SoFi has launched a new business banking platform designed to integrate traditional cash and crypto, allowing companies to manage both within a regulated banking environment.
The service, called SoFi Big Business Banking, enables firms to hold U.S. dollars, convert them into stablecoins such as SoFiUSD and move funds instantly across blockchain networks.
“To be competitive, businesses today must operate… 24 hours a day, 7 days a week,”
Said SoFi CEO Anthony Noto.
The platform aims to replace fragmented systems where companies rely on separate providers for banking, stablecoins and custody, often resulting in delays in moving capital.
Early partners including Mastercard, Cumberland, Wintermute, Galaxy, BitGo and Bullish are expected to use the system to improve transaction speed and settlement efficiency.
A key feature is SoFiUSD, a stablecoin issued within the bank and backed by reserves on its balance sheet, offering a regulated alternative to existing tokens.
The move reflects a broader trend of convergence between traditional finance and blockchain, as institutions seek faster, always-on payment infrastructure.