N3XT Launches Tokenized U.S. Dollar for Instant Transaction Settlement on Blockchain

N3XT has announced the launch of the N3XT Digital Dollar (NDD), a bank-issued tokenized deposit that enables real-time U.S. dollar settlement across global markets. The digital dollar is backed by cash or short-term U.S. Treasuries and addresses a critical gap in global payments infrastructure.

The NDD is available now to approved N3XT clients and launches with the collaboration of companies including Blockchain.com, Five Bells, FRNT Financial Inc., Halborn, Kraken, Ripple Prime, Utila, and Zodia Markets. The platform is designed to support institutions across the globe from day one.

The launch of the NDD was officially announced at Money 20/20 Asia, currently being held in Bangkok, Thailand. According to N3XT President and CEO Jeffrey Wallis, 'The N3XT Digital Dollar brings regulated U.S. dollar banking onto blockchain rails, enabling institutions to transact globally in real time while maintaining the safety and control of a fully reserved bank deposit.'