SoFi is entering commercial banking with a 24/7 model that combines fiat accounts, crypto rails, and its own tokenized deposit, SoFiUSD, to enable real-time money movement.
The company is taking a “stablecoin sandwich” approach, converting fiat to SoFiUSD and back again to enable instant settlement while keeping deposits on its balance sheet.
SoFi is positioning itself between banks and fintechs, aiming to deliver the speed of crypto-native players and the trust of a regulated bank in a single platform.
Lending and wealth management fintech SoFi is joining the commercial banking world with the launch of SoFi Big Business Banking, its new set of enterprise banking tools. The new offering comes with both fiat and crypto-native infrastructure that allows for 24/7 money movement.
The launch comes as part of SoFi’s new focus on integrating into the blockchain. Most recently, the company launched its own tokenized deposit, SoFiUSD, to settle its crypto trading business, offer faster settlement around the clock, power international remittances, and more.
“To be competitive businesses today must operate in a global, always-on environment 24 hours a day, 7 days a week, while legacy banks typically still operate 9 to 5, Monday to Friday,” said SoFi CEO Anthony Noto. “SoFi Big Business Banking is changing that by combining the strength and regulatory foundation of a nationally chartered bank with the speed, scale, and flexibility companies need to move and manage money or digital assets in real time.”
SoFi’s new business offering will help companies make payments, access funds, and operate in real time with a fully chartered bank. At launch, SoFi’s Big Business Banking comes with deposit accounts, fiat, crypto, and SoFiUSD payments. By leveraging digital currencies, SoFi is enabling businesses to transact outside of traditional banking hours. The company is taking the “stablecoin sandwich” approach, allowing businesses to convert from fiat to SoFiUSD, then back to fiat, enabling real-time settlement without relying on external rails, while ensuring deposits remain on SoFi’s balance sheet.
By combining fiat accounts, payments, and digital asset infrastructure into a single regulated platform, SoFi is positioning itself as the bank for a world where money moves 24/7 and across formats. While fintechs like Ramp are building the operating systems for how companies spend money, SoFi is making a play to own where that money lives—and increasingly, how it moves between traditional and on-chain systems.
SoFi’s Big Business Banking is already live. Initial clients include Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, Jupiter, Mesh Payments, and Mastercard.
Competition in the business banking space has been steadily rising for the past six years, and the use of blockchain rails is intensifying the pressure. Banks are piloting tokenized deposits and blockchain-based settlement, while payments firms like Stripe and Checkout.com are adding stablecoin capabilities to support faster global commerce. Crypto-native players, such as Circle and Coinbase, continue to offer 24/7 settlement outside the banking system entirely. SoFi is attempting to bring these models into a single offering that delivers the speed of stablecoins with the trust of a regulated bank. And because it has its own stablecoin, it doesn’t rely on external infrastructure.
Photo by DS stories
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