# Clear Markets Opens Collateralizer Network to N3XT for 24/7 Dollar Collateral > Clear Markets adds N3XT as a U.S. dollar custodian on its Collateralizer network, letting institutions pledge bank-held dollars. - Published: 2026-10-15T10:26:54+00:00 - Section: Partnerships - Author: News Desk - URL: https://newsforagent.com/news/2026-10-15/clear-markets-n3xt-dollar-custody - Source: [PR Newswire](https://www.prnewswire.com/news-releases/clear-markets-and-n3xt-bring-247-us-dollar-custody-to-the-collateralizer-network-302909048.html) ## Key takeaways - N3XT joined Clear Markets' Collateralizer network as a custodian for U.S. dollar deposits, and Clear Markets is opening an account with N3XT. - Institutions can pledge dollars held at N3XT as collateral for 24/7 forwards, options and swaps traded on the CFTC-regulated CMSEF. - N3XT's programmable payments move between its accounts 24 hours a day, supporting margin movement alongside overnight and weekend derivatives trading. [Clear Markets](https://akta.pro/company-profiles/0002jte/clear-markets) and [N3XT](https://akta.pro/company-profiles/0000g2u/n3xt), a fully reserved, Wyoming-chartered U.S. bank, said on October 15, 2026 that N3XT has joined the Collateralizer network as a custodian for U.S. Dollar deposits, and that Clear Markets is opening an account with N3XT. [PR Newswire](https://www.prnewswire.com/news-releases/clear-markets-and-n3xt-bring-247-us-dollar-custody-to-the-collateralizer-network-302909048.html) carried the announcement. ## How the N3XT Custody Arrangement Works Under the arrangement, institutions can pledge USD held at N3XT, managed on Clear Markets' multi-custodian platform, as collateral for 24/7 transactions. Those include forwards, options and swaps traded on the Clear Markets Swap Execution Facility, funding for third-party exchanges, and security for borrowing. CMSEF is a CFTC-regulated swap execution facility for 24/7 institutional digital-asset and crypto derivatives trading on a single global order book. Collateralizer is Clear Markets' separate proprietary collateral-management service, connecting independent bank custodians for margin and collateral workflows. Bank clients pledge USD cash held at N3XT under agreed custody and collateral-control arrangements. N3XT provides cash custody and account-control agreements, while Clear Markets provides collateral management technology without taking custody of client funds. The pairing lets institutions allocate collateral and meet initial and variation margin calls as portfolio values change, while the dollars remain at an independent bank custodian. N3XT's programmable payments move between N3XT accounts 24 hours a day, seven days a week, supporting margin movement on the same clock as overnight and weekend trading in digital-asset and crypto derivatives. N3XT is a full-reserve digital bank built on a private, permissioned blockchain, and it never lends, with 100% of deposits backed 1:1 by cash and short-term U.S. Treasuries. The Block reported on August 19, 2026 that Scott Shay, founder of Signature Bank and creator of its Signet payments network, warned that large U.S. banks may adopt blockchain-based payment rails to capture market share from smaller rivals as digital assets enter mainstream finance. "Our goal is to make it easier for institutions to trade swaps and other derivatives while holding their collateral safely at an independent bank custodian," said Shawn Dorsch, President of Clear Markets. "Adding N3XT to the Collateralizer network gives clients a place for their dollar collateral and streamlines regulated swap execution, cash custody, and collateral management on digital rails." "Capital markets are moving toward an increasingly 24/7 environment, and institutions need dollar infrastructure that can move instantly and with the markets," said Jeffrey Wallis, Chief Executive Officer and President of N3XT. "By connecting our 24/7-dollar rails to the Clear Markets Collateralizer network, our clients can now use cash securely held at N3XT as collateral for institutional digital asset and real-world asset trading on-chain, with Clear Markets providing the collateral management technology." ## Clear Markets' Earlier Platform Launches According to akta.pro [company records](https://akta.pro/company-data), Clear Markets launched a Bitcoin/USD uncleared physically settled option on CM-SEF in June 2022, marking its entry into crypto derivatives ahead of the broader 2023 institutional rollout. In August 2022 it launched physically settled swaps, physically settled cross-currency swaps and physically settled options on the CM-SEF platform, expanding beyond interest rate swaps into broader OTC derivatives. In June 2023 it pioneered industry-first uncleared cryptocurrency options trades with SBI Alpha Trading, QCP Capital and Zodia Custody using blockchain-automated multi-custodian collateral on its regulated platform. The same records show total funding of $23.1 million across three rounds, the last a Series D in August 2018. ## What N3XT and Clear Markets Plan Next N3XT and Clear Markets said they continue to explore additional ways to put round-the-clock dollars to work across trading, collateral and settlement workflows. ## Companies in this story - [Clear Markets company profile](https://akta.pro/company-profiles/0002jte/clear-markets) · website: https://www.clear-markets.com - [N3XT company profile](https://akta.pro/company-profiles/0000g2u/n3xt) · website: https://n3xt.io --- News for Agent · https://newsforagent.com/llms.txt