Search results for SoFi Bank
Crypto
SoFi bank to support XRP deposits; Ripple says accessibility expansion drives growth
U.S. SoFi Bank will support XRP deposits, allowing investors to use the token through a regulated banking platform. SoFi confirmed users can deposit XRP along with bitcoin, ether and solana as part of its in-app crypto service. Ripple said in a post on X that expanding accessibility is key to long-term growth, arguing that wider platform access can increase participation and strengthen overall utility.
Crypto
SoFi launches Big Business Banking to manage fiat and crypto on single regulated platform
Fintech company SoFi has launched Big Business Banking, a corporate banking platform that handles fiat-currency and crypto operations within a single regulatory system. Businesses can hold deposits, transfer funds and run 24-hour trade settlement in traditional currencies and digital assets. The platform runs through SoFi Bank and offers regulated banking services alongside blockchain-based payment and settlement rails, including SoFiUSD, selected cryptocurrencies and tools to convert between fiat and digital assets.
AI & Enterprise
BitGo launches institutional stablecoin minting and redemption service
BitGo has launched a service that allows institutional clients to mint, redeem and manage stablecoins and other digital assets, The Block reported on April 2. The service will initially support minting and redemption for World Liberty USD1 and SoFiUSD issued by SoFi Bank. SoFi Bank is an FDIC-insured depository institution regulated by the U.S. Office of the Comptroller of the Currency.