Ethereum DeFi Platform Ether.fi Adds Tokenized Stocks and Portfolio-Backed Loans
In briefEther.fi is adding tokenized assets and loans backed by multiple holdings.Fiat accounts will support more than 30 currencies and payment methods.Tokenized stocks and metals will not be available to U.S. users. Ether.fi, a decentralized finance platform known for Ethereum staking, is adding tokenized asset trading, portfolio-backed loans, and fiat accounts to its self-custodial app. Announced on Thursday, Ether.fi said users can now trade tokenized stocks, metals, and crypto assets through its app. An integrated market using decentralized lending protocol Aave on Optimism, an Ethereum scaling network, also lets users lend assets, borrow against their portfolios without selling their holdings, and send or spend the proceeds. New fiat accounts support deposits and withdrawals worldwide. Myriad: Ethereum next price move? Click the image to make your prediction. “Initially were supporting existing assets and select tokenized stocks and gold,” Ether.fi founder and CEO Mike Silagadze told Decrypt. Those existing assets include Ethereum, Bitcoin, Hyperliqud, and ETHFI, Ether.fis native governance token, said Silagadze. “Quickly well start adding additional assets as collateral.” According to Ether.fi, fiat accounts will be available to users who have completed the identity checks required for its payment card. Deposit and withdrawal speeds will vary. Ether.fi is also introducing automated buybacks of ETHFI and offering 3%