What to know : SoFi said it is launching SoFi Big Business Banking, a platform that lets companies manage U.S. dollars and crypto, including stablecoins, within its regulated bank. The service aims to replace the current patchwork of banks, stablecoin issuers and custodians by enabling 24/7 deposits, conversions into SoFiUSD and instant movement of funds on blockchain networks such as Solana. Early partners including Cumberland, Wintermute, Galaxy, BitGo and Bullish plan to use the system to move and settle transactions more efficiently, reflecting a broader push to merge traditional banking with blockchain infrastructure.
SoFi said Thursday it is launching a new business banking platform designed to let companies handle both traditional money and crypto in one place, as it pushes deeper into digital assets.
The service, called SoFi Big Business Banking, allows firms to hold U.S. dollars, convert them into stablecoins and move funds around the clock, all within SoFi’s regulated bank.
Today, companies operating in crypto often rely on a patchwork of providers: a bank for cash, a separate firm for stablecoins and another for custody. Moving money between them can take hours or days. SoFi said it is trying to simplify that.
“To be competitive, businesses today must operate… 24 hours a day, 7 days a week,” SoFi CEO Anthony Noto said in a press release, contrasting the platform with traditional banking hours.
Under the new system, a trading firm could deposit dollars at SoFi, convert them into a digital token like SoFiUSD and deploy that capital instantly into markets, without waiting for bank wires to clear. Funds can also move back into dollars just as quickly.
The platform includes large crypto firms as early partners, including Cumberland, Wintermute, Galaxy (GLXY), BitGo (BTGO) and CoinDesk parent company Bullish (BLSH). These companies, which handle trading, liquidity and asset custody, are expected to use the system to move money and settle transactions more efficiently.
A central piece of the offering is SoFiUSD, a stablecoin that can be created and redeemed inside the bank. Unlike many stablecoins issued outside the U.S. banking system, SoFi’s version is tied directly to a regulated balance sheet, with reserves held internally.
The platform will also use blockchain networks, including Solana (SOL), to process transactions.
The launch reflects a broader shift in finance, as banks and crypto firms move closer together.
Instead of operating as separate systems, companies are increasingly trying to merge traditional banking with blockchain-based infrastructure. If successful, SoFi’s approach could reduce the need for multiple intermediaries and make it easier for large firms to move money globally.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
