Charlotte – October 15, 2026 -- Institutions can now pledge U.S. dollars held at a regulated bank as collateral for round-the-clock swaps trading, after Wyoming-chartered N3XT joined the Clear Markets Collateralizer® network as a custodian for USD deposits. Clear Markets is opening an account with N3XT as part of the arrangement.
The companies describe it as an industry first: USD held at N3XT and managed on Clear Markets' multi-custodian platform can secure 24/7 forwards, options and swaps traded on the Clear Markets Swap Execution Facility (CMSEF). The same collateral can also fund third-party exchanges and secure borrowing.
Collateral stays at an independent bank while Clear Markets supplies the technology
N3XT, a fully reserved bank, provides cash custody and account-control agreements. Clear Markets supplies collateral management technology and does not take custody of client funds. Clients pledge USD under agreed custody and collateral-control arrangements.
Institutions can allocate collateral and meet initial and variation margin calls as portfolio values change, while the dollars remain at the custodian.
CMSEF runs a CFTC-regulated, single global order book for crypto derivatives
CMSEF is a CFTC-regulated swap execution facility for 24/7 institutional digital-asset and crypto derivatives trading. Collateralizer® is a separate proprietary Clear Markets service that connects independent bank custodians for margin and collateral workflows.
N3XT's programmable payments move margin 24 hours a day, seven days a week
Payments between N3XT accounts settle around the clock. That puts margin movement on the same clock as overnight and weekend trading in digital-asset and crypto derivatives.
Shawn Dorsch, President of Clear Markets, said the goal is to make it easier for institutions to trade swaps and other derivatives while holding collateral at an independent bank custodian.
N3XT CEO and President Jeffrey Wallis said clients can now use cash held at N3XT as collateral for institutional digital-asset and real-world-asset trading on-chain.
N3XT and Clear Markets are exploring further uses for round-the-clock dollars across trading, collateral and settlement workflows.