PANews reported on December 5th that, according to CoinDesk, Crunchbase data shows that blockchain-based bank N3XT has completed three rounds of financing, raising a total of $72 million, with the most recent round completed in October. The company has received backing from several venture capital firms, including Paradigm, HACK VC, and Winklevoss Capital.

Previously, it was reported that a former Signature Bank executive founded N3XT, a blockchain-based bank . N3XT was founded by Scott Shay, the founder and former chairman of Signature Bank. Jeffrey Wallis, formerly the head of digital asset and Web3 strategy at Signature Bank, will serve as the CEO of N3XT.