Blockchain Bank N3XT Raises $72 Million to Launch 24/7 Fully Reserved Digital Payments Platform
N3XT operates under a Wyoming Special Purpose Depository Institution (SPDI) charter, a regulatory framework specifically designed for digital-asset banking. As a full-reserve institution, N3XT does not lend out customer deposits. Instead, it backs every dollar with an equal amount of cash or short-term U.S. Treasuries. The company also plans to publish its reserve holdings daily, offering a level of transparency uncommon in traditional banking.
The $72 million raised came from three completed funding rounds, drawing participation from major crypto-focused venture firms including Paradigm, HACK VC, and Winklevoss Capital. The funding will accelerate N3XT’s regulatory approvals, infrastructure buildout, and integration with corporate clients that require instant, programmable dollar transfers.
A New Model for 24/7 Institutional Payments
N3XT leverages a private blockchain network to provide instant U.S. dollar transfers 24/7/365, giving businesses continuous access to funds without relying on traditional banking hours. Through programmable smart-contract-based payments, companies can automate settlements, streamline cross-border transfers, and reduce counterparty risk.
Industries such as crypto trading, fintech, logistics, online marketplaces, and global commerce are expected to benefit from real-time clearing and settlement. The platform is also being designed for compatibility with stablecoins and tokenized assets, making N3XT a bridge between legacy banking and emerging digital-asset markets.
Because N3XT is a narrow bank that does not engage in lending, it reduces exposure to liquidity crunches and credit failures issues that contributed to the collapse of several U.S. banks in recent years. Its model focuses strictly on payments, custody, and real-time settlement, offering institutions a risk-managed structure for blockchain-enabled banking.
Why N3XT Is Launching Now
The banking sector continues to evolve following the 2023 failures of Signature Bank and other institutions that served crypto-centric business clients. Many companies have struggled to access reliable U.S. dollar rails, especially those that require fast settlement or operate across multiple time zones.
N3XT aims to fill that void with a fully reserved, transparent, regulation-aligned banking alternative that supports digital-asset innovation without the lending-related risks of traditional banks. With its fresh capital, N3XT plans to expand its workforce, scale its blockchain infrastructure, and onboard early institutional partners throughout 2025.
