SoFi Re-enters Crypto with Blockchain Money Transfers & Custody
SoFi Technologies announced it will relaunch crypto services—enabling users to buy, sell, hold, stake, and custody assets like Bitcoin and Ethereum—after a two-year hiatus tied to its national bank charter application. It’s also integrating blockchain-powered cross-border money transfers, converting USD into local currencies on-chain before depositing to recipients’ bank accounts. The fintech expects to roll out these features later in 2025, with a waitlist already open. This move comes amid more favorable regulatory guidance for federal banks engaging in crypto activities, and SoFi’s stock jumped 1.9% on the news.
