SoFi Launches Tokenized Deposit Product Offering 4.4% Interest on Crypto Cash
Oct 22 2026 16:07 UTC - Hassan Shittu
SoFi launches SOFIE, a tokenized bank deposit offering 4.40% APY on eligible crypto cash, with FDIC insurance subject to coverage limits and conversion into SoFiUSD.
➤ SoFi has launched SOFIE, a tokenized bank deposit product offering 4.40% APY on eligible cash intended for cryptocurrency purchases.
➤ These deposits are FDIC insured up to coverage limits, distinguishing them from uninsured crypto assets and providing a yield on idle funds.
➤ Customers can convert SOFIE into SoFiUSD, a stablecoin, enabling seamless integration between traditional banking and blockchain-based transactions.
Read more at: https://rwatimes.io/articles/coincodex-so-fi-launches-tokenized-deposit-product-offering-4-4-interest-on-crypto-cash-2420506129?utm_source=binance
Oct 22 2026 16:07 UTC - Hassan Shittu
SoFi launches SOFIE, a tokenized bank deposit offering 4.40% APY on eligible crypto cash, with FDIC insurance subject to coverage limits and conversion into SoFiUSD.
➤ SoFi has launched SOFIE, a tokenized bank deposit product offering 4.40% APY on eligible cash intended for cryptocurrency purchases.
➤ These deposits are FDIC insured up to coverage limits, distinguishing them from uninsured crypto assets and providing a yield on idle funds.
➤ Customers can convert SOFIE into SoFiUSD, a stablecoin, enabling seamless integration between traditional banking and blockchain-based transactions.
Read more at: https://rwatimes.io/articles/coincodex-so-fi-launches-tokenized-deposit-product-offering-4-4-interest-on-crypto-cash-2420506129?utm_source=binance