Ether.fi, a self-custodial DeFi platform rooted in Ethereum staking, is expanding its app to include tokenized assets, portfolio-backed loans, and fiat accounts.

The Summer update goes live for all users now, though tokenized stocks and metals are not available in the United States and some other markets.

A programmatic ETHFI buyback is planned, supported by strong revenue metrics and a growing annualized fee run-rate, with new revenues earmarked for buybacks.

The platform aims to simplify access and broaden appeal by offering balanced, on-chain asset exposure with robust on-chain security, moving beyond high-risk gambling-style trading.

Ether.fi positions itself as an alternative to traditional banks, seeking to bridge DeFi with everyday financial needs and provide institutional-grade tools to everyday users.

New fiat rails and named accounts will support deposits and withdrawals in more than 30 currencies with payment methods like Cash App, Apple Pay, and Interac, plus identity checks for access to card features.

Portfolio-backed loans and tokenized real-world assets enable users to borrow against an entire portfolio and possibly earn 3% cash back on card purchases.

The Summer update enables trading of tokenized stocks, metals, and crypto within the app, plus lending against a full portfolio via an integrated Aave market on Optimism at about 4% borrowing rate.

Ether.fi reports more than half a million members and a $2 billion annual transaction run-rate, underscoring its scale as a crypto neobank.

Media inquiries: contact [email protected].

The Summer release unifies saving, earning, trading, borrowing, and spending to expand beyond traditional banking and drive broader adoption.

Rewards include 3% cash back on Cash card purchases, with zero top-up fees and zero FX fees at higher tiers; some benefits may be region-restricted.