diff --git a/packages/smart-routing-address-react-ui/src/components/AddressDisplay/index.tsx b/packages/smart-routing-address-react-ui/src/components/AddressDisplay/index.tsx
index d434ed2d..5748139d 100644
--- a/packages/smart-routing-address-react-ui/src/components/AddressDisplay/index.tsx
+++ b/packages/smart-routing-address-react-ui/src/components/AddressDisplay/index.tsx
@@ -1,12 +1,13 @@
 import { cn, Icon, Text, Wrapper } from '@zerodev/react-ui'
+import { LoadingCard } from '../LoadingCard'
 
 /**
  * The card that renders the deposit address in the SRA "Deposit funds" screen.
  *
  * Two visual states, each mapped 1:1 to a Figma node:
- *   - Loading (Figma 17634:104343, "Smart Funding" card): 16px radius, 20%
- *     white surface, centered loading icon + `loadingText`. Rendered when
- *     `address` is omitted.
+ *   - Loading (Figma 17634:104343, "Smart Funding" card): delegates to
+ *     `LoadingCard`, which is the shared spinner+text pill used elsewhere in
+ *     the SRA flow (e.g., SmartFunding's "Watching for deposit" state).
  *   - Ready (Figma 17762:78875, address+QR row): 14px radius, 40% offWhite
  *     surface, left-aligned address text + a 52×52 white QR button on the
  *     right. Rendered when `address` is supplied.
@@ -35,23 +36,11 @@ export function AddressDisplay({
 }: AddressDisplayProps) {
   if (address === undefined) {
     return (
-      <Wrapper
-        variant="ghost"
-        className={cn(
-          // Figma: rounded-2xl (16px), p-16, centered content, gap 8px, 20%
-          // white surface from Wrapper's ghost variant. Height pinned to
-          // 68px so it matches the ready variant.
-          'zd:relative zd:flex zd:h-[68px] zd:w-full zd:items-center zd:justify-center zd:gap-2 zd:overflow-hidden zd:rounded-2xl zd:px-4',
-          'zd:shadow-[inset_0_-4px_4px_0_rgba(255,255,255,0.1),inset_0_3px_4px_0_rgba(0,0,0,0.02)]',
-          className,
-        )}
+      <LoadingCard
+        text={loadingText}
+        className={className}
         data-testid="address-display-loading"
-      >
-        <Icon name="lineLoading" className="zd:size-4 zd:text-greyScale/50" />
-        <Text className="zd:text-body1 zd:text-greyScale/50">
-          {loadingText}
-        </Text>
-      </Wrapper>
+      />
     )
   }
 
diff --git a/packages/smart-routing-address-react-ui/src/components/LoadingCard/LoadingCard.stories.tsx b/packages/smart-routing-address-react-ui/src/components/LoadingCard/LoadingCard.stories.tsx
new file mode 100644
index 00000000..7fc88522
--- /dev/null
+++ b/packages/smart-routing-address-react-ui/src/components/LoadingCard/LoadingCard.stories.tsx
@@ -0,0 +1,34 @@
+import type { Meta, StoryObj } from '@storybook/react-vite'
+import { LoadingCard } from './index'
+
+const meta: Meta<typeof LoadingCard> = {
+  title: 'SmartRoutingAddress/LoadingCard',
+  component: LoadingCard,
+  parameters: { layout: 'centered' },
+  decorators: [
+    (Story) => (
+      <div style={{ width: 368 }}>
+        <Story />
+      </div>
+    ),
+  ],
+}
+
+export default meta
+type Story = StoryObj<typeof meta>
+
+/** Used inside `AddressDisplay`'s loading variant while the SRA server
+ * is generating the deposit address. */
+export const GeneratingAddress: Story = {
+  args: {
+    text: 'Generating deposit address…',
+  },
+}
+
+/** Used inside `SmartFunding` while the app is watching for an incoming
+ * deposit at the generated address. */
+export const WatchingForDeposit: Story = {
+  args: {
+    text: 'Watching for your deposit on Base…',
+  },
+}
diff --git a/packages/smart-routing-address-react-ui/src/components/LoadingCard/LoadingCard.test.tsx b/packages/smart-routing-address-react-ui/src/components/LoadingCard/LoadingCard.test.tsx
new file mode 100644
index 00000000..bdb43d9d
--- /dev/null
+++ b/packages/smart-routing-address-react-ui/src/components/LoadingCard/LoadingCard.test.tsx
@@ -0,0 +1,35 @@
+/**
+ * @vitest-environment happy-dom
+ */
+import { cleanup, render, screen } from '@testing-library/react'
+import { afterEach, describe, expect, it } from 'vitest'
+import { LoadingCard } from './index'
+
+afterEach(cleanup)
+
+describe('LoadingCard', () => {
+  it('renders the status text', () => {
+    render(<LoadingCard text="Watching for your deposit on Base…" />)
+    expect(screen.getByText('Watching for your deposit on Base…')).toBeDefined()
+  })
+
+  it('renders the spinner icon', () => {
+    render(<LoadingCard text="Loading…" />)
+    expect(screen.getByTestId('loading-card-icon')).toBeDefined()
+  })
+
+  it('forwards extra HTML attributes (e.g., data-testid) to the root', () => {
+    render(<LoadingCard text="Loading…" data-testid="custom-root" />)
+    expect(screen.getByTestId('custom-root')).toBeDefined()
+  })
+
+  it('merges custom className with defaults', () => {
+    const { container } = render(
+      <LoadingCard text="Loading…" className="custom-class" />,
+    )
+    const root = container.firstChild as HTMLElement
+    expect(root.className).toContain('custom-class')
+    // Sanity: the default height class is still applied
+    expect(root.className).toContain('zd:h-[68px]')
+  })
+})
diff --git a/packages/smart-routing-address-react-ui/src/components/LoadingCard/index.tsx b/packages/smart-routing-address-react-ui/src/components/LoadingCard/index.tsx
new file mode 100644
index 00000000..411ab223
--- /dev/null
+++ b/packages/smart-routing-address-react-ui/src/components/LoadingCard/index.tsx
@@ -0,0 +1,27 @@
+import { cn, Icon, Text, Wrapper } from '@zerodev/react-ui'
+import type { HTMLAttributes } from 'react'
+
+export interface LoadingCardProps extends HTMLAttributes<HTMLDivElement> {
+  text: string
+}
+
+export function LoadingCard({ text, className, ...rest }: LoadingCardProps) {
+  return (
+    <Wrapper
+      variant="ghost"
+      className={cn(
+        'zd:relative zd:flex zd:h-[68px] zd:w-full zd:items-center zd:justify-center zd:gap-2 zd:overflow-hidden zd:rounded-2xl zd:px-4',
+        'zd:shadow-[inset_0_-4px_4px_0_rgba(255,255,255,0.1),inset_0_3px_4px_0_rgba(0,0,0,0.02)]',
+        className,
+      )}
+      {...rest}
+    >
+      <Icon
+        name="lineLoading"
+        className="zd:size-4 zd:text-greyScale/50"
+        data-testid="loading-card-icon"
+      />
+      <Text className="zd:text-body1 zd:text-greyScale/50">{text}</Text>
+    </Wrapper>
+  )
+}