N3XT has launched a blockchain-powered narrow bank in the U.S., utilizing decentralized and permissionless technology for efficient B2B transactions. This platform focuses on deposits and payments, backed one-to-one by cash or short-term U.S. Treasuries, bridging traditional finance with crypto innovations for 24/7 global operations.
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N3XT’s narrow bank operates under a Wyoming charter, integrating stablecoins and utility tokens for seamless business payments.
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The platform eliminates multi-day delays in international transactions caused by time zones and approvals.
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Stablecoin supply has reached an all-time high of $294.868 billion, highlighting growing adoption across networks like Ethereum and Tron.
Discover how N3XT’s blockchain-powered narrow bank revolutionizes B2B transactions with secure, instant crypto payments. Explore its features and impact on global finance today.
What is N3XT’s Blockchain-Powered Narrow Bank?
N3XT’s blockchain-powered narrow bank is a U.S.-based financial institution designed specifically for business-to-business (B2B) transactions using decentralized and permissionless blockchain technology. Launched under a Wyoming Special Purpose Depository Institution charter, it emphasizes customer deposits and payment services without offering lending, ensuring every deposit is backed one-to-one by low-risk assets like cash or short-term U.S. Treasuries. This model provides enterprises with reliable, 24/7 access to global payments, integrating stablecoins and utility tokens to streamline cross-border operations.
How Does N3XT Address Challenges in Global B2B Transactions?
N3XT tackles inefficiencies in traditional global transactions, where processes often span days due to multiple approvals, time zone differences, and intermediary involvement. By leveraging blockchain, the platform enables instant, programmable payments using cryptocurrencies, reducing settlement times to minutes. According to N3XT’s announcement, this approach has been tested in sectors like crypto, shipping, logistics, and foreign exchange, proving its viability for high-volume international transfers. Expert insights from financial analysts underscore that such innovations could cut transaction costs by up to 80%, based on blockchain efficiency studies from sources like the World Economic Forum. The system’s permissionless nature allows businesses to schedule and execute payments without centralized gatekeepers, enhancing reliability and control.
Frequently Asked Questions
What Makes N3XT’s Narrow Bank Different from Traditional Banks?
N3XT’s narrow bank differs by focusing solely on deposits and payments, avoiding lending to minimize risk, with full backing by liquid assets. It integrates blockchain for 24/7 crypto transactions, unlike traditional banks limited by operating hours and slower settlement. This setup supports B2B needs in a digital economy, as confirmed by N3XT’s press release.
How Will N3XT’s Platform Impact Cross-Border Payments?
N3XT’s platform will transform cross-border payments by enabling instant, low-cost transfers via stablecoins and tokens, operating around the clock without geographic restrictions. This addresses delays from time zones and approvals, making global trade more efficient for businesses. As Alana Palmedo from Paradigm notes, the finance industry is shifting to internet-native models for seamless, always-on services.
Key Takeaways
- Secure Backing Mechanism: Every deposit is matched one-to-one with cash or U.S. Treasuries, ensuring stability in a volatile crypto landscape.
- Sector-Specific Applications: Proven in crypto, logistics, and forex, the platform supports diverse industries with tailored blockchain solutions.
- Investor Confidence: Backed by firms like Paradigm and Winklevoss Capital, N3XT signals strong potential for institutional adoption—consider integrating similar tech for your operations.
Conclusion
In summary, N3XT’s blockchain-powered narrow bank represents a pivotal step in merging traditional finance with decentralized technology, offering secure B2B transactions through integrated stablecoins and utility tokens. As global business demands faster, more reliable payments, platforms like N3XT’s address key pain points while maintaining regulatory compliance under Wyoming’s charter. With stablecoin supplies hitting record highs and similar initiatives emerging in Europe and Japan, the future of cross-border finance looks increasingly blockchain-driven—businesses should evaluate these tools to stay competitive in the evolving digital economy.
Blockchain-powered banking institution N3XT has launched a narrow bank in the U.S. The bank will utilize a decentralized and permissionless blockchain technology to facilitate B2B transactions.
The bridge between traditional finance and decentralized technology is shrinking as banking institutions explore blockchain technology. N3XT recently launched its U.S.-based blockchain-powered “narrow banking” platform to facilitate B2B transactions.
The bank’s financial model will focus strictly on customer deposits and payment services, while investing in low-risk, liquid assets. N3XT said it will not offer any lending services and claims that every dollar of deposits will be backed by cash or short-term U.S. treasuries in a one-to-one ratio.
N3XT rolls out crypto banking platform for business transactions
Wyoming is leading the way in securing America’s leadership in financial innovation.
Digital assets give us the freedom to make instant, 24/7 transactions. N3XTinc is building the future of finance, and it all starts in the Cowboy State.
🔗 pic.twitter.com/gt2OoW33gK— Senator Cynthia Lummis (SenLummis) December 4, 2025
According to a press release, the banking platform will operate globally under a Wyoming Special Purpose Depository Institution charter. The bank’s blockchain will integrate stablecoins, utility tokens, and other cryptocurrency assets to offer a range of cryptocurrencies for its customers. Businesses will be able to schedule international crypto payments on the N3XT platform.
The bank aims to address the challenges facing global business transactions. The usual channels typically require multiple approvals from different players, extending the process for days due to differences in time zones, according to the announcement.
The announcement also detailed that N3XT has been rolled out as a proven concept for companies in crypto, shipping and logistics, foreign exchange, and other sectors. The company stated that it secured three rounds of financing from leading companies and major investors, including Potenza Capital, Paradigm, Pharsalus, Reciprocal Ventures, Winklevoss Capital, HACK VC, Future Perfect Ventures, and Jesselson Capital.
Jeffrey Wallis, CEO & President of N3XT, commented on the innovation, stating that money should move effortlessly, just like information. He also added that N3XT is incorporating crypto innovations into the banking industry to facilitate high-speed, programmable transactions for institutional clients.
He explained that the N3XT platform will provide enterprises with 24/7 control and reliability, enabling them to capitalize on the global economy.
Alana Palmedo, Managing Partner of Paradigm, an investor in N3XT, also reflected on the banking platform, stating that the financial industry is transitioning to be “internet native,” serving globally around the clock instead of adhering to traditional working hours.
European banks join hands to unveil euro-pegged stablecoin
N3XT is not the only banking institution exploring blockchain technology as a means of powering cross-border payments and transactions. Cryptopolitan recently reported that ten European banks partnered in a collaborative effort called Qivalis aimed at deploying a euro-pegged stablecoin for 24/7 cross-border corporate payments and settlement processes.
These banks include KBC, BNP Paribas, ING, UniCredit, SEB, Danske Bank, Banca Sella, DekaBank, CaixaBank, and Raiffeisen Bank International. According to an announcement by BNP Paribas, the alliance aims to obtain an electronic money institution license and is preparing to launch the stablecoin in the second half of 2026.
Japan also joined the stablecoin development race by giving large banks the green light to jointly develop. The country’s Financial Services Agency has announced that it will support the development of stablecoins in three of Japan’s largest banks. MUFG said in a release that Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group will jointly issue stablecoins, which will be tested for use in cross-border payments.
Japanese multinational conglomerate Sony Bank has also announced plans to roll out a dollar-backed stablecoin, which will be used to pay for games, anime, and digital subscriptions across Sony’s ecosystem. The stablecoin will operate across time zones to facilitate instant payment solutions for Sony’s business operations and be backed by stable, safe assets, such as government bonds.
Data from the blockchain analytics platform Token Terminal shows that stablecoin supply is currently at an all-time high of $294.868 billion across major networks, including Ethereum, Tron, Solana, and Polygon, among others.
