Crypto-Native Financial Services Gain Momentum as N3XT Launches Transparent Banking Platform
Crypto-native financial services are entering a new phase with the launch of N3XT, a blockchain-focused bank founded by former executives of failed crypto-friendly lender Signature Bank. Registered under Wyoming’s Special Purpose Depository Institution (SPDI) framework, N3XT aims to provide fully backed, real-time banking services tailored for digital-asset firms. Unlike traditional banks, it will not engage in risky lending and will maintain 100% cash reserves, ensuring higher transparency and lower systemic risk. The platform plans to offer 24/7 USD payment rails, custody support, and seamless settlement for crypto businesses, addressing long-standing problems of access to stable banking. The move reflects renewed institutional confidence in crypto infrastructure, especially as U.S. regulations around stablecoins and digital assets tighten. N3XT’s entry signals a broader shift toward regulated, crypto-first financial ecosystems.
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