ether.fi

Ether.fiは、担保付き貸付や法定通貨口座とともにトークン化された株式取引を開始し、総合的な暗号銀行としてのモデルを前進させた。また、weETHの再ステーキングエクスポージャーを除去し、EigenLayerからの撤退を完了して自社製品に集中する。CEOは、この新しい暗号銀行がイーサリアムの成長を促進すると強調した。

On August 13, 2026, ether.fi released its Summer upgrade, transforming into a crypto neobank: it added trading in tokenized stocks and metals (xStocks), portfolio-backed borrowing through an Aave market on Optimism, fiat rails covering 30+ currencies, and protocol-level programmatic ETHFI buybacks; the platform reports over 500,000 members, about $2 billion in annual transaction run-rate and roughly $3.5 billion in TVL.

Revenue and buybacks: annualized fee revenue exceeds $219 million and protocol revenue exceeds $50 million; on August 30 the Foundation submitted a proposal to buy back ETHFI weekly via CoW Swap using card, swap and staking revenue, an annualized ~$16 million based on July data; the vote ended on September 3 with participation far below the 1 million token threshold.

Other progress: in June it launched the Liquid RWA vault with Plume (allocating to assets such as BlackRock's CLO ETF); on September 22, 21Shares listed a physically backed ETHFI ETP on Euronext.

ether.fi migrated to OP Mainnet on April 16, 2026. On August 13 it shipped its Summer release, folding tokenized stocks and metals (via xStocks), an integrated Aave lending market on Optimism (borrowing around 4%), and fiat rails for more than 30 currencies into one app, with protocol revenue funding automatic ETHFI buybacks and 3% cash back on its Cash card. The company says it has over 500,000 members and a roughly $2 billion annualized transaction run-rate.

On June 9 it disclosed redeeming 542,792 ETH, 19.6% of TVL, in 33 days without lengthening Ethereum's shared exit queue; on July 14 weETH received the first independent A+ risk rating in liquid restaking. On October 6 it consolidated fiat ramps and virtual bank accounts with MoonPay; on October 7 it announced ether.fi USD with Ethena, aiming to convert over $300 million of platform stablecoin balances into native liquidity; on October 19 SharpLink allocated $200 million each to ether.fi and Lido under Anchorage Digital custody, with the ether.fi side using weETH on Linea to stack EigenLayer yield.

Future strategy and roadmap: ether.fi's revenue mix has shifted from staking fees to spending and borrowing: the Cash card runs at roughly USD 2 billion annual spend with more than 500,000 members, and at a take rate near 1.38% card revenue already exceeds a third of staking income, while the buyback proposal routes a share of card, swap and staking contribution into weekly ETHFI purchases via CoW Swap. The three-year, USD 3 billion deal with ETHGas sells validator capacity into a forward market for blockspace, another route from TVL to cash flow. Stablecoins and RWA matter for the same reason: ether.fi USD keeps more than USD 300 million of balances inside the system, so a self-custodial account can hold payments, collateral and yield at once instead of being only a cash-back card.

マイク・シラガゼ - 創業者兼CEO ロク・コップ - 共同創業者 ヨゼフ・フォーゲル - COO ルパート・クロッパー - エンジニアリング担当VP デビッド・スー - 投資パートナー チャールズ・マウンテン - エコシステム責任者

最近、ether.fiのマーケティング責任者であるSlater Heil氏が退任しました。同氏は2025年7月に入社し、2026年6月に退任しました。在任中はマーケティングと成長戦略を主導し、ether.fi Cashなどの製品を推進し、取引量を0ドルから10億ドルに成長させました。彼の退任は、同社のマーケティング戦略に影響を与える可能性があります。

ether.fi's Corporate Cash credit card charges a 1% FX fee on non-USD transactions and 0% on EUR transactions, with no FX markup on EUR purchases and the same rate applying to all corporate accounts.

In January 2026 Ether.Fi Cash Ltd., the entity behind the ether.fi Cash card, was registered as a virtual asset service provider by the Cayman Islands Monetary Authority, covering crypto payment cards, trading, asset holding, crypto-backed borrowing and transfers.