Former Signature Bank Leaders Launch N3XT to Enable Instant Blockchain Payments

Highlights:

• N3XT offers nonstop blockchain settlement that supports programmable payments.
• The bank uses a fully reserved model to reduce liquidity risks and provide daily disclosures for clients.
• Signature Bank leaders have launched N3XT as Europe advances a unified euro stablecoin plan.

Former Signature Bank executives launched N3XT with a plan to offer nonstop settlement on a private blockchain. The institution announced that it will allow instant transfers at any hour. The team built the platform to support smart contracts and programmable payments. It also works with stablecoins, utility tokens, and other digital assets. This design targets firms that depend on continuous settlement.

Former Signature Bank Founder Launches N3XT

Former Signature Bank founder Scott Shay has launched @N3XTinc, a Wyoming-chartered blockchain bank offering instant 24/7 payments on a private ledger, according to @Cointelegraph.

N3XT supports programmable payments, is interoperable… pic.twitter.com/AUi4JQd8Hl

— ME (@MetaEraHK) December 5, 2025

N3XT will run under Wyoming’s Special Purpose Depository Institution charter. This framework supports fully reserved banks that custody digital assets. Founder Scott Shay leads the effort after his experience with Signature’s rise and fall. Signature collapsed after sharp outflows hit several crypto-linked banks. Regulators linked the failure to concentration risks and heavy pressure from large uninsured deposits.

The new bank wants a stronger foundation for digital asset clients. The team says instant settlement can reduce friction across many industries. The private blockchain also gives the institution more control over transaction speed. N3XT plans to attract firms that value predictable settlement cycles. The bank says demand for faster transfers continues to grow in the crypto sector.

Signature Bank Leaders Launch Bank with a Fully Reserved Banking Model

The founders shaped N3XT around lessons from the banking turmoil two years ago. Signature faced a rapid run during that period as market confidence weakened. A variety of digital asset companies urgently sought established banking partners. N3XT seeks to fill these loopholes by strictly following a one-to-one reserve structure. The bank will guarantee all deposits using cash or short-term Treasurys.

The institution also provides disclosures of daily reserves in a bid to build trust. This approach supports clients who operate around the clock. CEO Jeffrey Wallis said the team wants money to move as easily as information. He described the model as a bridge between banking and crypto innovation. Wallis also stressed the need for simple, fast, and programmable transfers.

The bank will not offer lending. The founders believe this step lowers exposure to liquidity shocks. Many of Signature’s challenges stemmed from deposit volatility. N3XT wants to avoid similar strains with a narrow and transparent model. The team hopes this structure will reduce uncertainty for its users.

Several firms have already joined the onboarding process. N3XT says clients span crypto, foreign exchange, shipping, and logistics. These industries depend on nonstop settlement and often struggle with delays. Venture investors also support the project. Winklevoss Capital, Paradigm, and HACK VC backed N3XT through three funding rounds.

HACK VC co-founder Alexander Pack praised the founders’ return to the market. He said N3XT reflects their commitment to rebuilding stronger systems.

I'm incredibly excited to support N3XT in their mission to make crypto banking happen in the US again.

N3XT's founders, Scott and Jeff, are forces of nature: they previously built Signature Bank, the biggest and best bank to support the US crypto industry in a regulated way,… https://t.co/27NPCCL8jc

— Alexander Pack (@alpackaP) December 4, 2025

Europe Moves Toward a Unified Euro Stablecoin Under New Consortium

European banks have also advanced digital payments this year. A consortium of ten large lenders announced plans to introduce a euro stablecoin by mid-2026. The team formed Qivalis in Amsterdam to lead development and licensing. The stablecoin shall be subjected to MiCA regulations prior to market introduction.

Euro stablecoins have a minor presence today. The world of digital payments is still dominated by dollar-pegged tokens. The consortium believes that a common instrument will enhance the European standpoint. The team consists of long-time payment and regulation leaders. The group also submitted an electronic money license request to the Dutch Central Bank.