N3XT Bank Launches Blockchain-Powered, Full-Reserve Bank
Update: 2025-12-05
Description
N3XT, a new blockchain-powered, full-reserve bank, has been launched by former Signature Bank executives. Operating under a Wyoming Special Purpose Depository Institution charter, N3XT offers programmable USD payments with instant settlements via a private blockchain system. Led by Jeffrey Wallis and Scott Shay, the team brings significant crypto-friendly banking experience. Securing $72 million in funding, N3XT aims to provide a service similar to Signature Banks Signet platform, enabling businesses to automate financial operations around the clock.
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