SoFi Unveils 'Big Business Banking' Platform Combining Fiat and Crypto Operations

SoFi Technologies Inc has expanded its reach into cryptocurrency and banking services with the launch of 'Big Business Banking', a 24/7 platform that enables businesses to hold deposits, transfer funds, and settle transactions in both traditional and digital assets.

The new service combines regulated banking with real-time financial infrastructure, meeting growing demand for always-on financial systems. According to CEO Anthony Noto, it's essential for businesses to operate in a global, always-on environment to remain competitive.

SoFi has partnered with several crypto-native and institutional partners, including Cumberland, Bullish (BLSH), BitGo, B2C2, Fireblocks, Wintermute, Galaxy (GLXY), and Jupiter (JUP), to launch the platform. It will leverage Solana (SOL) alongside other blockchain networks.

SoFi's 'Big Business Banking' program comes after the company became the first nationally chartered bank to offer in-app consumer crypto trading last November. The new service expands SoFi's push into digital assets, following the introduction of its stablecoin and institutional settlement infrastructure.