N3XT officially launched on December 4, 2025, introducing a blockchain-powered bank designed to revolutionize business-to-business payments. Based in Cheyenne, Wyoming, the bank enables instant, programmable U.S. dollar transactions 365 days a year through a private, permissioned blockchain. “Money should move as seamlessly as information,” said CEO Jeffrey Wallis, emphasizing the platform’s ability to settle transactions immediately without relying on traditional financial institutions.

The bank operates as a full-reserve institution, with every dollar of deposits backed one-to-one by cash or short-term U.S. treasuries. Supported by investors including Paradigm, the platform allows businesses to program payments that execute automatically based on specific conditions, reducing counterparty risk and freeing up working capital. N3XT provides a regulated framework bridging decentralized finance and traditional banking, enabling crypto-native businesses to conduct transactions in U.S. dollars with unprecedented efficiency.

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• Where is N3XT legally registered? Wyoming, under a Special Purpose Depository Institution charter.

• How are deposits secured? One-to-one backing by cash or short-term U.S. treasuries.

• Can businesses use this globally? Designed for international B2B payments across multiple sectors.

• Is the platform fully regulated? Yes, with daily published reserve holdings and state banking authority examinations.

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