NXT Monthly Updates with Allie, Episode 03
— We launched pilot programs in Andhra Pradesh with spice exporters—one already closed $80K in new contracts using NXT;
— We're expanding those pilots into new trade zones and prepping to onboard agri co-ops in Q2;
— Early data shows a 65% cost reduction vs SWIFT, which is already a key selling point in margin-tight industries;
— We’re deep in talks with NFDB-aligned institutions to plug into larger networks and smooth the regulatory path;
— We’ve built local support for GST compliance, crypto tax handling, and KYC—so we can move fast without legal headaches;
— Our loan issuance system is now live in test, with disbursements starting this month and new credit requests rolling in daily;
— We’ve received over $28M in financing requests so far, and are onboarding new liquidity partners to help us scale faster;
— Onboarding is now fully automated, and KYC approval time is down to under 12 hours;
— We’ve started live testing of our on-chain contract lifecycle system—tokenizing deals, automating payments, and handling disputes in one workflow;
— Monthly transaction volume is up 12% over the last 60 days, even as we transition into new markets;
— Revenue stayed flat, which we expected during this expansion phase—but core activity and ecosystem usage are climbing steadily;
— We’ve spun up local sales and support teams, with hiring ongoing across key Indian cities to drive faster adoption;