TechFlow news, December 5 — According to CoinDesk, former executives of the collapsed crypto-friendly bank Signature Bank have launched N3XT, a blockchain-powered full-reserve bank operating under Wyoming's Special Purpose Depository Institution (SPDI) license.
The bank offers programmable dollar payment services with instant settlement via a private blockchain system, enabling businesses to automate transactions 24/7 through smart contracts. The project has secured support from venture capital firms including Paradigm, HACK VC, and Winklevoss Capital, raising $72 million across three funding rounds.




