Brookwell offers a non‑custodial wallet for USDC, USDT, and USAT that projects up to 5.75% APR on stablecoin balances, with fee‑free on‑ and off‑ramps to USD for instant liquidity.
Funding
Funding not disclosed
Founders
Product
Problem
Users seeking higher returns on cash holdings face limited options for earning yield on stablecoins and often incur fees when converting between stablecoins and fiat currencies. Additionally, managing budgets across multiple spending categories can be cumbersome without dedicated account structures.
Solution
Brookwell provides a non‑custodial platform where users can hold USDC, USDT, and USAT in a wallet that projects up to 5.75% annual yield on stablecoin balances. The service enables fee‑free on‑ and off‑ramps between supported stablecoins and USD, allowing rapid rebalancing of on‑chain and off‑chain liquidity. Integrated budgeting tools let users create dedicated account numbers for specific goals or expense categories, with virtual cards and outflow controls to automate payments such as rent or utilities. Banking services, including FDIC‑insured deposit accounts, are delivered through a partner bank, giving users access to traditional banking infrastructure alongside crypto‑based yield opportunities.
Target Audience
Brookwell targets sophisticated savers and globally mobile individuals who want to earn yield on stablecoin holdings while maintaining granular control over their everyday spending and budgeting.
Features
- Non‑custodial stablecoin wallet supporting USDC, USDT, and USAT with projected yields up to 5.75% APR
- Zero‑fee conversion between supported stablecoins and USD for instant liquidity movement
- Dedicated budgeting accounts with unique account numbers and virtual cards for automated expense routing
- Full outflow controls and customizable virtual card limits per budget category
- Access to FDIC‑insured deposit accounts through a partner bank (Erebor Bank, N.A.)
- Availability in over 150 countries, supporting cross‑border cash management