Fintech company SoFi has launched Big Business Banking, a corporate banking platform that processes fiat-currency and crypto operations under a single regulatory system.

According to a recent report by The Block, the service lets businesses hold deposits, transfer funds and conduct 24-hour trade settlement in both traditional currencies and digital assets.

The platform is operated through SoFi Bank, which holds a nationwide banking charter. Customers can directly access regulated banking services while also using blockchain-based payment and settlement rails. SoFi also supports 24-hour payments and liquidity management.

SoFi provides corporate deposit accounts within the bank and API-based payments. It supports fiat currency, SoFi's stablecoin SoFiUSD and some cryptocurrencies as payment methods. It also includes tools to convert between fiat and digital assets.

The platform includes functions to mint and burn SoFiUSD. It also offers an integrated interface to manage traditional finance and on-chain activity on a single screen. Early partners include Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy and Jupiter. The infrastructure uses multiple blockchain networks, including Solana.

Over the past year, SoFi has supported retail crypto trading and introduced the SoFiUSD stablecoin. It also built settlement infrastructure for financial institutions. Last month, it also signed a partnership with Mastercard to expand stablecoin settlement to a global payments network.