The blockchain-based bank N3XT has raised a total of $72 million in three rounds of financing, with participation from Paradigm and others

According to CoinDesk, the 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 support from several venture capital firms, including Paradigm, HACK VC, and Winklevoss Capital. Previously reported, former Signature Bank executives founded the blockchain-based bank N3XT, which was established by Scott Shay, the founder and former chairman of Signature Bank. Jeffrey Wallis, who previously served as the Director of Digital Assets and Web3 Strategy at Signature Bank, will take on the role of CEO at N3XT.