Axal, the fintech startup backed by a16z CSX and CMT Digital, has launched its new mobile app with MoonPay’s Virtual Accounts integrated. The app makes it easy for anyone to access real onchain yield through a seamless mobile-first experience.
With just a few taps, users can deposit stablecoins and start earning from Axal’s automated yield strategies, powered by DeFi protocols like Morpho, Euler, and Pendle. Capital is continuously reallocated by Axal’s smart yield engine, optimizing returns while managing risk exposure.
“Most money today sits idle in low-interest accounts,” said Ash Ahmed, founder and CEO of Axal. “With the Axal app, users can generate meaningful interest in what amounts to a low-risk stablecoin money market account.”
The app removes the complexity traditionally associated with DeFi. There are no gas fees, no manual transactions, and no need to manage wallets. Users retain full transparency and control over their funds at all times.
Simplified deposits with Virtual Accounts
MoonPay's Virtual Accounts, powered by Iron, streamline the funding process from the very beginning. Each user receives a dedicated deposit account linked directly to their Axal profile. When stablecoins like USDC or USDT are sent to this account, they are automatically routed into Axal’s smart yield engine, which distributes capital across a diversified set of crypto strategies including lending protocols, liquidity pools, and more.
For platforms like Axal, Virtual Accounts make stablecoin deposits feel as familiar and frictionless as a traditional bank transfer. They provide real-time tracking and automatic routing, making them a powerful infrastructure layer for any product built on crypto rails.
“We’re seeing the next generation of finance take shape onchain,” said Ivan Soto-Wright, Co-Founder and CEO of MoonPay. “Axal’s mobile app is accelerating this movement, putting real yield, transparency, and user control into a simple, familiar experience anyone can use.”
The Axal mobile app is now live. To learn more, visit axal.com.