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Former Signature Bank Executives Launch N3XT, a Bl

Former Signature Bank Executives Launch N3XT, a Blockchain-Based 24/7 Payments Bank
The bank uses a private blockchain with programmable smart-contract payments and will not offer lending.

Former leaders of the shuttered crypto-friendly Signature Bank have returned with a new venture built around always-on settlement.

Key Takeaways:

N3XT is a Wyoming-chartered, fully reserved blockchain bank built for institutional clients.
The bank uses a private blockchain with programmable smart-contract payments and will not offer lending.
N3XT has secured backing from major crypto investors including Winklevoss Capital, Paradigm and HACK VC.
Their new institution, N3XT, is a state-chartered, blockchain-based bank designed to move money at any hour, with near-instant finality.

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