N3XT
N3XT operates the first U.S. blockchain-powered bank, chartered in Wyoming as a Special Purpose Depository Institution, providing institutional B2B clients with 24/7 programmable USD payments, a bank-issued tokenized deposit (NDD), and API-first settlement via a private permissioned blockchain.
- Company typePrivate
- Founded2023
- HeadquartersCharlotte, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What N3XT does
N3XT (legal entity: n3xt inc, Delaware-incorporated) operates the first fully blockchain-powered bank chartered in the United States under Wyoming's Special Purpose Depository Institution (SPDI) framework. The bank is headquartered in Cheyenne, Wyoming for regulated operations and Charlotte, North Carolina for the corporate entity, and is run as a remote-first organization of 46+ employees. Its core offering is a full-reserve narrow bank that operates on a private, permissioned blockchain and enables 24/7/365 instant, programmable USD B2B payments via an API-first architecture. All deposits are held 1:1 in cash or short-term U.S. Treasuries with daily-published reserve holdings, and the bank is explicitly barred from lending.
The platform's flagship products are the N3XT Bank Platform itself, the N3XT Platform API for embedding programmable payments into enterprise systems, a two-step KYB/KYC Account Application Portal, and — launched April 2026 — the N3XT Digital Dollar (NDD), a bank-issued tokenized deposit enabling real-time USD settlement on a public blockchain within a closed-loop network of KYC/KYB-verified counterparties holding on-chain Identity Passport NFTs. Day-one distribution is anchored by integrations with Fireblocks, Zodia Markets, YouHodler, Kraken Institutional, Ripple Prime, Utila, Blockchain.com, Five Bells, FRNT Financial, and Halborn.
N3XT monetizes via transaction fees on institutional B2B payments flowing through its regulated USD rails and usage-based fees on NDD tokenized-deposit settlement, with quote-based institutional pricing and no publicly disclosed fee schedule. Its primary customer segments are institutional B2B clients operating in crypto and digital-asset platforms, foreign exchange, and cross-border shipping/logistics; secondary segments include financial institutions, treasury managers, and merchants needing a unified stablecoin-to-USD settlement layer. Go-to-market is hybrid: API-first embed into partner platforms, sales-led enterprise onboarding (with ~5 business-day compliance turnaround), and channel-driven distribution via custodians and digital-asset platforms.
N3XT firmographics
Firmographics- Name
- N3XT
- Legal name
- n3xt inc
- Website
- https://n3xt.io
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- N3XT operates the first U.S. blockchain-powered bank, chartered in Wyoming as a Special Purpose Depository Institution, providing institutional B2B clients with 24/7 programmable USD payments, a bank-issued tokenized deposit (NDD), and API-first settlement via a private permissioned blockchain.
- Ownership category
- akta.pro rank
N3XT industry classification
Industry- Product category
- B2B Payments & Digital Banking Infrastructure
- NAICS
- Depository Credit Intermediation (5221), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- State Commercial Banks (6022), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)
- akta.pro secondary industries
- On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD), Tokenized Bank Deposit & Commercial Bank Money Issuers (FSADADAB), Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting) (FSAPAIAH)
Keywords
Where N3XT is headquartered
LocationHeadquarters
- HQ city
- Charlotte
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
N3XT business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Institutional B2B Payment Fees: N3XT generates revenue by facilitating instant, programmable USD B2B payments for verified institutional clients on its permissioned blockchain; client accounts are onboarded via a KYB/KYC application process, and the bank monetizes transactions flowing through its regulated USD rails and NDD tokenized deposits. Specific fee schedule is not publicly disclosed.
- Tokenized Deposit & Stablecoin Settlement Fees: Revenue from issuing and operating the N3XT Digital Dollar (NDD) tokenized deposits and providing 24/7 USD settlement between stablecoins (e.g., USDC, USDT) and USD for institutional counterparties via partners such as Zodia Markets, Fireblocks, YouHodler, Kraken Institutional, Ripple Prime, and Utila.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | — | Quote-based institutional pricing; no public fee schedule. |
Go-to-market motion4 records
Distribution channels3 records
Marketing channels6 records
N3XT product offering
Product offeringCore offering
N3XT operates a Wyoming-chartered Special Purpose Depository Institution (SPDI) narrow bank on a private, permissioned blockchain that delivers 24/7/365 programmable, real-time USD B2B payments for verified institutional clients. The platform is full-reserve (1:1 backed by cash or short-term U.S. Treasuries, with securities published daily), does not lend, and is accessed via an API-first architecture with smart-contract automation. Built on top of this regulated banking infrastructure is the N3XT Digital Dollar (NDD), a bank-issued tokenized deposit that extends programmable USD settlement onto public blockchains inside a closed-loop, KYC/KYB-verified network using on-chain Identity Passports.
Product overview
N3XT offers a single integrated platform anchored by its blockchain-powered narrow bank (the N3XT Bank Platform), which is a full-reserve, Wyoming-chartered Special Purpose Depository Institution. The core bank enables instant, programmable 24/7/365 B2B USD payments via a private permissioned blockchain and an API-first Platform API that supports onboarding through a dedicated KYB/KYC Account Application Portal. Built on top of this regulated banking infrastructure is the N3XT Digital Dollar (NDD), a bank-issued tokenized deposit that extends the platform's programmable USD settlement onto public blockchains within a KYC/KYB-verified, closed-loop network. Together, the N3XT Bank Platform, the NDD tokenized deposit, the N3XT Platform API, and the KYB/KYC Onboarding portal form a unified architecture for regulated, programmable B2B payments.
Differentiator
Problem solved
Functional benefit
Brands
- N3XT Digital Dollar (NDD): Bank-issued tokenized deposit product enabling real-time U.S. dollar settlement 24/7/365, backed one-to-one by cash or short-term U.S. Treasuries and issued under N3XT's Wyoming SPDI charter.
Products and services
- N3XT Bank Platform Full-reserve Wyoming-chartered Special Purpose Depository Institution (SPDI) narrow bank operating on a private, permissioned blockchain that enables 24/7/365 instant, programmable B2B USD payments for verified institutional clients. Backed 1:1 by cash or short-term U.S. Treasuries (portfolio published daily), with no lending, KYC/KYB-verified counterparties, and API-first integration into enterprise systems.
- N3XT Digital Dollar (NDD) Bank-issued tokenized deposit on a public blockchain that is a direct digital representation of a regulated U.S. dollar deposit at N3XT. Each NDD is backed 1:1 by cash or short-term U.S. Treasuries and enables real-time, programmable USD settlement within a closed-loop, KYC/KYB-verified network using on-chain Identity Passports. Distinct from a stablecoin because it is a regulated bank deposit represented on-chain.
- N3XT Platform API API-first integration layer that lets institutions embed N3XT's regulated USD banking, programmable B2B payments, and NDD tokenized-deposit capabilities directly into their enterprise systems, treasury workflows, and partner platforms. Supports MFA, custom SSO, Google/Microsoft OAuth, magic links, and TLS 1.2+ encryption for automation of payment flows.
Quantifiable outcome
- 24/7/365 instant USD settlement eliminating 1-3 day legacy bank delays
- +2 more outcomes
Companies that use N3XT
Customer profileSegments5 records
Ideal customer profiles3 records
N3XT technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
Feature6 records
N3XT partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core — launch collaborator for the ndd tokenized dollar., core — launch collaborator; provided public endorsement., core — security collaborator for the ndd launch., flagship — institutional distribution partner via kraken institutional., flagship — ripple prime plans to integrate ndd alongside rlusd and xrp as a client asset option., core — day-one distribution partner for ndd., flagship — ndd launch collaborator and dedicated institutional ecosystem partner., flagship — strategic partnership for institutional stablecoin settlement in europe and argentina. and flagship — first institution to enable usd payments within fireblocks since signet..
- Blockchain.comcore — launch collaborator for the ndd tokenized dollar.Listed as a launch collaborator demonstrating seamless adoption of the N3XT Digital Dollar across institutional workflows at the April 2026 NDD launch.
- Five Bellscore — launch collaborator; provided public endorsement.Listed as an NDD launch collaborator. Co-Founder Anthony Magliacca publicly endorsed N3XT's regulated, blockchain-based approach to delivering efficiency and real-time settlement.
- FRNT Financial Inc.core — launch collaborator for the ndd tokenized dollar.Listed as a launch collaborator demonstrating institutional adoption of the N3XT Digital Dollar at the April 2026 launch.
- Halborncore — security collaborator for the ndd launch.Security collaborator for the NDD launch. Halborn SVP Security & Field CISO Gabi Urrutia publicly confirmed working closely with the N3XT team to help achieve the launch milestone and position Halborn to support additional projects leveraging NDD.
- Krakenflagship — institutional distribution partner via kraken institutional.Listed as an NDD launch collaborator. Head of Kraken Institutional Gurpreet Oberoi publicly endorsed N3XT's approach to using public-blockchain infrastructure for programmable, instant settlement at the business level.
- Ripple Primeflagship — ripple prime plans to integrate ndd alongside rlusd and xrp as a client asset option.Listed as an NDD launch collaborator. Ripple Prime International CEO Michael Higgins publicly stated plans to integrate the N3XT Digital Dollar into Ripple Prime's offering as a new asset option for clients alongside existing stablecoins like RLUSD and assets like XRP.
- Utilacore — day-one distribution partner for ndd.Listed as an NDD launch collaborator making NDD available to Utila's institutional clients from day one. Utila Co-Founder & CEO Bentzi Rabi publicly framed NDD as a fully reserved, bank-issued digital dollar carrying fundamentally different weight for institutional treasuries and compliance teams.
- Zodia Marketsflagship — ndd launch collaborator and dedicated institutional ecosystem partner.Partnership to enable 24/7 real-time USD settlement across Zodia Markets' institutional digital-asset ecosystem, including hedge funds and asset managers. Allows clients to transfer dollar-denominated stablecoins and settle into USD instantly, addressing liquidity and settlement delays caused by traditional banking hours. Service initially available to all Zodia clients, with deeper API integration planned later in 2026.
- YouHodlerflagship — strategic partnership for institutional stablecoin settlement in europe and argentina.Strategic partnership enabling YouHodler enterprise users to access N3XT's 24/7 stablecoin-based USD payment infrastructure, allowing instantaneous transactions that bypass traditional banking settlement delays. The collaboration connects YouHodler's crypto-collateral management environment with N3XT's always-on regulated dollar infrastructure, targeting institutional-grade stablecoin settlement across Europe and Argentina.
- Fireblocksflagship — first institution to enable usd payments within fireblocks since signet.Strategic collaboration announced January 29, 2026 (article dated February 17, 2026) embedding N3XT's regulated, always-on USD banking infrastructure directly into the Fireblocks platform. Fireblocks users can select N3XT from a dropdown menu and initiate USD payments without leaving the Fireblocks dashboard. N3XT is the first institution to enable USD payments within Fireblocks since Signet.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
N3XT competitors and assessment
Company assessmentDirect peers
- Paxos: Paxos is a regulated blockchain infrastructure platform that issues tokenized USD products (including PayPal's PYUSD) and provides custody and settlement rails. It competes directly with N3XT in regulated tokenized USD issuance and institutional on-chain settlement services.
- Anchorage Digital: Anchorage Digital is a federally chartered crypto bank (OCC trust charter) offering custody, settlement, and payment services to institutional digital-asset firms. It competes with N3XT for institutional B2B payment and treasury rails with a different (federal trust) charter structure.
- Ripple (RLUSD): Ripple issues RLUSD, a USD-pegged stablecoin, and operates Ripple Prime as an institutional prime brokerage — both an NDD distribution partner and a direct competitor in regulated on-chain USD for institutional payments and treasury.
- Circle (USDC issuer): Circle issues USDC, the largest regulated dollar stablecoin by circulation, and is a direct competitor to N3XT's NDD for institutional on-chain USD usage. Circle has applied for a national trust charter and competes head-to-head with N3XT for the same B2B payment and treasury use cases.
- Custodia Bank (formerly Avanti): Custodia Bank is a Wyoming-chartered SPDI narrow bank focused on serving digital-asset businesses with regulated custody and payments — directly comparable to N3XT's SPDI narrow-bank model, full-reserve structure, and crypto-native B2B client focus. Both pursue the same Wyoming SPDI charter pathway to offer bank-grade USD rails to digital-asset firms.
- Tassat (formerly Tassat Pay): Tassat is a blockchain-based real-time B2B payment network that previously employed N3XT CTO Aurélien Bonnel. It offers regulated, 24/7 USD B2B payments using its TassatPay rails, making it a direct functional peer in programmable, on-chain USD settlement for institutional clients.
- Kraken Financial (Wyoming SPDI): Kraken Financial is a Wyoming-chartered SPDI that provides digital-asset banking services to Kraken's institutional client base. Like N3XT, it operates under Wyoming's narrow-bank framework, though it is embedded inside the broader Kraken exchange.
Broad incumbents
- Fireblocks: Fireblocks is the leading institutional digital-asset custody and transfer platform — both a flagship N3XT distribution partner (N3XT is selectable from a Fireblocks dropdown) and a broader incumbent in institutional digital-asset infrastructure that competes for adjacent wallet, custody, and settlement workloads.
Emerging players
- Utila: Utila is an institutional digital-asset operations platform offering custody, wallet, and payment infrastructure. It is both a day-one N3XT distribution partner for NDD and an emerging competitor in adjacent institutional on-chain treasury and payment workflows.
- Zodia Markets: Zodia Markets is an institutional digital-asset trading platform serving hedge funds and asset managers, with which N3XT partnered in April 2026 for 24/7 USD settlement. It is both a flagship N3XT partner and a comparable emerging player in bridging institutional crypto trading with regulated USD banking.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
N3XT social profiles
Digital presenceN3XT compliance and trust
Trust signalCompliance3 records
N3XT financial estimates
Financial estimateRevenue estimate
Valuation estimate
N3XT leadership team
Management profileNumber of profiles
Profiles10 records
N3XT funding detail
Funding detailFunding overview
Funding rounds5 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
N3XT M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about N3XT
What does N3XT do?
N3XT operates a Wyoming-chartered Special Purpose Depository Institution (SPDI) narrow bank on a private, permissioned blockchain that delivers 24/7/365 programmable, real-time USD B2B payments for verified institutional clients. The platform is full-reserve (1:1 backed by cash or short-term U.S. Treasuries, with securities published daily), does not lend, and is accessed via an API-first architecture with smart-contract automation. Built on top of this regulated banking infrastructure is the N3XT Digital Dollar (NDD), a bank-issued tokenized deposit that extends programmable USD settlement onto public blockchains inside a closed-loop, KYC/KYB-verified network using on-chain Identity Passports.
Is N3XT a public or private company?
N3XT is a private company. It is classified as venture growth investor backed and is currently operating.
When was N3XT founded?
N3XT was founded in 2023. It employs 11 to 50 people.
Where is N3XT based?
N3XT is headquartered in Charlotte, United States, in the North America region.
How does N3XT make money?
Two revenue lines are on record. Institutional B2B Payment Fees are the primary driver. The others are tokenized Deposit & Stablecoin Settlement Fees.
Who are N3XT's main competitors?
Direct peers on record are Paxos, Anchorage Digital, Ripple (RLUSD), Circle (USDC issuer), Custodia Bank (formerly Avanti), Tassat (formerly Tassat Pay) and Kraken Financial (Wyoming SPDI). Fireblocks is listed as a broad incumbent. Emerging players are Utila and Zodia Markets.
Does N3XT have an API?
Yes. N3XT offers an API-first platform that enables institutions to embed N3XT's regulated, real-time USD banking and N3XT Digital Dollar (NDD) tokenized deposit capabilities directly into their own operational and treasury workflows. The API is used to automate programmable B2B payment flows, onboard NDD into enterprise systems, and integrate with platforms such as Fireblocks and Zodia Markets. Authentication supports MFA (enabled by default), custom SSO, Google and Microsoft OAuth, and magic links; all data in transit is encrypted with TLS 1.2+. Developer documentation is at helpcenter.n3xt.io.
What industry is N3XT in?
N3XT's product category is B2B Payments & Digital Banking Infrastructure. Its primary akta.pro industry code is FSAPAIAJ, Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails), with a secondary code of FSAGAMAD, On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury). Its NAICS code is 5221 and its SIC code is 6022.