N3XT is a newly formed blockchain bank that aims to provide regulated banking and financial services tailored to digital assets and Web3 businesses. The venture was founded by Scott Shay, the founder and former chairman of Signature Bank, bringing traditional banking expertise to the crypto sector. Jeffrey Wallis, formerly Signature Bank’s head of digital asset and Web3 strategy, has been appointed as N3XT’s CEO. Although the company has not disclosed operating metrics such as user numbers or revenue, it has attracted significant investor interest early in its life. To date, N3XT has secured a total of $72 million across three funding rounds, capital the team intends to use to build its banking infrastructure, expand product offerings, and obtain the requisite regulatory approvals. The focus appears to be on bridging conventional banking standards with blockchain-native capabilities for institutional and retail clients.

Total raised

$72M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2025