Jinse Finance reported that Singapore-based Nium Pte announced plans to list in the United States in the second quarter of 2025. The company is currently valued at approximately US$2 billion and aims to break even before the planned initial public offering (IPO). Chief executive Prajit Nanu stressed that predicting market trends is beyond anyone's control, but the main goal for the next year and a half is to be fully prepared. Nium (formerly Insta ReM) operates a platform that enables businesses to send, spend and receive money globally. In 2020, it formed a partnership with the famous blockchain company Ripple.