Meet Tokenizer: The Crypto Neobank Redefining Decentralized Financial Services

BlockX Network
Alternative Digital Assets
3 min readNov 28, 2022


Over the past fifteen years, the global banking and financial landscape have undergone a series of changes. These changes have been substantially influenced by the actions of a new actor known as “neo-banks.” Neobanks have implemented a novel method of customer service and financial services. Customers today enjoy a variety of advantages that were not available to them less than two decades ago.

This article defines neobanks and explains why they are increasingly challenging the global banking status quo. The emergence of neobanks in the crypto space and their implications for the future of finance is also discussed.

Let’s dive in.

What are Neobanks?

Neo-banks are a new type of financial service provider that uses technology to provide financial solutions. “Neo-bank” simply means “new bank.” Neo-banks operate in a completely different manner than traditional banks.

Neo-banks have no physical locations. All of their activities are carried out and completed primarily online. These new banks take a mobile-first approach, allowing customers to access financial services via mobile devices.

Neo-banks typically operate through mobile applications. Customers can complete their verification processes in minutes and gain access to financial services almost instantly. They are also known for charging lower fees and completing transactions faster than their traditional counterparts.

What can Neo-banks do?

Neo-banks are generally thought to operate at a lower level than traditional banks. Nonetheless, they continue to provide financial services similar to those provided by traditional banks. Neo-banks can facilitate the transfer and receipt of funds, as well as the lending and borrowing of funds. They can also act as fund custodians.

While traditional banks do some of these things, neo-banks have the advantage of speed. Their mobile-first strategy also appeals to modern financial service users.

Neo-banks have also begun to accept credit/debit cards, and they now allow users to make payments for shopping. Billing, subscription payments, and recurring expense settlement are also available to users.

The Emergence of Crypto-based Neo-banks

Crypto-based digital banks have also emerged in recent years. These digital banks, like other neo-banks, exist to help crypto users gain access to financial services. Crypto neo-banks provide cryptocurrency users with access to a variety of financial services via decentralized applications.

Users can use crypto neo-banks to conduct transactions, save money, earn interest, make payments, and obtain loans. Crypto-neo-banks, on the other hand, store records on the blockchain, as opposed to traditional neo-banks. They also have a higher transaction success rate while assisting users in saving money.

Another significant advantage of a crypto neo-bank is its global accessibility. Because cryptocurrency can be accessed globally, users of crypto-neo-banks can freely make payments and conduct transactions. There are no international settlement fees, and transactions can be completed in seconds.

The Emergence of the Tokenizer Digital Bank

Tokenizer is a neo-bank that provides financial services to cryptocurrency users. It is a crypto-super app that acts as a one-stop shop for users to access financial services. From within the app, users can easily spend, save, earn, and invest.

Users can trade over 100 digital assets and pay for purchases using an integrated debit card system via the consolidated app. Tokenizer’s digital bank also offers crypto rewards and bill settlement.

Tokenizer also includes a mechanism for users to invest in both digital and traditional assets such as NFTs, stocks, ETFs, commodities, and tokenized assets. Tokenizer users can learn more about the robust financial services available to them.


The financial services industry has gone digital. In the last two decades, the emergence of neo-banks has aided in the simplification of access to financial services and investments. The rise of crypto neo-banks is set to further redefine financial inclusion by making them available to anyone, anywhere in the world.