Neobanks were built to simplify how we manage money.
Now, a new wave is rebuilding that idea from the ground up, on-chain.

They combine stablecoins, DeFi yields, and cards into one seamless experience.
They don’t just compete with banks, they replace them.

Traditionally, neobank meant a slick fintech app: a 100 % digital account, lower fees, a beautiful UI.

In 2025, the term evolves.
A Web3 neobank isn’t a licensed bank, it’s a wallet that behaves like one.

Instead of a bank core, there’s a smart contract.
Instead of fiat deposits, there are tokenized dollars (USDC, USDT).
Instead of a spread, there’s on-chain yield.

It’s a structural upgrade, not just prettier design.

You can now:

• Hold balances in stablecoins that earn automatically.

• Spend anywhere with Visa or Mastercard.

• Send and receive globally in seconds.

• Own your keys or delegate custody for convenience.

It feels like Revolut or Nubank.
But under the hood: Ethereum, Solana, or Layer-2 rails.

Here are nine projects shaping the on-chain banking landscape, each tackling the same challenge differently: how to make money programmable, global, and human.

Born as an Ethereum restaking protocol, ether.fi pivoted in 2025 into a DeFi neobank, rolling out cash accounts and crypto cards in the U.S.
The goal: bring staking yields to everyday users through a banking-style interface.

→ A textbook example of turning a protocol into a consumer product, bridging DeFi and real finance.

OrbitX combines a consumer neobank with a B2B platform.
Users get a self-custodial Visa card accepted in 100 M + locations, and brands can launch their own cards via OrbitX’s Card-as-a-Service stack, including BIN issuance, compliance, and logistics.

→ Essentially the Stripe of Web3 cards.

GalaxyOne merges FDIC-insured cash accounts (4 % APY), premium yields up to 8 % (for accredited investors), and commission-free crypto + stock trading.
It’s a serious step toward mainstreaming crypto within regulated finance.

→ TradFi meets DeFi, backed by institutional credibility.

Backed by Mantle Network, UR is a crypto-first neobank operating in 45 + countries.
It integrates Ethena’s USDe, allowing users to earn around 5 % APY and spend directly from the same balance.

→ Blueprint for global stablecoin banking, borderless and yield-native.

Plasma One focuses on stablecoins as the native dollar.
It offers 10 %+ annual yield on USDT balances and up to 4 % cashback on purchases, with instant, fee-free global transfers.
(All rates subject to market changes.)

→ It’s what a checking account looks like when it lives entirely on-chain.

KAST positions itself as a membership card meets neobank.
It rewards spending with points that become tokens, plus exclusive events and lifestyle perks.
Public tiers advertise 6–12 % cashback, depending on plan and partnerships.

→ Proof that banking can carry culture, status, and fun.

Picnic brings on-chain finance to Brazil with a Visa card, up to 5 % cashback, and real self-custody for users.
Its app combines buy, store and spend features in a localized, compliant experience.

→ A case study in Web3 adaptation for emerging markets.

Neobankless positions itself as a global dollar account for Brazilians, powered by Solana.
The app is live on Google Play and markets low-fee transfers and future installment options.

→ Think “Nubank for the Solana era.”

Tria calls itself a self-custodial neobank with seedless recovery and gasless transactions.
Available in 150 + countries, on Android and iOS, it prioritizes daily use, not trading.

→ Finally, self-custody that feels human.

All these projects share one mission: make the blockchain invisible while keeping its superpowers.

1. Usable self-custody — seedless wallets and social recovery.

2. Stablecoins as checking accounts — balances that earn and spend.

3. Cards as culture — connecting crypto to daily life.

4. Distributed compliance — regulated partners handling licensing.

5. Yields as a feature — staking and restaking built into balances.

Even with polished UX, some frictions remain:

• Regulation: multi-jurisdiction licenses and KYC costs are high.

• Sustainability: cashback and double-digit APYs depend on market cycles.

• UX vs security: seedless ≠ risk-free; recovery models are early.

• Liquidity: true usability depends on card issuers and fiat on/off-ramps.

If you’re a user:

• Custody model (self or hosted)

• Stablecoin type and yield policy

• Card support (Visa/Mastercard, Apple/Google Pay)

• Real APY/cashback source

• Fees and availability by region

• Recovery and security options

If you’re a brand:

• Need Card-as-a-Service? → OrbitX

• Want cash + crypto + stocks in one app? → GalaxyOne

• Building stablecoin-first infra? → Plasma / UR

• Targeting LATAM markets? → Picnic / Neobankless

• Self-custodial cards will become standard.

• Stablecoins will turn into paychecks.

• Super-apps will merge DeFi, TradFi and investments.

• LATAM remains a testing ground for mass adoption.

Each tap-to-pay brings us closer to a world where “bank accounts” sound quaint.

The next financial revolution won’t come from better banks.
It’ll come from apps that make banking irrelevant.

When your balance earns yield by default, your card spends stablecoins, and your wallet recovers itself, that’s when Web3 quietly fades into daily life.

Because the best technology doesn’t need to be seen.
It just works.

APY and cashback rates are dynamic and vary by market and jurisdiction.
These projects are Web3 financial platforms, not licensed banks, and operate through regulated partners for card issuance and compliance.