SoFi launches 'Big Business Banking' combining fiat and crypto on a single regulated platform

SoFi has launched a new enterprise-focused banking platform that brings fiat and crypto operations under a single regulated system, according to an announcement shared on Thursday.

Dubbed “Big Business Banking,” the product allows companies to hold deposits, move money, and settle transactions around the clock using both traditional currencies and digital assets.

The platform operates through SoFi’s nationally chartered bank, giving clients direct access to regulated banking services alongside blockchain-based rails.

Firms operating across both traditional finance and crypto markets, where settlement speed and constant uptime have become increasingly critical, are the main target for the hybrid product, according to the firm. SoFi said the platform enables 24/7 payments and liquidity management, removing the time constraints typical of legacy banking systems.

"To be competitive, businesses today must operate in a global, always-on environment," SoFi CEO Anthony Noto said, adding that the new offering combines regulated banking with real-time financial infrastructure.

SoFi’s newly launched system includes business deposit accounts held within the bank, API-driven payments supporting fiat, its SoFiUSD stablecoin, and selected cryptocurrencies. Tools for converting between fiat and digital assets — including minting and burning SoFiUSD — are also available, per details shared by the team.

It also offers a unified interface for managing both traditional and onchain financial activity.

SoFi said the platform is launching with a group of crypto-native and institutional partners, including Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, and Jupiter. The infrastructure will leverage Solana alongside other blockchain networks.

SoFi's expanding crypto footprint

The company has been expanding its crypto footprint over the past year, including enabling retail trading, introducing its SoFiUSD stablecoin, and building settlement infrastructure for financial institutions.

Last month, SoFi partnered with Mastercard to extend stablecoin settlement across global payment networks.

The service operator is also scaling its core business. Previously, the firm reported its first $1 billion revenue quarter and $174 million profit in the fourth quarter, supported in part by growth tied to its digital asset offerings.