SoFi Technologies Launches a Big Business Banking Platform - Tekedia
Key summary
SoFi Technologies launched SoFi Big Business Banking to let businesses and institutional clients manage fiat and cryptocurrency in a single, regulated, nationally chartered bank environment.
The platform lets clients hold deposits, move funds, convert between USD and stablecoins, and settle transactions.
It provides API-driven payments and settlements 24/7/365 and supports instant or near-instant transfers in fiat or selected crypto.
Underpinned by SoFi Bank, N.A. (nationally chartered, FDIC-insured), the platform integrates blockchain capabilities including Solana for on-chain settlement and liquidity.
It supports issuing and redeeming SoFiUSD and selected crypto assets, targets enterprise clients, and initially partners with BitGo, Mastercard, Cumberland, and Bullish.
