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BTCC / BTCC Square / Global Cryptocurrency /
Ex-Signature Bank Team Launches N3XT, a Blockchain-Based 24/7 Payments Bank

Ex-Signature Bank Team Launches N3XT, a Blockchain-Based 24/7 Payments Bank

Author:
Global Cryptocurrency
Published:
2025-12-05 06:43:01
21
1
BTCCSquare news:

Former executives of collapsed crypto-friendly Signature Bank have unveiled N3XT, a Wyoming-chartered institution built for always-on settlements. The fully reserved bank will operate under Wyoming's Special Purpose Depository Institution framework, catering to institutional clients with blockchain-based payment solutions.

N3XT's private blockchain enables programmable smart-contract payments without lending capabilities. The venture has attracted backing from prominent crypto investors including Winklevoss Capital, Paradigm and HACK VC. Signature Bank founder Scott Shay leads the initiative, marking a return after Signature's collapse during 2023's banking turmoil.

The platform positions itself as a next-generation financial infrastructure, supporting stablecoins and digital assets with 24/7 transaction capabilities. Its launch represents continued institutional interest in blockchain-based banking solutions despite recent sector challenges.

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