Ether.fi has rolled out its largest upgrade to date for its non-custodial neobank app, adding xStocks-powered tokenized stock and metals trading, a dedicated Aave V4 (decentralized lending protocol) market on Optimism, and programmatic buybacks of the ETHFI governance token funded by protocol activity. Eligible users can trade tokenized equities and metals alongside crypto assets in self-custodial vaults with social recovery, although tokenized stock trading is unavailable at launch in the United States and some other markets because rules around tokenized securities remain unsettled. The new lending setup lets users borrow against their full portfolio at rates around 4% and spend through the ether.fi Cash card; ether.fi said the credit backend already supports $22 million in active borrowing, offers 3% cash back, supports fiat on- and off-ramps across more than 30 currencies and payment methods including Apple Pay and Cash App, and is targeting $500 million in lending capacity by 2027. With roughly 70,000 existing cardholders, ether.fi is trying to turn a DeFi user base into everyday spenders, and near-term traction will likely be judged by borrowing growth, card adoption, and regulatory progress for tokenized securities, especially in the United States.