SoFi Technologies (SOFI) has launched SoFi Big Business Banking, a new platform that allows companies to manage both traditional money and digital assets in a single regulated environment. The launch marks another major step in SoFi’s push to integrate blockchain technology into its core financial platform.
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The new offering allows large companies to hold U.S. dollars, convert them into stablecoins, and manage digital assets within a nationally-chartered bank.
Bringing Traditional and Digital Finance Together
Over the past year, SoFi has rolled out several blockchain-driven features, including the ability for members to buy, sell, and hold crypto, the launch of its SoFi USD stablecoin, and the creation of regulated infrastructure that connects traditional finance with on‑chain activity.
Big Business Banking brings these pieces together, giving companies a unified way to hold deposits, move money, and settle transactions 24/7 within SoFi’s regulated banking environment.
The launch is backed by a network of industry‑leading firms that will use SoFi’s infrastructure and support the institutional rollout of SoFiUSD. Early participants include Mastercard (MA), Cumberland (CPIX), BitGo (BTGO), Galaxy (GLXY), and Fireblocks. The platform is also expected to leverage Solana and other blockchain networks to support high‑speed settlement.
Is SoFi Stock a Good Buy Now?
Wall Street has a Hold consensus rating on SoFi stock based on five Buy, eight Hold, and three Sell recommendations. The average SOFI stock price target of $24.96 indicates 60.05% upside potential.
