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Today, Ether.fi pushed a sweeping update to its non-custodial neobank.
The app can now handle tokenized stocks, let users borrow against their whole portfolio through Aave, and move money through a wider set of fiat rails, part of a stated push to feel less like a crypto product and more like a bank alternative for everyone.
The next generation of the https://t.co/bGgztouB4r crypto neobank is live.
— ether.fi (@ether_fi) August 13, 2026
Earn, trade, borrow, spend. One app to replace your traditional bank.
What’s new:
→ Tokenized stocks and metals trading
→ An integrated @Aave market on @Optimism, borrowing against your full portfolio… pic.twitter.com/Ft6D2eQmqX
What's the Scoop?
- New borrowing rails: Instead of selling assets to cover a bill, users can now open a loan against everything sitting in their portfolio at once, through an Aave market ether.fi stood up on Optimism specifically for this, with borrowing costs currently landing around 4% and repayment flowing straight into the Cash card.
- Stocks and metals: Tokenized equities and metals trading arrives via xStocks, though it stays off-limits in the U.S. and a handful of other markets.
- Built for scale: Payment options got a real expansion too, as more than 30 currencies are now supported for getting money in and out of the app, with Apple Pay and Cash App among the new entry points, on top of 3% cashback on card purchases and ETHFI buybacks funded automatically from product revenue.
- The bigger picture: Ether.fi already counts roughly 500,000 users and about 150,000 issued cards. CEO Mike Silagadze framed the update as a bid to "replace the traditional bank for most users," part of a broader race to become an all-in-one financial superapp.
