Yes. N3XT is a fully reserved, Wyoming-chartered special purpose depository institution with a banking charter. N3XT has a narrow, purpose-built model. We accept deposits and enable real-time B2B payments, but do not lend. All deposits are backed 1:1 by cash or ultra-short-term U.S. Treasuries.

Today’s payment infrastructure is not designed for a 24/7 digital economy.
Settlement delays create friction and introduce counterparty risk and duration mismatch. Businesses face slower access to working capital and higher exposure to operating risks.
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N3XT enables real-time, transparent, low-cost settlement for trusted B2B clients. The system provides continuous, programmable payments that reduce latency and improve capital efficiency. By minimizing settlement risk, N3XT lowers the need for credit and improves overall market function.

Unlike traditional banks, N3XT client's funds are backed 1:1 by cash or ultra-short-term U.S. Treasuries. In a wind-down scenario, all funds can be returned in full on the same day. N3XT does not participate in FDIC insurance because there is no need for a government backstop.

N3XT provides critical connective tissue for fiat movement into and out of stablecoin environments. N3XT will help regulated stablecoin issuers meet their compliance requirements. For businesses that don’t yet transact in stablecoins, we offer a familiar, USD-based 24/7 alternative. The platform is complementary to stablecoin innovation.

Wyoming’s SPDI framework provides a clear, enforceable regulatory structure. It is structurally safer and more transparent than the federal banking charter model, because of its focus on full-reserve requirements and no lending. At N3XT, all customer deposits are held in cash or short-term U.S. Treasuries. The SPDI model enables high regulatory standards without reliance on federal deposit insurance.