Clear Markets and N3XT Bank partner to enable 24/7 U.S. dollar collateral management, allowing institutional clients to leverage bank deposits for continuous trading on a regulated swap execution facility.
Clear Markets announced a partnership with N3XT to enable 24/7 U.S. dollar custody on its Collateralizer Network, expanding its collateral management services.
N3XT, a Wyoming-chartered U.S. bank, joined Clear Markets' Collateralizer Network to allow clients to pledge dollar deposits as collateral for 24/7 trades.
Clear Markets and Wyoming-chartered N3XT Bank have launched a partnership to integrate U.S. dollar custody into the Collateralizer Network. This collaboration allows institutional clients to pledge dollar deposits as collateral for 24/7 trading activities on Clear Markets' regulated swap execution facility.
The partnership enables institutional clients to pledge U.S. dollar deposits held at N3XT as collateral for 24/7 trading on Clear Markets' regulated swap execution facility.