Former Signature Bank Execs Set up Blockchain Bank

Former Signature Bank execs set up blockchain bank

A group of three ex-Signature Bank leaders has launched N3XT, a blockchain-based bank offering round-the-clock instant payments. Led by CEO Jeffrey Wallis, the former director of digital asset strategy at Signature, the Wyoming-chartered establishment will operate on a non-lending model contrasting, holding each dollar in cash or short-term U.S Treasuries. As of 2024, nearly 30% of all UK adults were living cashless lives. The decline in cash pa…

N3XT Launches As A Full-Reserve Blockchain Bank Offering Instant USD Payments For Global Businesses

Most of today’s banking systems were built for an earlier era, one where business stopped at the end of the workday and cross-border transactions could take days. In today’s global digital economy, companies operate across continents, payments must move quickly, and financial decisions happen around the clock. Despite this, many businesses still depend on outdated banking rails that slow them down. N3XT, a new blockchain-powered full-reserve ban…