SoFi has launched Big Business Banking, a product designed to let companies manage fiat and crypto banking through a single regulated platform.
The service sits within SoFi's nationally chartered bank and is aimed at businesses that need to hold deposits, move money and settle transactions outside traditional banking hours. It is intended to support round-the-clock operations across conventional payments and stablecoin-based transfers.
The offering combines business deposit accounts, payment rails, and digital asset functions into a single system. SoFi plans to provide regulated deposit accounts, real-time API-based payments, and support for the minting and burning of SoFiUSD, its stablecoin, so clients can convert between fiat money and digital assets while reserves remain within SoFi's banking environment.
The launch marks a further step into blockchain-based financial services, following SoFi's addition of crypto trading and custody functions for retail customers and the introduction of SoFiUSD. Big Business Banking extends that work to corporate users, especially those operating across both conventional finance and digital asset markets.
Initial participants include Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, Jupiter, Mesh Payments and Mastercard. The platform is expected to use Solana alongside other blockchain networks.
Corporate focus
The move places SoFi more directly in the market for regulated banking infrastructure serving institutional digital asset firms and companies seeking a single provider for cash management and token-based settlement. Banks and fintech groups have been testing ways to combine conventional account services with blockchain settlement tools as corporate clients seek faster payments and access to digital asset markets.
For these clients, one of the main issues has been the split between regulated banking partners and separate crypto service providers. SoFi is positioning its new service as a way to bring those activities onto one platform, rather than requiring companies to use multiple intermediaries for deposits, transfers and digital asset transactions.
Chief executive Anthony Noto said the product addresses a gap between modern market hours and the timetables of many established banks.
"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," Noto said. "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."
Banking and crypto
The service will give businesses direct access to deposit accounts held within SoFi's regulated bank, along with payment functions that can operate continuously. Clients will also be able to send and settle payments in fiat, SoFiUSD or selected cryptocurrencies.
The emphasis on a regulated structure is likely to be central to SoFi's pitch to larger firms. In the US market, institutions dealing with digital assets have often faced patchy access to banking services, with many providers relying on a mix of specialist crypto firms, payment processors and banking partners to complete routine treasury and settlement work.
By linking deposits, payments, and stablecoin conversion in one place, SoFi is trying to address a practical issue for trading firms, payment businesses, and fintech groups that operate across on-chain and off-chain systems. The named launch participants from market-making, custody, payments, and blockchain infrastructure suggest it is targeting firms with high transaction volumes and constant settlement needs.
Several of the initial users are well-known in digital asset trading and infrastructure. Cumberland, B2C2, Wintermute and Galaxy are active in institutional crypto markets, while BitGo and Fireblocks provide custody and transaction services. Mesh Payments and Mastercard point to a broader payments use case beyond pure trading activity.
Platform strategy
The launch also underscores SoFi's broader strategy to expand beyond consumer financial products. Alongside its retail lending, saving and investing services, the group operates Galileo, a technology platform used by fintechs, financial institutions and brands. The new corporate banking service adds another business tied to financial infrastructure rather than direct consumer distribution.
SoFi said 13.7 million members use its consumer products, while Galileo supports 128 million global accounts. Those figures illustrate the scale of the company's existing financial technology operations as it expands into institutional banking linked to digital assets.
SoFi has not disclosed financial terms for the launch or detailed pricing for corporate clients. It has, however, presented the service as a regulated route for companies that need to manage both bank deposits and blockchain-based transfers through one provider.