Ether.fi, one of the leading crypto neobanks, announced its Summer release, the next generation of its fintech product. The expansion will bring tools for savings, earning, trading, borrowing, and seamless spending, aiming to replace traditional banking services.
The Summer release will use the capabilities of decentralized systems, going beyond the possibilities of traditional finance and not just replicating its services.
The latest Ether.fi release will tap the latest trends in on-chain trading, to include tokenized stocks, metals, and the most active crypto assets. The user-facing app will integrate Aave, allowing users to lend their assets and borrow against their portfolio as collateral.
‘With ether.fi, we’re bridging the gap between decentralized finance and everyday financial needs,’ said Mike Silagadze, CEO of Ether.fi.
‘Our goal is to replace the traditional bank for most users and give them tools and benefits that were previously available only to institutions and high-net-worth individuals. That is the power of DeFi and self-custody,’ he said.’
Ether.fi users will also gain new fiat rails, allowing them to send assets globally and use their own named accounts. The app will also integrate over 30 new fiat currencies and additional payment methods, including Cash App, Apple Pay, and others.
Summer release aims to boost Ether.fi adoption
The recent neobank expansion aims to reach a much broader audience, the company announced. The neobank features are simplified, not requiring specialized crypto knowledge.
Ether.fi also announced its app would go beyond gambling use cases and high-risk trading, instead offering a more balanced exposure to assets, all with on-chain security.
The new release arrives at a time when other on-chain services are pivoting toward fintech, while using the existing platforms to offer a globally accessible market for any type of asset. Ether.fi was one of the leading Web3 lending protocols, which currently works with card issuers and partners to spread its consumer-facing fintech products.
As of August 2026, the platform still carries $3.5B in value locked and may boost its collateral value by including tokenized metals, equities, and other assets.
What will Ether.fi offer in its Summer update?
The latest feature update will set a new standard, moving Ether.fi toward its goal of being a full crypto neobank.
Users will experience a seamless fintech app, which will still give them access to the existing crypto liquidity ecosystem. The app will integrate xStocks, one of the most liquid and widely adopted forms of tokenized equities in the crypto space.
The app will have all the benefits of self-custody, lower fees, and a rewards program for DeFi users. The services will be integrated – a user can borrow against the value of their portfolio at a 4% rate, then use the Cash card to send funds, spend, or buy other assets.
In addition to trading, borrowing, and lending, users will benefit from programmatic $ETHFI buybacks. $ETHFI traded around $0.38 as of August 13, with the potential for a price boost due to buybacks. A wider user base may also increase the platform’s fees. Ether.fi produces over $219M in annualized fees, with over $50M in revenue. All new product revenues will set aside a share for $ETHFI buybacks.
Additional benefits will include a 3% cash back on purchases with the Cash card, zero top-up fees on the card, and zero forex swap fees at higher membership tiers. The Summer update functionalities will be available to all new and existing users immediately. Some features, including trading on tokenized assets, may not be available in the USA and other regions.
