Key Highlights
- SoFi has introduced high-capacity business deposit accounts at its nationally chartered, FDIC-insured bank, enabling companies to manage traditional cash, the fully reserved SoFiUSD stablecoin, and select cryptocurrencies on a single platform with instant “mint and burn” conversions.
- The service offers API-driven, always-on payments that overcome legacy banking’s 9-to-5 limitations. It leverages blockchain networks including Solana for fast, low-cost settlements, building on SoFi’s earlier milestone as the first U.S. national bank to support direct on-chain Solana deposits.
- Early participants include major crypto firms such as Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, Jupiter, Mesh Payments, and Mastercard. Solana highlighted the news, noting SoFi’s scale now using its infrastructure for enterprise fiat and stablecoin activities.
SoFi Technologies has launched Big Business Banking, a new platform that lets companies handle traditional cash and cryptocurrency operations under one regulated roof.
As per the official release, the service gives businesses high-capacity deposit accounts at its nationally chartered bank, along with 24/7 real-time payments via API. Users can move funds in fiat dollars, SoFi’s own fully reserved SoFiUSD stablecoin, or select cryptocurrencies without switching providers.
“SoFi Big Business Banking is changing that by combining the strength and regulatory foundation of a nationally chartered bank with the speed, scale, and flexibility companies need to move and manage money or digital assets in real time,” CEO Anthony Noto said in a statement. He noted that legacy banks still largely operate on a 9-to-5 schedule while global business runs around the clock.
The platform supports instant “mint and burn” conversions between dollars and SoFiUSD, keeping reserves inside the FDIC-insured bank. It builds on SoFi’s earlier moves into crypto, including consumer trading and the December 2025 launch of its bank-issued stablecoin.
Some of the early participants being a part of the initiative include crypto market makers and infrastructure firms such as Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, Jupiter, Mesh Payments, and Mastercard. The system is expected to tap blockchain networks including Solana for faster settlements.
SoFi aims to simplify life for institutions juggling separate fiat banks and crypto custodians, offering a single point for deposits, liquidity, and payments in an increasingly blended financial world.
Solana’s role in the launch
Solana officially highlighted the news on its X account, describing SoFi as “a nationally chartered bank with 13.7M members and $50B+ in assets” now leveraging its blockchain for enterprise fiat and stablecoin activities.
The Big Business Banking platform taps Solana (along with other networks) for faster, low-cost settlements. This integration builds on SoFi’s February 2026 milestone as the first U.S. national bank to support direct on-chain Solana deposits for its retail users.
Solana’s high throughput—capable of thousands of transactions per second with sub-second finality and fees often under a penny—makes it well-suited for the always-on, real-time payments SoFi is targeting.
The move signals growing institutional comfort with Solana’s infrastructure for regulated financial services, moving beyond experimentation toward production use cases like stablecoin flows and enterprise transfers.
Why this matters for the industry
This launch positions SoFi as a bridge between traditional banking and crypto-native rails. With SoFiUSD fully backed 1:1 by cash equivalents held at the Federal Reserve and issued on public blockchains, the platform offers institutions a compliant way to access 24/7 liquidity and programmable money movement.
The company’s partnerships with Mastercard further expand potential use in card settlements, remittances, and B2B payments.
For businesses, the biggest draw is reduced operational friction. Instead of maintaining relationships with multiple banks, custodians, and exchanges, firms can handle deposits, conversions, and settlements in one regulated environment. The inclusion of high-profile crypto players as early participants suggests strong demand for such hybrid solutions.
The announcement coincides with a broader shift where regulated banks increasingly adopt blockchain technology to stay competitive in a global, 24/7 economy. SoFi’s combination of OCC oversight, FDIC insurance for deposits, and direct blockchain access could set a template for other institutions exploring similar offerings.
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