Episode 53 - Full Reserve Banking, Blockchain Settlement, and the Search for Truth with Scott Shay of N3XT
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YouTube YouTube Spotify Spotify Apple Podcasts Apple Podcasts Amazon Music Amazon Music Audible Audible Castbox Castbox Castro Castro Deezer Deezer Goodpods Goodpods iHeartRadio iHeartRadio Pandora Pandora PlayerFM PlayerFM PocketCasts PocketCasts Podcast Addict Podcast Addict Podchaser Podchaser TuneIn TuneIn YouTube YouTube In this episode of The Treasury Whisperer’s Talkcast Podcast, host Seth Marlowe interviews Scott Shay, founder of N3XT (www.n3xt.io) and co-founder of Signature Bank, for a wide-ranging conversation on full reserve banking, blockchain-based settlement, programmable money, and the future of financial infrastructure. Scott explains how N3XT’s model differs from traditional fractional reserve banking, why 24/7 real-time movement of money can matter for corporate treasurers, and how use cases like intercompany funding, payroll, cross-border settlement, and working capital optimization could change with immediate finality. Seth and Scott also revisit Signature Bank, Signet, and the 2023 regional banking crisis before expanding into Scott’s work as an author on faith, conspiracy theories, antisemitism, academia, and the importance of grounding institutions in trust and truth.
Links:
Scott Shay on LinkedIn: https://www.linkedin.com/in/scott-shay/
Seth Marlowe on LinkedIn: https://www.linkedin.com/in/treasurywhisperer/
The Treasury Whisperer's Talkcast Podcast on LinkedIn: https://www.linkedin.com/company/treasury-whisperer%E2%80%99s-talkcast-podcast/
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N3XT
Scott is Founder of N3XT, a full-reserve bank with programmable real-time settlement. At N3xT, he is focused on helping shape the future of banking, payments, and financial infrastructure in a blockchain-based digital-first world. Scott was also the co-founder of Signature Bank, which grew from a startup commercial bank into one of the largest and most successful banking institutions in the United States, surpassing $100 billion in assets. During his time at Signature, Scott helped lead the development and launch of Signet as Signature's 24 by 7 blockchain-enabled payment network.
Scott has spent more than four decades building financial institutions and advancing innovation in commercial banking, payments, and digital assets. Beyond banking, he is also an accomplished author and thought leader. He has written 3 books - none of which are about banking or payments industry. His most recent book published in 2021 is entitled Conspiracy U: A Case Study, which examines how conspiracy theories, particularly those involving Zionism and antisemitism, can gain acceptance within academic institutions and influence public discourse.
