Superform Launches Mobile Neobank App for Onchain Finance in U.S.

Superform Launches Mobile Neobank App for Onchain Finance in U.S.
This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.

Introduction

Superform, a user-owned neobank, has launched its mobile application in the United States, marking a significant expansion aimed at demystifying decentralized finance (DeFi). The app provides a familiar, fintech-like interface for accessing automated, high-yield crypto strategies while ensuring users maintain full custody of their assets. This move represents a concerted effort to bridge the gap between the complex world of onchain finance and the simplicity demanded by mainstream consumers.

Key Points

  • Superform's mobile app delivers an average APY of 8.4% through SuperVaults, outperforming T-Bills by nearly double.
  • The platform manages over $180 million in user deposits across more than 70 DeFi protocols, emphasizing security and scalability.
  • Backed by $11M from top investors, Superform aims to bridge the gap between traditional banking simplicity and DeFi performance.

Bridging the Simplicity Gap in DeFi

The core challenge Superform addresses is the persistent friction in DeFi. As CEO Vikram Arun stated, “You should not need to be technical to earn more onchain.” Traditional savings vehicles, like Treasury Bills, offer returns that often lag behind inflation, while the crypto-native yield landscape remains fragmented across dozens of protocols and tools. Users have historically faced a binary choice: the ease of custodial platforms that control their private keys, or the technical complexity and security burden of non-custodial, self-managed wallets.

Superform’s mobile app is engineered to dissolve this compromise. It allows users to create an account, onramp fiat currency, and start earning yield on assets like USD, BTC, and ETH within minutes—all without needing to manage wallets or understand underlying protocols. The experience is designed to feel like seamless internet banking, yet it provides direct access to the powerful returns generated across the DeFi ecosystem. This positions Superform not just as another crypto app, but as a viable financial alternative to traditional banks.

The Engine of Yield: SuperVaults and Performance

The financial engine powering this simplicity is Superform’s flagship product: SuperVaults. These are non-custodial, onchain vaults that automatically deploy user capital across a curated selection of high-performing DeFi strategies. Primary focuses include stablecoin lending and liquidity provisioning, strategies known for generating consistent yield. The automation creates a “set and forget” experience, where deposits work continuously across multiple chains without requiring active management.

The performance data underscores the value proposition. SuperVaults have delivered an average annual percentage yield (APY) of 8.4% to users. This figure notably outperforms traditional benchmarks; the provided comparison cites U.S. Treasury Bills at just 4.3% APY. This nearly 100% premium in yield is a central pillar of Superform’s appeal, combining the usability of fintech with returns that consistently outpace conventional finance. The platform further incentivizes use through features like boosted APYs and a Superform Points rewards system.

This performance is backed by substantial scale and security. The desktop platform, which the mobile app extends, currently manages over $180 million in user deposits. These funds are spread across more than 1,000 individual vaults and strategies spanning over 70 different DeFi protocols. Security audits have been conducted by yAudit and independent researchers from Spearbit, providing a layer of trust for the over 180,000 depositors who have used Superform since its launch in Q2 2024.

Strategic Expansion and Backing

The U.S. mobile app launch is a key strategic milestone for Superform, officially establishing its footprint in a major market. It builds upon the traction of its existing desktop platform and is described as the first in a series of major product rollouts planned through the end of the year. The expansion is supported by robust financial backing, with Superform Labs having raised $11 million in funding from a consortium of prominent investors in the crypto and traditional finance space.

This investor list reads as a who’s who of institutional crypto capital, including VanEck Ventures, Polychain Capital, and Circle Ventures. Further support comes from BlockTower Capital, Maven11 Capital, CMT Digital, and notable individual investor Arthur Hayes. Such backing not only provides capital for growth but also lends significant credibility to Superform’s mission of consolidating and simplifying onchain finance infrastructure for a broader audience.

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