SoFi has announced the launch of SoFi Big Business Banking, a new platform designed to allow companies to manage both U.S. dollars and cryptocurrency, including stablecoins, within a regulated banking environment. The service represents an effort to bring traditional financial infrastructure and blockchain technology under one roof. SoFi positions the offering as a unified solution for businesses that currently rely on multiple separate providers.
The platform is intended to replace what SoFi describes as a fragmented system involving separate banks, stablecoin issuers, and custodians. Businesses using the service will have access to around-the-clock deposit capabilities and the ability to convert funds into SoFiUSD, the platform’s stablecoin. Transactions can then be moved instantly across blockchain networks, streamlining the settlement process.
Among the blockchain networks supported is Solana, which enables rapid movement of funds for participating businesses. The ability to settle transactions on-chain at any hour addresses a longstanding limitation of traditional banking, which typically operates within fixed business hours. SoFi frames this continuous availability as a core advantage of the new platform.
Several early partners have already committed to using the system. These include Cumberland, Wintermute, Galaxy, BitGo, and Bullish, all of which plan to leverage the platform to move and settle transactions more efficiently. Their participation signals institutional interest in solutions that bridge conventional banking with blockchain-based infrastructure.
The launch reflects a broader industry trend toward integrating regulated banking services with digital asset capabilities. By operating within a regulated bank, SoFi aims to offer the compliance and security associated with traditional finance alongside the speed and flexibility of blockchain networks. The combination is intended to appeal to businesses seeking to modernize their financial operations without sacrificing regulatory oversight.
Originally reported by CoinDesk.
