Former Signature Bank executives launch blockchain-based bank
Former Signature Bank executives are launching a new blockchain-based bank focused on facilitating instant, around-the-clock U.S. dollar payments, nearly three years after the collapse of the New ​York-based bank known for serving cryptocurrency clients. The bank, called N3XT, was founded by Scott Shay, the ‌founder and former chairman of Signature Bank. Jeffrey Wallis, who was previously director of digital asset and Web3 strategy at Signature, will be ‌N3XT's CEO.