N3XT Digital Dollar, announced at Money 20/20 Asia, delivers regulated, always-on USD settlement with full-reserve backing and institutional-grade infrastructure
N3XT, the blockchain-powered narrow bank built for instant, programmable B2B payments, today announced the launch of the N3XT Digital Dollar (NDD), a bank-issued tokenized deposit that enables real-time U.S. dollar (USD) settlement across global markets. Every NDD is backed one-to-one by cash or short-term U.S. Treasuries, combining the speed and programmability of blockchain with the safety and oversight of a fully regulated bank.
The launch of the N3XT Digital Dollar was officially announced at Money 20/20 Asia, currently being held in Bangkok, Thailand.
NDD addresses a critical gap in global payments infrastructure. Businesses operating across time zones and borders can now settle USD transactions instantly, 24/7/365, reducing payment delays, improving liquidity management, and eliminating reliance on traditional banking hours. The platform is designed to support institutions across the globe from day one.
“The N3XT Digital Dollar brings regulated U.S. dollar banking onto blockchain rails, enabling institutions to transact globally in real time while maintaining the safety and control of a fully reserved bank deposit,” said N3XT President and CEO Jeffrey Wallis. “Businesses shouldn’t have to choose between the speed and innovation of blockchain and the security of regulated banking. This is the infrastructure businesses need to operate in the 24/7 global economy.”
NDD is available now to approved N3XT clients and launches with the collaboration of companies including Blockchain.com, Five Bells, FRNT Financial Inc., Halborn, Kraken, Ripple Prime, Utila, and Zodia Markets, demonstrating seamless adoption across institutional workflows. Institutions can onboard NDD directly into their enterprise systems through N3XT’s API-first platform via N3XT’s website, subject to approval processes.
NDD extends N3XT’s existing regulated banking infrastructure further onto blockchain networks, allowing institutions to hold, transfer, and program U.S. dollars with the speed and flexibility of digital assets while maintaining the safety, certainty, and regulatory oversight of a bank deposit. N3XT has filed a patent application for NDD’s underlying technology and architecture.
Issued under N3XT’s Wyoming Special Purpose Depository Institution charter, NDD is not a stablecoin. It is a direct one-to-one digital representation of U.S. dollar deposits at a regulated bank. Every NDD is backed by cash or short-term U.S. Treasuries within a full-reserve framework. N3XT does not lend, reducing the risks associated with fractional-reserve banking, including liquidity constraints and potential delays in accessing funds.
Among the primary benefits of the NDD are:
- Instant Settlement: Real-time U.S. dollar payments that settle immediately, 24/7/365
- Full-Reserve Security: Every dollar of deposits backed one-to-one by cash or short-term U.S. Treasuries
- Verified and Screened Network: All wallets undergo onboarding, screening, and ongoing risk monitoring, reducing exposure to illicit activity
- Transparent Reserves: Full visibility into reserve holdings backing all issued NDD
- Institutional-Grade Infrastructure: Built within a regulated banking framework to meet enterprise compliance and operational requirements
- Recovery and Resolution: Bank-layer controls enable investigation and resolution of erroneous or fraudulent transactions
- Programmable Payments: API-driven infrastructure to automate and embed payment flows directly into client operations
- Global Accessibility: Designed to support institutions operating across regions and time zones
N3XT launched in December 2025 and facilitates U.S. dollar payments 24 hours a day, 365 days a year. With instant settlement and a fully regulated, blockchain-powered architecture, N3XT reduces credit and counterparty risk while enabling more efficient use of working capital. Every dollar of deposits is backed one-to-one by cash or short-term U.S. Treasuries.
Notes to Editors
Quotes from N3XT Collaborators
Anthony Magliacca, Co-Founder, Five Bells: "We believe N3XT is thinking about blockchain the right way: using it to modernize core banking infrastructure rather than rebuilding it from scratch. Their approach to delivering efficiency and real-time settlement in a regulated framework is something we haven’t seen executed at this level before. Five Bells is excited to partner with them as they bring the N3XT Digital Dollar on-chain.”
Gabi Urrutia, SVP Security & Field CISO, Halborn: "We congratulate N3XT on the successful launch of the N3XT Digital Dollar. Supporting innovative leaders across technology and finance in delivering transformative solutions securely is central to our mission, and we have worked closely with the N3XT team to help achieve this milestone. We look forward to continuing our collaboration and are well-positioned to support additional projects leveraging NDD as part of their services.”
Gurpreet Oberoi, Head of Kraken Institutional, Kraken: “N3XT is showing how institutions can put public blockchain infrastructure to practical use. Blockchain is proving its value far beyond individual transactions, enabling programmable, instant settlement at the business level that can help reshape how money moves through the global economy."
Michael Higgins, International CEO, Ripple Prime: “As institutional capital increasingly moves on-chain, the capabilities of blockchain-powered narrow banks like N3XT will be instrumental in providing access to tokenized collateral and 24/7 settlement functionality. We're excited to integrate the N3XT Digital Dollar into our offering as a new asset option for clients in addition to existing stablecoins like RLUSD, and assets like XRP.”
Bentzi Rabi, Co-Founder & CEO, Utila: “A fully reserved, bank-issued digital dollar carries fundamentally different weight with institutional treasuries and compliance teams than other stablecoin alternatives - and that's why we're proud to make NDD available for Utila's clients from day one. This partnership is a natural fit, with N3XT bringing regulated digital dollars to market and Utila providing the institution-ready platform that lets organizations send, receive, convert, store, and control them with the compliance and operational frameworks they require.”
Nick Philpott, Chief Operating Officer and Co-Founder, Zodia Markets: “Once you strip away the jargon, the cults of personality, the memes and all the other distractions that digital assets encumber themselves with, what this market represents is the migration of finance to the open internet. This is a path that many other industries have followed, including film, music, and journalism. N3XT's new Digital Dollar, the NDD, is a notable step along this path, introducing one of the world's first compliant bank accounts on a public chain. Zodia Markets is proud to support it and looks forward to deepening its collaboration with N3XT.”
About N3XT
N3XT is a 21st century bank built on blockchain technology that facilitates business-to-business, programmable payments in U.S. dollars instantaneously around the world, any hour of the day. We believe money should move as seamlessly as information, across any platform or border, transparently and without delay. Our mission is to liberate money by making payments programmable and immediate.
N3XT is advancing a new era of instant payments that empowers businesses to transact with confidence. With a long-term vision to modernize the financial system, we are building digital banking that is safe, easy and lightning fast.
For more information, visit www.n3xt.io
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