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Blockchain-Based Reserve Bank N3XT Raises $72 Million Led by Paradigm
12/05/2025, 16:07
AI SUMMARY
●N3XT secured $72 million in funding led by Paradigm, Hack VC, and Winklevoss Capital
●The project aims to build a blockchain-enabled reserve bank infrastructure
●Founder Scott Shay is a former founder of Signature Bank
N3XT, a blockchain-enabled reserve bank project, has successfully raised $72 million in a funding round. The investment was backed by prominent venture capital firms including Paradigm, Hack VC, and Winklevoss Capital.
The project is spearheaded by CEO Jeffrey Wallis and was founded by Scott Shay, who is also known for founding Signature Bank. The capital injection is intended to support the development of N3XT's on-chain banking infrastructure.