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N3XT launches bank-issued tokenised US dollar
22 April 2026 US
Image: Who_is_Danny/stock.adobe.com
N3XT, a blockchain-powered narrow bank, has introduced the N3XT Digital Dollar (NDD), a bank-issued tokenised deposit, enabling real-time US dollar settlement across global markets.
According to N3XT, every NDD is backed one-to-one by cash or short-term US Treasuries, intended to combine the speed and configurability of blockchain with the compliance and safety of a fully regulated bank.
NDD is issued under N3XT’s Wyoming Special Purpose Depositary Institution charter, which allows the firm to provide services for crypto assets under a regulated, full-reserve banking framework.
The tokenised deposit also aims to address the desire of institutions to settle payments cross-border, regardless of time zone, by being available 24/7/365, and reducing reliance on traditional banking hours.
NDD also offers transparent reserves, programmable payments, and bank-layer controls for the investigation of potentially fraudulent transactions, among others.
Speaking on the launch, N3XT president and CEO, Jeffrey Wallis, says: “The N3XT Digital Dollar brings regulated US 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.
“Businesses shouldn’t have to choose between the speed and innovation of blockchain and the security of regulated banking.”
N3XT says NDD is already available to approved clients, and launches in collaboration with Blockchain.com, Five Bells, FRNT Financial, Halborn, Kraken, Ripple Prime, Utila, Zodia Markets, and others.
According to N3XT, every NDD is backed one-to-one by cash or short-term US Treasuries, intended to combine the speed and configurability of blockchain with the compliance and safety of a fully regulated bank.
NDD is issued under N3XT’s Wyoming Special Purpose Depositary Institution charter, which allows the firm to provide services for crypto assets under a regulated, full-reserve banking framework.
The tokenised deposit also aims to address the desire of institutions to settle payments cross-border, regardless of time zone, by being available 24/7/365, and reducing reliance on traditional banking hours.
NDD also offers transparent reserves, programmable payments, and bank-layer controls for the investigation of potentially fraudulent transactions, among others.
Speaking on the launch, N3XT president and CEO, Jeffrey Wallis, says: “The N3XT Digital Dollar brings regulated US 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.
“Businesses shouldn’t have to choose between the speed and innovation of blockchain and the security of regulated banking.”
N3XT says NDD is already available to approved clients, and launches in collaboration with Blockchain.com, Five Bells, FRNT Financial, Halborn, Kraken, Ripple Prime, Utila, Zodia Markets, and others.
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