SoFi has introduced SoFi Big Business Banking, a new platform designed to let companies manage both U.S. dollars and digital assets within a regulated banking environment. The service enables firms to hold dollars, convert funds into stablecoins such as SoFiUSD, and transfer money at any time without relying on traditional banking hours.
The platform addresses a long standing challenge in crypto finance, where companies typically depend on separate providers for banking, stablecoin issuance and custody. These fragmented systems often slow payments and settlements, sometimes taking hours or days to complete.
Stablecoin Conversion and Blockchain Settlement Tools
Under the system, businesses can deposit U.S. dollars, convert them into SoFiUSD and move funds instantly across blockchain networks, including Solana. The stablecoin is issued and redeemed directly within SoFi’s regulated balance sheet, with reserves held internally.
Industry Partners Signal Growing Adoption
Early partners include Cumberland, Wintermute, Galaxy, BitGo and Bullish. SoFi CEO Anthony Noto stated that modern businesses require financial systems operating around the clock. The launch highlights a wider trend of merging traditional banking infrastructure with blockchain technology to simplify global money movement and reduce reliance on multiple intermediaries.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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