SoFi Becomes First US Chartered Bank to Support Solana Network Deposits

SoFi bank has made history by becoming the first US chartered bank to support Solana (SOL) network deposits. This groundbreaking move allows 13.7 million users of the bank to send SOL directly to their SoFi crypto accounts from external wallets, expanding the possibilities for regulated banking and public blockchains.

The update enables direct on-chain deposits for a major public blockchain within a regulated national bank, which remains rare among nationally chartered US banks. This move tightens the link between traditional banking and digital assets, allowing users to manage balances alongside checking, savings, and other financial products in a single interface.