The challenge

Nomad is one of Brazil’s leading global financial platforms, giving Brazilians access to international accounts, debit cards, investments and other financial products connected to the US market. Its mission is to make global financial access simpler, more transparent and more efficient for Brazilian customers.

At Nomad’s scale, the ability to convert, move and settle dollars efficiently is not a back-office detail. It is core infrastructure behind the product experience, pricing model and customer promise.

Nomad’s product depends on conversion at scale. Traditional FX and correspondent banking rails introduce cost, latency and reconciliation complexity into that operation. Every intermediary adds friction. Every settlement delay affects the treasury cycle. Every basis point lost in the flow has an impact on unit economics.

For a company competing on speed, transparency and cost, this was not only an operational inefficiency. It created a structural limit on how efficient the product could become as volume increased.

Nomad needed a settlement model that could reduce FX costs, accelerate treasury movement and simplify operations without disrupting the regulated customer-facing experience already in place.

How Lumx solved it

Nomad moved a key part of its treasury settlement flow onto stablecoin rails with Lumx. Instead of relying solely on traditional correspondent banking flows, Lumx supported USD settlement into Nomad’s US banking structure through a faster and more efficient infrastructure layer.

The result was same-day settlement. Treasury positions could move in line with the product’s cash cycle instead of trailing it by a full business day. This reduced delay, lowered operational friction and improved the predictability of the settlement process.

Lumx operated the rails in the background while Nomad maintained the customer-facing experience, product logic and regulatory structure its users already relied on.

Results

The shift delivered a 60% reduction in FX cost, improving Nomad’s unit economics in a product category where pricing efficiency matters at scale.

Settlement accelerated from D+1 to D+0, removing a full business day from the treasury cycle. Capital that previously remained in transit became available on the same day, helping tighten liquidity management and simplify reconciliation as volume grew.

Key takeaways

For consumer fintechs operating at scale, FX is not just an operational cost. It is part of the product’s economic architecture.

By using Lumx to support stablecoin-based settlement, Nomad reduced cost, accelerated treasury movement and strengthened the infrastructure behind its global financial experience.

This is a repeatable pattern for financial platforms whose margins, liquidity and customer experience depend on moving dollars quickly and efficiently.