#162 Signature Bank Had $34B in Liquidity. They Shut It Down Anyway | Scott Shay, N3XT

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Timestamps:

00:00 Introduction

01:00 Scott Shay's journey into banking

03:00 Building Signature Bank

05:00 The origins of Signet and crypto banking

07:00 How Signet enabled 24/7 payments

09:00 The rise of stablecoins

13:00 The banking industry's reaction to crypto

14:00 What happened to Signature Bank

18:00 The fundamental problem with traditional banking

21:00 Moving dollars like Bitcoin

23:00 Why Scott decided to build N3XT

26:00 Building a full-reserve U.S. bank

29:00 Tokenized dollars outside the bank

32:00 Full-reserve vs. fractional-reserve banking

34:00 How N3XT makes money

36:00 Crypto regulation and the future

38:00 The N3XT digital dollar

43:00 How traditional banks view crypto

45:00 The future of banking

47:00 What fund managers should know

Disclaimer:

Alt Funds Network LLC and its affiliates, episode guests, and the companies they represent do not provide tax, legal or accounting or investment advice. This material has been prepared for informational and educational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal, accounting, and investment professionals before engaging in any transaction or making any financial or legal decision based on your specific situation.