n3xt, Inc.

n3xt, Inc. is a financial technology company founded in 2023 by Jeffrey Wallis and Shayne S. Shay, with its headquarters located in Cheyenne, Wyoming. The firm operates as a full-reserve, state-chartered digital bank designed to facilitate instantaneous, around-the-clock business-to-business payments. The leadership team includes former executives from Signature Bank, who established the venture following the 2023 United States banking crisis to integrate blockchain-based speed and automation into mainstream financial operations. n3xt, Inc. functions under a Wyoming Special Purpose Depository Institution (SPDI) charter, ensuring that every dollar of deposits is backed one-to-one by cash or short-term U.S. treasuries. Business/Product Breakdown n3xt, Inc. provides a digital banking platform built on a private, permissioned blockchain that enables the settlement of transactions without reliance on external financial institutions for clearing. The platform utilizes an API-first architecture, allowing businesses to integrate programmable payment features directly into their existing operations via smart contracts. These contracts can be configured to execute and clear payments automatically when specific market or delivery conditions are met, which is particularly aimed at sectors such as shipping, logistics, and foreign exchange. For crypto-native participants, the environment is designed for interoperability with digital assets, enabling them to automate dollar-based deposits and withdrawals to optimize working capital. By providing immediate access to capital and reducing the need for traditional credit-based instruments like letters of credit, n3xt, Inc. aims to eliminate settlement delays and minimize counterparty risk in global commerce.