On December 4, 2025, N3XT, a blockchain-powered bank headquartered in Cheyenne, Wyoming, officially launched a platform designed to revolutionize business-to-business (B2B) payments. The bank leverages a private, permissioned blockchain to enable instant, programmable U.S. dollar transactions 365 days a year, 24/7. CEO Jeffrey Wallis stated: “Money should move as seamlessly as information,” highlighting the platform's ability to settle transactions immediately without relying on traditional financial institutions. This marks a significant step in bridging decentralized finance (DeFi) with regulated banking.
Programmable Payments Around the Clock
N3XT's platform supports programmable payments, allowing businesses to set specific conditions under which transactions automatically execute. This reduces counterparty risk and frees up working capital by eliminating manual intervention and delays. The bank is backed by prominent investors including Paradigm, a venture capital firm known for its focus on crypto. It provides a regulated framework for crypto-native businesses to transact in U.S. dollars with unprecedented efficiency, while also serving traditional enterprises seeking faster settlement. The service is designed for international B2B payments across multiple sectors, offering a global reach.
Full-Reserve Banking and Regulatory Compliance
N3XT operates as a full-reserve institution, meaning every dollar of deposits is backed one-to-one by cash or short-term U.S. Treasuries. The bank publishes its reserve holdings daily and undergoes regular examinations by Wyoming state banking authorities. This transparency ensures that depositors’ funds are always fully secured, distinguishing it from fractional-reserve models. Wyoming has been at the forefront of crypto-friendly regulation, having recently become the first U.S. state to issue a stablecoin across seven blockchains. N3XT’s launch further cements Wyoming’s role as a hub for blockchain innovation within a compliant framework.
FAQs
Where is N3XT legally registered? In Wyoming, under a Special Purpose Depository Institution (SPDI) charter.
How are deposits secured? One-to-one backing by cash or short-term U.S. Treasuries.
Can businesses use this globally? Yes, designed for international B2B payments across multiple sectors.
Is the platform fully regulated? Yes, with daily published reserve holdings and examinations by state banking authorities.
By combining blockchain efficiency with regulatory oversight, N3XT aims to set a new standard for B2B payments, potentially reducing settlement times from days to seconds while maintaining trust and compliance.