From Signature Bank to N3XT: Ex-Executives Launch Blockchain-Powered Narrow Bank
Former executives from the defunct crypto-friendly Signature Bank have launched N3XT, a new blockchain-powered, full-reserve bank. Operating under a Wyoming SPDI charter, N3XT aims to provide instant, programmable U.S. dollar payments for institutional clients, leveraging smart contracts for automated transactions.
Key Takeaways
* Former Signature Bank executives, including CEO Jeffrey