SoFi launches Big Business Banking, allowing enterprises to manage both fiat and digital assets seamlessly. Leveraging SoFi Bank’s national charter, FDIC insurance, and Federal Reserve membership, the platform provides large-scale deposit accounts, real-time settlement, and API-driven payments. CEO Anthony Noto claims it offers a secure, always-on financial operation solution. Initial support includes major players like Mastercard and Solana.
Big Business Banking starts operations on Solana and other networks, aiming to simplify financial processes and bridge traditional banking with blockchain systems. SoFi now reports its first quarter with over $1 billion in net revenue.