The paper demonstrates the possibility of using Next100 type binders alloyed with nickel and modified with WC, ZrO 2 and hBN nanoparticles for the manufacture of cutting tools based on superhard materials intended for steel and cast iron machining. It was found that nickel alloying of the binder makes it possible to increase its impact strength by 2,5 times and significantly improve the life of tool segments while in operation. Introduction of WC, ZrO 2 and hBN nanoparticles into the binder increases its strength by 100–150 MPa and hardness by 5–7 HRB. In the presence of WC nanoparticles, the adhesion of cubic boron nitride to the binder increases. The optimal ratio of diamond to CBN grains in the coating is determined for better tool performance – 75 : 25. The paper reveals the formation of amorphous boron nanoclusters at the at CBN-binder interface, and dissolution of a small amount of nitrogen in the binder components during hot pressing.