SoFi Bank Launches Crypto Trading: First Nationally Chartered Bank to Offer Digital Assets

SoFi Technologies, Inc. has announced the launch of SoFi Crypto , establishing SoFi Bank, N.A. as the first and only nationally chartered, F...

SoFi Technologies, Inc. has announced the launch of SoFi Crypto, establishing SoFi Bank, N.A. as the first and only nationally chartered, FDIC-insured bank to offer consumers the ability to buy, sell, and hold crypto assets directly within their integrated financial app.

This launch is positioned as a "pivotal moment where banking meets crypto," combining the stability and regulatory oversight of a nationally chartered bank with the rapidly expanding digital asset market.

Integrated, Bank-Grade Security

The primary advantage of the SoFi Crypto offering is the promise of bank-grade stability and security. Members can now manage their digital assets alongside their traditional finances—banking, borrowing, and investing—all within a single, trusted application.

Key features and benefits of the new platform include:

1. Seamless Integration: Members can instantly use funds from their SoFi Money Checking or Savings accounts (which are FDIC-insured) to buy crypto without the friction and delays of external transfers.

2. Asset Range: The platform allows trading of dozens of cryptocurrencies, including major players like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

3. Security and Compliance: The platform is built with institutional-level security and rigorous compliance standards, overseen by national bank regulators, addressing consumer demand for a regulated, transparent crypto environment.

4. Education and Accessibility: SoFi is including in-app education and step-by-step guidance to make crypto accessible for both first-time and experienced users, helping them understand how digital assets fit into their overall financial planning.

Strategic Vision for Blockchain

CEO Anthony Noto highlighted that this launch is just the beginning of a broader strategy. The company believes blockchain technology will fundamentally change finance by making money movement faster, cheaper, and safer.

SoFi is already leveraging blockchain for global crypto-enabled remittances and has future plans to:

• Introduce a USD stablecoin.

• Integrate crypto into its lending and infrastructure services to unlock lower-cost borrowing and faster payments.

This move directly responds to market demand, with data indicating that a majority of SoFi members who own crypto would prefer to manage it with a licensed bank over a traditional crypto exchange.