N3XT, a new blockchain-powered bank built to bring modern innovation to finance, officially launched today with a mission to redefine how money moves in a global, always-on economy. Designed to eliminate the long delays and friction baked into traditional banking systems, N3XT allows businesses to make instant, programmable, 24/7 business-to-business payments in U.S. dollars something conventional payment rails still struggle to support. The company believes banking must evolve to keep pace with the nonstop nature of global commerce, where funds often sit idle for days awaiting settlement and limit working capital flexibility.
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CEO and President Jeffrey Wallis described N3XT as a bank built on the core principle that money should move as effortlessly as information. Drawing from years of innovation in the crypto sector, N3XT combines blockchain efficiency with the stability of traditional banking to give institutional clients real-time payment capabilities and programmable settlement logic. Investors share this vision: Alana Palmedo, Managing Partner at Paradigm, noted that financial systems are rapidly shifting toward an internet-native, round-the-clock model, and N3XT embodies this transformation by establishing a new standard for how dollars move globally.
N3XT operates on a private, permissioned blockchain that enables immediate transaction settlement without relying on external financial institutions. Its architecture allows businesses across industries to integrate payments directly into their operations using smart contracts that execute automatically when predefined conditions are met. This infrastructure supports seamless interoperability with digital assets such as stablecoins and utility tokens, creating a bridge between decentralized finance and regulated banking. For crypto market participants, the platform offers the ability to automate collateralization, manage risk in real time, and free working capital for reinvestment.
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By enabling instant settlement, N3XT aims to transform global trade workflows that traditionally depend on letters of credit and lengthy payment approval windows. A business shipping goods across continents can now receive payment automatically the moment delivery is verified, reducing counterparty risk and allowing both buyers and sellers to operate with greater financial agility. These efficiencies lower fees, reduce dependence on credit, and give businesses immediate access to reinvestable capital.
N3XT enters the market with a diverse set of inaugural clients across crypto, shipping, logistics, foreign exchange and other industries, supported by strong backing from top-tier investors including Paradigm, Pharsalus, HACK VC, Reciprocal Ventures, Winklevoss Capital, Future Perfect Ventures, Potenza Capital and Jesselson Capital. The bank positions itself as a full-reserve, fully regulated institution, holding every deposited dollar one-to-one in cash or short-term U.S. treasuries making it the first “narrow bank” in the United States. N3XT does not engage in lending and publishes its reserve holdings daily, operating under a Wyoming Special Purpose Depository Institution charter with regular oversight by state regulators.
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The company is led by a highly experienced team with deep roots in banking, blockchain technology, compliance and digital asset infrastructure. CEO Jeffrey Wallis brings decades of experience leading financial institutions through digital transformation. Founder Scott Shay has been integral to numerous successful banking ventures, including Signature Bank and the pioneering Signet blockchain payment system. CTO Aurélien Bonnel leads development of N3XT’s real-time payments infrastructure, while CFO Tiffiney Peterson oversees financial strategy and reporting after more than two decades at Merrick Bank. CIO Kyle O’Donnell, CCO Amanda Ortega, and senior growth and client services leaders Tom Curley and Viviane Sabat round out a leadership team built to scale a next-generation financial institution.
With its programmable payments, real-time settlement capabilities and fully regulated, full-reserve model, N3XT aims to deliver the reliability of traditional finance with the speed and intelligence of blockchain technology. The bank sees itself as a catalyst for a new era of global commerce one where businesses no longer wait for money to move, but operate in sync with a financial system designed for the digital age.
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