A new U.S. bank just flipped the script on traditional business payments: N3XT officially launched today, promising instant, programmable B2B payments in U.S. dollars any time of day—or night—leaving old-school banking hours in the dust.
Summary
- N3XT is offering instant, programmable U.S. dollar payments for businesses worldwide, bypassing traditional banking delays.
- The platform allows clients to automate payments, manage market-driven transactions, and access funds immediately while staying compliant.
- Led by fintech veterans and backed by top investors including Paradigm and Winklevoss Capital.
N3XT opens its doors as a full-reserve, fully regulated narrow bank under a Wyoming Special Purpose Depository Institution charter. Every deposited dollar is backed one-to-one by cash or short-term U.S. Treasuries, and the bank publishes its reserve holdings daily.
The platform allows businesses to trigger payments automatically: shipped a crate from Manila to Perth? Funds can move the moment delivery is confirmed. Market dips? Collateral deposits can be executed automatically. Market spikes? Dollars flow back into your pocket, freeing up working capital.
Leadership reads like a Who’s Who of fintech veterans:
- Jeffrey Wallis (CEO) from Signature Bank
- Scott Shay (founder) behind multiple successful banks and
- CTO Aurélien Bonnel from Deutsche Bank.
Investors like Paradigm, Pharsalus, HACK VC, Winklevoss Capital, and others helped fund the launch.
“The financial system is being re-wired to be internet native, 24/7/365 and global,” said Paradigm’s Alana Palmedo. N3XT hopes that with blockchain under the hood, the era of waiting days for money to move may finally be over—because in the 24/7 global economy, time is money, literally.
