SoFi Technologies has launched "Big Business Banking," a new platform designed to enable corporate clients to manage both traditional fiat and cryptocurrency operations within a single, regulated banking infrastructure. This product allows companies to hold deposits, transfer funds, and settle transactions using either conventional currency or stablecoins on a 24/7 basis, marking a deeper move by SoFi into the institutional financial services sector.
The platform integrates SoFi's national bank charter and Federal Reserve access with API-driven capabilities, including real-time payments and support for digital asset issuance through its SoFiUSD stablecoin. Initial participants include firms such as Cumberland, BitGo, Galaxy, and Mastercard, indicating early acceptance among both crypto-native institutions and traditional financial players. The system is expected to utilize Solana and other blockchain networks.
This initiative also highlights how SoFi is seeking to differentiate itself from conventional banks. "Traditional banks often still operate on a Monday-through-Friday, nine-to-five model," stated CEO Anthony Noto. "SoFi Big Business Banking is changing that—it combines the strength and regulatory foundation of a nationally chartered bank with the speed, scale, and flexibility businesses need to move and manage funds or digital assets in real time."
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