51 Insights

51 Insights

CEO Notes

A Wyoming Bank Beat JPMorgan Out the Door

Narrow banking.

Marc Baumann's avatar
Marc Baumann
Aug 18, 2026
∙ Paid

A Wyoming bank just beat J.P. Morgan , Citi and Bank of America to the one thing deposit tokens couldn’t do: Leave the bank.

What’s happening: On August 18, N3XT, a narrow bank in Cheyenne, opened its N3XT Digital Dollar to wallets it does not bank: public Ethereum, around the clock, non-account holders. Every other US bank deposit token is still a claim…

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