SoFi Launches Big Business Banking to Power Fiat and Crypto Banking on a Single Regulated Platform

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Key Terms

stablecoins financial

Stablecoins are a type of digital currency designed to maintain a steady value, often linked to traditional currencies like the dollar or euro. They function like digital cash that offers the convenience of online transactions while avoiding the large price swings common with other cryptocurrencies. This stability makes them useful for investors and users who want a reliable way to store and transfer value without exposure to sudden market changes.

blockchain networks technical

A blockchain network is a distributed digital system where many computers maintain and update the same shared record of transactions or data, so changes are visible and agreed on by the group rather than controlled by a single party. For investors, blockchain networks matter because they underpin cryptocurrencies, digital assets and new business models—affecting asset value, security risks, transaction costs and how companies can store or move information, much like a public highway changes how goods are transported.

api-driven technical

API-driven describes a product, service, or business built around application programming interfaces (APIs) — digital doorways that let software systems talk, share data and automate tasks — rather than manual handoffs or one-off integrations. For investors it signals easier scaling, faster partnerships and lower per-unit operating costs because new customers or features can be added like snapping in modules; it also highlights dependence on technical partnerships and the need for robust cyber-security.

digital assets financial

Digital assets are electronic files or representations of value stored electronically, such as cryptocurrencies, digital tokens, or digital art. They matter to investors because they can be bought, sold, and used for transactions much like physical assets, but exist entirely in digital form, offering new opportunities for investment and financial innovation.

fiat financial

Fiat is government-issued money whose value comes from legal backing and public trust rather than a physical commodity like gold. Think of it as an official IOU that everyone agrees to accept for buying goods, paying debts and valuing assets. For investors, fiat matters because central bank decisions, inflation and currency stability directly affect returns, purchasing power and cross-border investment risk.

on-chain finance financial

On-chain finance uses blockchains to run financial services and record transactions directly on a shared digital ledger, often with programmable smart contracts replacing traditional intermediaries like banks or brokers. It matters to investors because it can make transactions faster, more transparent and automated—think of a shared spreadsheet that executes agreed rules itself—while shifting custody, fees, liquidity and regulatory risk in ways that can increase opportunity but also introduce new technology and legal risks.

nationally chartered bank regulatory

A nationally chartered bank is a bank licensed and overseen by the federal government rather than by a state, meaning it follows nationwide rules and supervision and typically participates in the national deposit insurance and central bank systems. For investors, that federal oversight and uniform rule set can affect a bank’s stability, compliance costs and ability to operate across state lines—much like a business with a national license versus many local permits.

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Regulated banking infrastructure enables companies to hold deposits, move money, and operate 24/7 through fiat or stablecoins. Initial participants will include Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, Jupiter, Mesh Payments, and Mastercard. The platform is expected to leverage Solana, alongside other blockchain networks.

SAN FRANCISCO--(BUSINESS WIRE)-- SoFi Technologies, Inc. (NASDAQ: SOFI), the one-stop shop for digital financial services, today announced the launch of SoFi Big Business Banking, a new offering that gives enterprise partners the ability to manage both fiat and crypto banking from a single, nationally chartered bank.

This launch builds on SoFi’s integration of blockchain into its core platform. Over the last year, SoFi has enabled members to buy, sell and hold crypto, launched SoFiUSD, and built the regulated infrastructure connecting traditional and on-chain finance. Big Business Banking brings it all together, enabling any company operating across both traditional and digital finance to hold deposits, move money and settle transactions 24/7 within SoFi’s regulated banking platform.

“To be competitive businesses today must operate in a global, always-on environment 24 hours a day, 7 days a week, while legacy banks typically still operate 9 to 5, Monday to Friday,” said Anthony Noto, CEO of SoFi. “SoFi Big Business Banking is changing that by combining the strength and regulatory foundation of a nationally chartered bank with the speed, scale, and flexibility companies need to move and manage money or digital assets in real time.”

Introducing SoFi Big Business Banking

SoFi Big Business Banking combines the strength of a nationally chartered bank and direct access to the Federal Reserve with modern, API-driven capabilities. The result is a simpler, faster way for companies to make payments, access liquidity, and operate in real time at scale.

Key capabilities of SoFi Big Business Banking will include:

Regulated Business Deposit Accounts: High-capacity accounts that allow companies to hold funds directly within SoFi’s regulated bank, providing transparency and institutional-grade safeguards.
Real-Time, API-Driven Payments: 24/7/365 money movement and settlement, including payments in fiat or SoFiUSD or selected crypto currencies, enabling businesses to operate at the speed of global markets without the limitations of traditional banking hours.
Digital Asset Enablement: Foundational support for the “mint and burn” of SoFiUSD, allowing for the instant conversion between fiat and digital assets while maintaining reserves within SoFi’s regulated environment.
Unified Financial Operations: A single, integrated interface for managing both traditional banking and digital asset activity, reducing complexity and reliance on multiple intermediaries.

SoFi gives businesses one regulated partner to hold funds, move money or crypto coins, and operate in real time, instead of having to rely on multiple providers of fiat and crypto currencies. As companies increasingly operate across both fiat and digital assets, SoFi is built to support those needs at scale.

The launch of SoFi’s Big Business Banking is supported by a foundational ecosystem of industry-leading firms who are leveraging the platform and supporting the institutional launch of SoFiUSD. Participants will be able to utilize SoFi’s regulated infrastructure to build the next generation of scalable financial services. Initial firms will include Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, Jupiter, Mesh Payments and Mastercard. The platform is expected to leverage Solana, alongside other blockchain networks.

Businesses, institutions and developers interested in exploring infrastructure partnerships with SoFi can reach out to bbb@sofi.org and learn more about SoFi Big Business Banking here.

About SoFi

SoFi Technologies (NASDAQ: SOFI) is a one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. 13.7 million members trust SoFi to borrow, save, spend, invest, and protect their money and buy, sell and hold their crypto – all in one app – and get access to financial planners, exclusive experiences, and a thriving community. Fintechs, financial institutions, and brands use SoFi’s technology platform Galileo to build and manage innovative financial solutions across 128 million global accounts. For more information, visit www.sofi.com or download our iOS and Android apps.

Disclosure:

Availability of Other Information About SoFi

Investors and others should note that we communicate with our investors and the public using our website (https://www.sofi.com), the investor relations website (https://investors.sofi.com), and on social media (X and LinkedIn), including but not limited to investor presentations and investor fact sheets, Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that SoFi posts on these channels and websites could be deemed to be material information. As a result, SoFi encourages investors, the media, and others interested in SoFi to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on SoFi’s investor relations website and may include additional social media channels. The contents of SoFi’s website or these channels, or any other website that may be accessed from its website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

Cautionary Statement Regarding Forward-Looking Statements

Certain of the statements above are forward-looking and as such are not historical facts. This includes, without limitation, statements regarding expectations for the partnership between SoFi and each of the partners referenced above, as well as the roll-out of future products, SoFi’s ability to navigate the regulatory environment related to the products it launches, demand for SoFi products, expectations regarding the future of financial services and the adoption of digital assets, and the financial position, business strategy and plans and objectives of management for SoFi’s future operations. These forward-looking statements are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. Words such as “expect”, “could”, “continue”, “future”, “may”, “plan”, “will”, “will be”, “will continue”, and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include: (i) the impact on each of SoFi’s and their partners’ business as a result of the regulatory environment, changes in governmental policies, changes in personnel and resources of the governmental agencies that regulate us, and complexities with compliance related to such environment; (ii) SoFi’s and their partners’ ability to continue to drive brand awareness and realize the benefits of their respective marketing and advertising campaigns; (iii) SoFi’s ability to manage planned products effectively and expectations regarding the development and expansion of its business; (iv) SoFi’s ability to predict the demand for new products and the future of the financial services industry; (v) SoFi’s ability to develop new products, features and functionality that are competitive and meet market needs; (vi) SoFi’s ability to maintain the security and reliability of their respective products; and (vii) the outcome of any legal or governmental proceedings instituted against SoFi. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties set forth in the section titled “Risk Factors” in SoFi’s last annual report on Form 10-K as filed with the Securities and Exchange Commission, and those that are included in any future filings with the Securities and Exchange Commission. These forward-looking statements are based on information available as of the date hereof and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing SoFi’s views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

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