EtherFi relaunches its neobank app with tokenized stocks and portfolio-backed borrowing
EtherFi has relaunched its crypto neobank app with tokenized equities via xStocks, precious metals, Aave-powered borrowing on Optimism at around 4%, and programmatic ETHFI buybacks. The ETHFI token rose 8.8% on the day.
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A Broader Product, Built for Mainstream Users
@ether_fi has relaunched its neobank app with a suite of features designed to bring the experience of a traditional fintech product to self-custodied crypto. The updated app went live on August 13, adding tokenized equities, precious metals, and expanded fiat on-ramp coverage across more than 30 currencies.
According to the official announcement, new features include trading in tokenized stocks and metals through xStocks, fiat sending and receiving globally, and programmatic $ETHFI token buybacks funded by every revenue line the app generates. Assets are held in an ether.fi vault protected by social recovery, with users able to buy across chains natively.
xStocks, the tokenized equity infrastructure underpinning the trading feature, backs each token 1:1 through Alpaca Securities, with Chainlink Proof of Reserve providing weekly verification and quarterly ISAE 3000 assurance audits. The platform currently lists more than 100 tokenized stocks and counts over 100,000 holders, operating 24/5 across Solana, Ethereum, and other networks.
Aave on Optimism Powers Portfolio-Backed Credit
On the borrowing side, EtherFi has integrated a dedicated Aave market on Optimism that allows users to borrow against the full value of their portfolio at DeFi rates currently sitting at around 4%. The facility can be used to fund spending on the ether.fi Cash card or to acquire other assets, without requiring users to sell their holdings and trigger a taxable event.
Payments now run through Cash App, Apple Pay, and LemonPay, broadening accessibility for users outside traditional crypto rails. The app is designed to sit alongside everyday fintech tools rather than replace them with something crypto-forward, targeting a broader audience than existing DeFi products typically reach.
$ETHFI traded near $0.41, up 8.8% on the day of the relaunch, as the programmatic buyback mechanism drew attention from the market. All revenue generated within the app feeds directly into those buybacks, tying token performance to product usage in a transparent, on-chain way.
Sources:
ether.fi Launches Next-Generation Crypto Neobank, EIN Presswire
Tokenized Equities 2026: Inside the Future of Global Equity Markets, QuickNode
Neobanks Will Fuel Ethereum's 2026 Growth, Says ether.fi CEO, CoinDesk
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Crypto RichRich has been researching cryptocurrency and blockchain technology for eight years and has served as a senior analyst at BSCN since its founding in 2020. He focuses on fundamental analysis of early-stage crypto projects and tokens and has published in-depth research reports on over 200 emerging protocols. Rich also writes about broader technology and scientific trends and maintains active involvement in the crypto community through X/Twitter Spaces, and leading industry events.