Banking can be done in forms not like the traditional banks.
How?
1/ crypto / stable coins
Investors/Buyers of stable coins are like traditional depositors.
In return, they can get some interest on their balances.
They can also enter into “staking” which is just like a “formal” version of deposit.
The crypto exchange or custodians are acting like banks. They can use the deposits to buy yield generating assets or lend out.
2/ private credits
LPs are like depositors.
GP setup lending vehicles like banks – LP put money into the vehicle and GP find projects to loan out the money.