Ether.fi, a leading crypto neobank, has announced its summer release—a new generation of its fintech product. The expanded functionality will provide tools for saving, earning, trading, lending, and seamless spending, designed to replace traditional banking services.
The summer release will leverage the capabilities of decentralized systems, going beyond the possibilities of traditional finance and not merely duplicating their services.
The latest version of Ether.fi will incorporate the latest trends in blockchain-based trading, including tokenized stocks, metals, and the most active crypto assets. The Aave platform will be integrated into the user application, allowing users to lend their assets and borrow against their portfolio.
"With ether.fi, we are 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 provide them with tools and advantages previously available only to institutions and high-net-worth individuals. This is the power of DeFi and self-custody,"— he said.
Ether.fi users will also gain access to new fiat currencies, enabling them to send assets worldwide and use personalized named accounts. The app will also integrate over 30 new fiat currencies and additional payment methods, including Cash App, Apple Pay, and others.
The goal of the summer release is to drive the adoption of Ether.fi
The company announced a recent expansion of its neobank with the aim of reaching a much broader audience. The neobank's functionality is simplified and does not require specialized cryptocurrency knowledge.
Ether.fi also announced that its app will move beyond use in gambling and high-risk trading, offering a more balanced asset allocation with blockchain-based security.
The new release comes at a time when other blockchain services are pivoting to fintech, using existing platforms to create a globally accessible market for any type of asset. Ether.fi has been one of the leading Web3 lending protocols and is currently collaborating with card issuers and partners to distribute its consumer-focused fintech products.
As of August 2026, the platform still holds $3.5 billion and can increase its collateral value by including tokenized metals, stocks, and other assets.
What will Ether.fi offer in the summer update?
The latest feature update will set a new standard, bringing Ether.fi closer to its goal of becoming a full-fledged crypto neobank.
Users will get a convenient fintech app that will still provide access to the existing cryptocurrency liquidity ecosystem. The app will be integrated with xStocks, one of the most liquid and widely available forms of tokenized stocks in the crypto space.
The app will have all the benefits of self-custody, lower fees, and a rewards program for DeFi users. Services will be integrated—a user will be able to take loans against their portfolio at 4% and then use the Cash card to transfer funds, make purchases, or acquire other assets.
In addition to trading, borrowing, and lending, users will benefit from programmatic buybacks of $ETHFI. As of August 13, $ETHFI was trading at around $0.38, and there is a possibility of price appreciation through buybacks. Expanding the user base could also lead to increased platform fees. Ether.fi generates over $219 million in annual fees, and total revenue. A portion of the revenue from all new products will be directed to buy back $ETHFI.
Additional benefits will include 3% cash back on purchases with the Cash card, no fees for card top-ups, and no foreign exchange swap fees at higher membership tiers. The features of the summer update will be available to all new and existing users immediately. Some functions, including trading tokenized assets, may not be available in the US and other regions.
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