Ether.fi Expands DeFi Platform with Tokenized Stock Trading and Portfolio Loans

DeFi platform Ether.fi has launched an upgraded version of its crypto neobank, allowing users to trade tokenized stocks and metals alongside cryptocurrencies while maintaining assets in self-custody.

The new app also features an integrated Aave market on Optimism, enabling users to borrow against their portfolios at DeFi rates around 4% without selling their holdings. Borrowed funds can be transferred or spent using the Ether.fi Cash card.

Ether.fi founder and CEO Mike Silagadze said the platform initially supports select tokenized stocks and gold alongside assets including Ethereum, Bitcoin, Hyperliquid, and ETHFI, with additional collateral options expected to be added over time.

The company has more than 500,000 members and an annual transaction run rate of about $2 billion. Silagadze said Ether.fi aims to bridge decentralized finance with everyday financial needs by replacing traditional banks for most users and offering tools and benefits that were previously available mainly to institutions and wealthy individuals.