Key Takeaways

• Neobanks can offer users a stablecoin savings product with yield backed by regulated institutional instruments including US Treasuries, money market funds, and investment-grade corporate bonds.
• The platform retains a spread between the underlying yield and what users receive, typically 15 to 30%, creating a recurring revenue line that scales with AUM.
• InvestaX Earn products, which offer exposure to BlackRock’s $6.3B iShares 0–5 Year High Yield Corporate Bond ETF and U.S. government-grade securities, offer daily deposit and withdrawal with no lock-up, addressing the liquidity expectation most users have for a savings product.
• When partnering with a MAS-licensed platform like InvestaX, launching this product does not require building licensing, compliance infrastructure, or asset manager relationships in-house.

Neobanks operating on stablecoin rails can now offer users a savings product with yield backed by established financial instruments such as US Treasuries, money market funds, and investment-grade corporate bonds. Partnering with a MAS-licensed platform like InvestaX means a neobank can launch this product without building the underlying licensing, asset manager relationships, or compliance infrastructure itself.

Why this matters for the neobank's business

Average revenue per user at neobanks sits at around $45, compared to $350 at traditional banks, a gap largely explained by how many products a user actively engages with. Expanding product depth beyond core transaction services is a potential path to open up new revenue lines for neobanks. And industry leaders have already acted on this opportunity. Revolut reached $2.1B in revenue and $180M profit in 2024, Nubank nearly $2B in net income, both by adding higher-margin products to an existing user base. 

A savings product powered by stablecoin yield is positioned to address this directly. It gives users a financial reason to keep their balance on the platform and grow it over time, while opening a revenue line for the neobank that scales with AUM rather than transaction count.

• For neobanks with large existing user bases, this model converts existing AUM into a recurring revenue spread at minimal incremental cost. 
• For platforms still growing, it may support user retention and could attract users who consider yield when selecting a platform, though outcomes will depend on the platform's specific audience and market.

What users want from a savings product

Users drawn to savings products generally want three things: returns they can plan around, access to their funds when they need them, and a simple experience.

• Predictable, stable returns: Users who are drawn to savings products generally want a predictable return they can plan around, not one that changes without explanation from one month to the next. 
• Access to their funds when they need them: A yield product that requires locking capital for weeks or months creates an adoption barrier. Platforms offering comparable returns with daily liquidity tend to see stronger user adoption. 
• A simple experience: Users do not need to know that the yield comes from tokenized Treasury bills or RWA vault products. What they see in the app is a balance, a return rate, and a deposit or withdrawal button. The complexity sits below the product surface.

InvestaX Earn products, which offer exposure to BlackRock's iShares 0-5 Year High Yield Corporate Bond ETF and U.S. government-grade securities, are designed with all three in mind: returns backed by regulated institutional instruments, daily deposit and withdrawal with no lock-up, and a clean integration experience that keeps the infrastructure invisible to the end user. 

The revenue model

The standard model for a user-facing yield product is a spread between the underlying yield generated by the infrastructure and what the platform passes to users. Neobanks running this model can choose to retain 15 to 30% of the yield and pass the remainder to users.

Illustrative example: a platform holds $20M in user stablecoin balances and deploys into InvestaX HYCB, which offers indicative returns of 6 to 8.5% p.a. backed by BlackRock's iShares 0-5 Year High Yield Corporate Bond ETF. Passing 6% to users and retaining approximately 0.5 to 2% as platform revenue generates roughly $100,000 to $400,000 annually at that AUM. The figure scales directly with the balance held on the platform.

For neobanks with large existing user bases, this model converts existing AUM into a recurring revenue line at minimal incremental cost. For platforms still building their user base, the revenue case is more modest in the near term, though the product may support user retention and could attract users who actively look for yield when choosing a platform.

Available products on InvestaX

InvestaX is a MAS-licensed Capital Markets Services and Recognised Market Operator platform in Singapore. The following regulated yield products are available to platform partners:

How to get started

InvestaX gives fintech platforms access to regulated, asset-backed yield on stablecoin balances for their users, without requiring them to build the licensing, compliance infrastructure, or asset manager relationships themselves. 

Here is how it works with InvestaX:

1. Complete partnership onboarding with InvestaX
2. Select a yield product tier based on target user return and risk profile
3. Choose integration approach
4. Address user-facing disclosure requirements for your jurisdiction with your legal team
5. Launch and monitor AUM growth and yield accrual

InvestaX is a MAS-licensed Capital Markets Services and Recognised Market Operator platform in Singapore, providing regulated RWA vault infrastructure for fintech platforms and digital asset businesses. Contact InvestaX to integrate regulated RWA yield products into your neobank app.