Українська
Русский
English
SoFi Technologies Launches First Enterprise Platform for Cryptocurrencies and Stablecoins
On Thursday, SoFi Technologies announced the launch of the SoFi Big Business Banking platform, which allows enterprises to deposit, transfer, and conduct transactions in both fiat and cryptocurrencies 24/7 through a single nationally licensed bank.
SoFi Launches Big Business Banking with 24/7 Fiat and Crypto Transactions for U.S. Enterprises
SoFi Technologies (Nasdaq: SOFI) made this announcement on Thursday, positioning the product as a direct competitor to the traditional banking model, which closes at 5:00 PM on Fridays. The offering targets institutions and corporate clients who need to work with both traditional and digital finances without relying on multiple providers and custodians.
CEO Anthony Noto clearly marked this difference. "To be competitive, modern companies must operate in a global environment that is accessible 24/7, whereas traditional banks typically still operate from 9 to 5, Monday through Friday," Noto said.
He added:
"SoFi Big Business Banking changes the game by combining the strength and regulatory foundation of a bank with a national license, with the speed, scale, and flexibility companies need to move and manage cash or digital assets in real-time."
The platform is built on SoFi Bank, N.A., which holds a national banking license and direct access to the Federal Reserve System. This regulatory foundation differentiates it from fintech solutions that rely on partner banks or offshore infrastructure. Clients receive FDIC-insured deposit accounts with institutional-level capabilities.
The April 2 launch follows two major steps taken at the end of 2025. In November, SoFi became the first FDIC-insured national bank to offer retail cryptocurrency trading, allowing consumers to buy, sell, and store Bitcoin, Ethereum, Solana, and other digital assets directly in the app. In December, SoFi Bank launched SoFiUSD, a fully-backed dollar stablecoin operating on a public blockchain without permissions.
Big Business Banking integrates these components for the corporate market. Companies can hold deposits in USD, transfer funds in fiat or SoFiUSD, and make payments in chosen cryptocurrencies. Transfers are conducted 24/7 through an API-based system, eliminating delays in transactions that traditional banking hours impose on global operations.
The digital asset layer is based on a "mint-and-burn" mechanism. Businesses can instantly convert fiat currencies into SoFiUSD and back, maintaining reserves in the regulated banking environment of SoFi. The platform is expected to use Solana along with other blockchain networks for settlement.
This results in unified financial operations. One interface manages both traditional banking activities and digital asset transactions, simplifying the process that usually involves complexities when interacting with different custodians, payment systems, and cryptocurrency service providers.
The initial institutional launch includes ten companies supporting the SoFiUSD launch and relying on SoFi's regulated infrastructure. These include Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, Jupiter, Mesh Payments, and Mastercard.
SoFi's Galileo technology platform provides the backend infrastructure on which these API functions operate. Currently, Galileo supports over 128 million accounts worldwide across fintech companies, financial institutions, and brands, giving Big Business Banking a ready-to-scale foundation.
The offering currently targets corporate and institutional clients. No information has been provided regarding wider availability for small businesses. As of the launch date, SoFi had 13.7 million members. The company’s shares are traded on Nasdaq under the ticker SOFI.
This product marks SoFi's most significant step toward regulated crypto-banking infrastructure for institutions—a segment that, since the collapse of Silvergate and Signature in 2023, has primarily functioned based on informal agreements between crypto-native firms and small banks.
See also: "Bitcoin-ETF sees a $118 million inflow, Ethereum-ETF sees a $31 million inflow"
