Ex-Signature Bank Executives Launch N3XT, A Blockchain-Powered Bank Focused on Instant Payments

A group of former executives from Signature Bank, a crypto-focused bank that collapsed in the 2023 US banking crisis, have launched a new blockchain-based financial institution called N3XT. This venture aims to revolutionize payments with instant settlements and programmable transactions powered by private blockchains. The company states its systems are designed for seamless integration with stablecoins, utility tokens, and other digital assets.