N3XT unveils blockchain bank to facilitate cross-border B2B transactions
The post N3XT unveils blockchain bank to facilitate cross-border B2B transactions appeared on BitcoinEthereumNews.com.
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.🔗https://t.co/me3Yrw3tED 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,…
