Ether.fi upgrades neobank with tokenized stocks and Aave borrowing

Ether.fi upgrades neobank with tokenized stocks and Aave borrowing

The upgraded app adds tokenized stocks and metals, portfolio borrowing through Aave on Optimism, support for more than 30 currencies and programmatic ETHFI buybacks.

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By Editorial Team
Edited by Estefano Gomez

Ether.fi has launched an upgraded version of its crypto neobank, adding tokenized asset trading, portfolio backed borrowing and expanded fiat payment options as the DeFi platform pushes further into consumer financial services.

The new app allows users to trade tokenized stocks and metals alongside crypto assets while maintaining assets in self custody. An integrated Aave market on Optimism also allows users to borrow against their portfolios at DeFi rates currently around 4% without selling their holdings.

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Borrowed funds can be transferred or spent using the Ether.fi Cash card. The platform also added new on and off ramps supporting more than 30 currencies and payment methods including Apple Pay and Cash App.

Ether.fi founder and CEO Mike Silagadze said the platform initially supports select tokenized stocks and gold alongside assets including Ethereum, Bitcoin, Hyperliquid and ETHFI, with additional collateral options expected to be added over time.

The company is also introducing programmatic ETHFI buybacks funded by revenue generated across its products. Ether.fi Cash users will receive 3% cash back on card purchases, while higher membership tiers can access zero top up fees and zero foreign exchange fees.

Ether.fi said it has more than 500,000 members and an annual transaction run rate of about $2 billion. Silagadze separately said the platform has issued about 150,000 payment cards.

The expansion reflects Ether.fi’s shift from its roots in Ethereum staking and restaking toward a broader financial platform combining yield, payments, borrowing and tokenized real world assets.

Silagadze said Ether.fi aims to bridge decentralized finance with everyday financial needs by replacing traditional banks for most users and offering tools and benefits that were previously available mainly to institutions and wealthy individuals.

Tokenized stock and metals trading will not be available to users in the United States and certain other markets.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
FINANCE
Ether.fi upgrades neobank with tokenized stocks and Aave borrowing
Ether.fi upgrades neobank with tokenized stocks and Aave borrowing

The upgraded app adds tokenized stocks and metals, portfolio borrowing through Aave on Optimism, support for more than 30 currencies and programmatic ETHFI buybacks.

By Editorial Team
Edited by Estefano Gomez

Share

Add us on Google

Ether.fi has launched an upgraded version of its crypto neobank, adding tokenized asset trading, portfolio backed borrowing and expanded fiat payment options as the DeFi platform pushes further into consumer financial services.

The new app allows users to trade tokenized stocks and metals alongside crypto assets while maintaining assets in self custody. An integrated Aave market on Optimism also allows users to borrow against their portfolios at DeFi rates currently around 4% without selling their holdings.

Advertisement

Borrowed funds can be transferred or spent using the Ether.fi Cash card. The platform also added new on and off ramps supporting more than 30 currencies and payment methods including Apple Pay and Cash App.

Ether.fi founder and CEO Mike Silagadze said the platform initially supports select tokenized stocks and gold alongside assets including Ethereum, Bitcoin, Hyperliquid and ETHFI, with additional collateral options expected to be added over time.

The company is also introducing programmatic ETHFI buybacks funded by revenue generated across its products. Ether.fi Cash users will receive 3% cash back on card purchases, while higher membership tiers can access zero top up fees and zero foreign exchange fees.

Ether.fi said it has more than 500,000 members and an annual transaction run rate of about $2 billion. Silagadze separately said the platform has issued about 150,000 payment cards.

The expansion reflects Ether.fi’s shift from its roots in Ethereum staking and restaking toward a broader financial platform combining yield, payments, borrowing and tokenized real world assets.

Silagadze said Ether.fi aims to bridge decentralized finance with everyday financial needs by replacing traditional banks for most users and offering tools and benefits that were previously available mainly to institutions and wealthy individuals.

Tokenized stock and metals trading will not be available to users in the United States and certain other markets.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.