Exchanges· ★★★· neutral·

N3XT Joins Clear Markets' Collateralizer Network for 24/7 Dollar Derivatives Collateral

  • —N3XT is a Wyoming SPDI bank founded by Scott Shay and CEO Jeffrey Wallis
  • —Clear Markets acts as technology provider and never takes custody of client funds
  • —Dollars can back swaps, options and forwards on the CFTC-registered CMSEF venue
  • —Cash stays at the bank while firms meet margin calls nights and weekends
Why it matters: Always-on dollar collateral removes a key friction for institutions trading crypto derivatives outside banking hours.
Source: Unchained
More on this
DeFi · Oct 6
Arbitrum joins Paxos-led Global Dollar Network, launches USDG
 Exchanges · yesterday
BNY Brings 24/7 Dollar Settlement to Singapore Gulf Bank
 Exchanges · Sep 24
Bitget Joins Sygnum's Protect for Off-Exchange Collateral Custody