SoFi Integrates Solana Deposits, Expanding Banking Blockchain Link

SoFi, a US-chartered bank with over 13 million users, has made a significant move in the world of cryptocurrency by becoming the first nationally chartered bank to support Solana deposits. This development allows users to directly send Solana (SOL) network deposits into their SoFi crypto accounts from external wallets.

The integration enables on-chain crypto transfers within the regulated banking framework, expanding SoFi's digital asset offering beyond simple brokerage-style exposure. Users can now manage their balances alongside checking and savings accounts in a single interface.

This move is notable as it connects a traditional bank charter with a live blockchain network, a rare occurrence among nationally chartered US banks. SoFi has grown into a mid-sized US bank with over $50 billion in assets and tens of billions in deposits, making this integration a significant step forward for the digital asset ecosystem.