THE ANATOMY OF A CRYPTO NEOBANK/“DEFIBANK”

Summary from the TLDR Crypto newsletter

A “crypto neobank” effectively rebuilds four functions (Saving, Spending, Earning, and Borrowing) onchain. Today, CEXes act like quasi-neobanks but are still tied to legacy rails and custodial risk, while most DeFi products are siloed. A true DefiBank would be fully onchain, self-custodial, and composable with stablecoin “savings” backed 1:1, payments that bypass card networks, trading/earn built on DEX routing, and borrowing that mixes onchain collateral with offchain credit data.