SoFi Launches Enterprise Banking Program With Crypto-Native Infrastructure
SoFi has launched SoFi Big Business Banking, a new enterprise-grade commercial banking offering that integrates traditional fiat accounts with crypto rails and its proprietary tokenized deposit product, SoFiUSD. The program employs a 'stablecoin sandwich' model, converting fiat to SoFiUSD and back, enabling instant settlements around the clock while maintaining deposits on SoFi's regulated banking balance sheet. This positions SoFi uniquely between traditional banks and fintechs, targeting global businesses that require always-on financial services beyond the limitations of legacy banking hours.
SoFi CEO Anthony Noto emphasized the product combines the strength of regulated banking with the speed and flexibility of crypto infrastructure. The product is already live with a notable roster of initial clients spanning crypto-native firms and major financial players, including Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, Jupiter, Mesh Payments, and Mastercard. The offering supports payments, fund access, and operational workflows across fiat, crypto, and SoFiUSD, providing embedded banking capabilities for enterprises with complex treasury and settlement needs.
- SoFi's move into enterprise banking with crypto-native infrastructure signals a convergence of chartered banks and digital asset rails, blurring the line between BaaS providers and traditional commercial banks.
- The 'stablecoin sandwich' model — wrapping fiat in tokenized deposits for instant settlement — could become a template for other banks seeking to embed real-time, always-on payment capabilities without relying on third-party stablecoin issuers.
- Mastercard's participation as an initial client validates institutional demand for bank-led crypto infrastructure and may accelerate embedded finance partnerships between card networks and crypto-enabled banks.
- OfficialSofi — Press Release
- NewsFinovate — Apr 2026