Nook has now processed over $100M in transactions

$100M for us represents a milestone in the technical execution of Nook but also the customer trust placed in us. When we formed the Nook team in February after leaving Coinbase, we didn’t expect to have reached this milestone as quickly as we did.

There are three main components to this milestone that I want to break down. It’s important as a measure of trust and I want to explain the work and effort the team has put into the product to make sure your funds move quickly, easily and safely.

As part of the $100M+ in transactions, there are three main actions that make this up: Deposits, Withdraws and Rebalancing. All of which are critical.

Deposits

Deposits are the first moment of trust: money leaves a customer's bank and becomes working on-chain capital. In Nook, that means moving fiat via bank rails, converting to USDC, and placing funds into pre-approved vaults (e.g., Morpho/Aave/Moonwell) with fraud checks, velocity limits, and clear “pending vs. settled” states so users always know where their funds are. 

We optimize for time-to-earn (minimizing idle cash) and traceability, giving a clean audit trail from bank to chain. The deeper goal isn’t just funding accounts—it’s turning intent (“I want yield”) into safe, fast, and observable placement. We are able to do this through our trusted Payment Provider, Bridge (a subsidiary of Stripe) and Base, a part of Coinbase, and our trust network of choice of settling stablecoin transactions.

Withdraws

Withdrawals are the promise kept. Users can exit to Coinbase, USDC, back to their bank, and our job is to honor immediacy while respecting the realities of rails (stablecoin is instant/final; fiat has windows and returns set by our banking partners). We trigger a process that converts your funds from the earning platform back to USDC, and then USDC to USD (if you selected the bank transfer option.)

This means that we automatically process your withdrawal exactly when we receive them, and the only delay in place is set by our banking partner or fraud checks. Ensuring you get your funds as quickly as possible. To date we have processed over 10,000+ withdrawals without issue.

Rebalancing

Rebalancing is the quiet engine that makes the portfolio resilient. There are many earning partners available in the ecosystem. But keeping up with them and staying in the highest earning pool is a lot of work. Behind the scenes, Nook shifts your balance to our four vetted protocols based on live rates. 

You get the risk-adjusted yield without chasing noise or manual effort. We batch and route to minimize gas and slippage. And when it comes to your interest earned, we automatically claim all interest earned from the earning partners, on your behalf - so you don’t have to manually.

As we continue to increase in customer deposits, it’s important to appreciate that we reach milestones like this together. Through building a robust platform, but also through fostering trust.

I'm very excited about how far we have come but much more excited for how our future ahead.

Thank you to everyone who has gotten us to this milestone.