructure often lacking in crypto platforms—fiat rails, IBAN accounts, debit card issuance, treasury systems, and more. These traditional banking components will be embedded into the Nomy platform, allowing users to seamlessly move between crypto and fiat.

“We’re building a new kind of bank—one that combines regulatory strength with the flexibility and accessibility of the crypto economy,” said Rafael O’Neill, Chief Marketing Officer at Nomy Finance.

Mahreb Group’s Strategic Backing

This deal follows Mahreb Group’s recent controlling stake in Nomy Finance. With over 100 million users across MEA and Europe, Mahreb’s involvement gives Nomy access to both scale and regional expertise—key for delivering compliant digital asset services in emerging markets.

The joint vision includes turning Nomy into a one-stop platform for digital-native and institutional users, especially in underbanked regions where blockchain solutions are finding fast traction.

Implications for the NOMY Token

The upcoming integration of licensed banking services is expected to boost the utility of the NOMY token. Token holders may gain access to features such as compliant yield products, tokenized asset custody, and fiat on/off-ramps.