Digital banking platform SoFi Technologies has launched Big Business Banking. The new service allows companies to hold deposits, move funds, and settle transactions around the clock using either traditional currencies or digital assets.
It also supports the issuance and redemption of SoFi's own dollar-backed stablecoin, SoFiUSD, enabling businesses to convert between fiat and on-chain assets within a regulated banking environment.
The rollout includes participation from major firms including Cumberland, BitGo, Bullish, B2C2, Fireblocks, Wintermute, Jupiter, Galaxy, Mesh Payments, and Mastercard. SoFi said the system is expected to connect with blockchain networks, including Solana.
This move deepens SoFi's push into digital assets. In June, the bank resumed crypto trading for users and expanded blockchain-based remittance services. In December, it launched the SoFiUSD stablecoin.
Crypto-native companies are also building similar institutional infrastructure. This week, Ripple added digital asset capabilities to its treasury platform. Several platforms, including EDX Markets and Zerohash, are pursuing U.S. banking licenses to offer integrated crypto financial services.