SoFi Rolls Out Institutional Platform Combining Fiat and Crypto Rails
Cointelegraph
SoFi has launched a new institutional platform allowing businesses to manage fiat and cryptocurrency transactions within a single, regulated banking environment.Summary
SoFi Technologies has introduced Big Business Banking, an integrated platform designed for institutional clients to manage both fiat and digital assets. The service allows companies to hold deposits, move funds, and settle transactions 24/7, effectively consolidating functions previously split across multiple providers. A key feature includes support for the company’s stablecoin, SoFiUSD, enabling seamless conversion between traditional currencies and on-chain assets. Early partners include major firms such as Mastercard, Galaxy, and Fireblocks, with plans to integrate with blockchain networks like Solana for improved settlement efficiency.
(Source：Cointelegraph)