N3XT joins Clear Markets’ Collateralizer network as dollar custodian for crypto derivatives

Crypto markets never close. Banks, historically, close every evening and take weekends off. That mismatch is the problem N3XT and Clear Markets are trying to fix. On October 15, 2026, N3XT, a full-reserve narrow bank, joined Clear Markets’ Collateralizer network as a custodian for US dollar deposits. Institutions can now pledge dollars held at N3XT as margin for derivatives traded on Clear Markets’ swap execution facility, known as CMSEF. Those trades include swaps, options, and forwards. The pitch is simple: collateral that can move whenever the market moves, around the clock. How the setup works Clear Markets supplies the collateral-management technology. N3XT handles custody and programmable payments. Neither party holds client funds directly inside the other’s system. Clear Markets opened an account with N3XT to support collateral management for derivatives on its platform. CMSEF has been fully registered with the Commodity Futures Trading Commission since 2016. It serves institutional traders in digital-asset and crypto derivatives. Shawn Dorsch, President of Clear Markets, emphasized the safety benefit of keeping collateral at an independent bank custodian. The point is separ...