N3XT Joins Clear Markets’ Collateralizer Network for 24/7 Dollar Derivatives Collateral
Photo: Unchained
Institutions will be able to post U.S. dollars held at N3XT as margin for crypto derivatives that trade around the clock, after the Wyoming-chartered bank joined Clear Markets’ Collateralizer network as a dollar custodian, the companies said in an announcement shared exclusively with Unchained ahead of its Thursday release. N3XT launched in December 2025 under founder Scott Shay, the former chairman of Signature Bank, which collapsed in March 2023, and Jeffrey Wallis, now its CEO and president. It operates under Wyoming’s special purpose depository institution charter, which bars lending and requires liquid assets equal to 100% of deposits.
Source: Unchained
