San Francisco, April 2, 2026, 14:00 PDT.
SoFi Technologies, Inc. rolled out its Big Business Banking platform Thursday, giving enterprise customers tools to handle both fiat and crypto via the company’s nationally chartered bank. The stock climbed roughly 1.5%, trading near $15.85.
Timing’s key here. SoFi’s latest launch throws the company further into the payments and financial plumbing world, just weeks out from its April 29 first-quarter report. Investors are already zeroed in on whether fee-driven lines can keep picking up the slack, after they juiced profits in the fourth quarter.
SoFi announced a new platform giving businesses the ability to hold deposits, transfer funds, and settle transactions around the clock, supporting both dollars and stablecoins—those digital tokens pegged to the dollar’s value. Among the early adopters: Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, Jupiter, Mesh Payments, and Mastercard. CEO Anthony Noto called out the shift to an “always-on environment” for companies, contrasting it with legacy banks that still stick to “9 to 5.” SoFi Investors
The launch marks another step in SoFi’s ongoing crypto expansion, which picked up pace late last year. November brought consumer crypto trading; a month later, SoFiUSD, the company’s stablecoin, debuted. By March, SoFi announced Mastercard would begin settling transactions in SoFiUSD on parts of its network.
The race among crypto firms is picking up pace. Coinbase on Thursday announced it has secured conditional U.S. approval for a national trust company charter. Back in February, Crypto.com landed similar conditional OCC approval. Both moves highlight the sector’s ongoing shift into regulated custody and settlement.
Abdul Bhatti, senior director at Simon-Kucher, described the move to combine traditional and crypto banking on a single platform as a “defensive play” aimed at guarding wallet share, according to American Banker. James Wester from Javelin Strategy & Research pointed out there’s still “a long way to go” before a full merger happens between the two, citing gaps in custody, compliance, and risk. American Banker
SoFi has been busy on other fronts, too. On March 26, the company announced fresh loan-platform deals: one with a global bank, another with a top-five asset manager, plus a third with a major financial services and insurance group. Together, those agreements are set to bring in more than $3.6 billion in expected personal-loan funding. The structure lets SoFi collect fees without having to hold every loan itself. Back in January, SoFi posted record adjusted fourth-quarter revenue of $1 billion.
Even so, any payoff might not come quickly. Institutions could hold off on merging cash and digital-asset units for longer than SoFi anticipates. Back in March, Muddy Waters alleged SoFi has at least $312 million in unreported debt and flagged other errors. SoFi, for its part, dismissed the claims as misleading and said it was weighing a lawsuit.
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