SoFi targets idle crypto cash with interest-bearing tokenized deposit
Oct 22 2026 12:05 UTC
SoFi Technologies on Thursday launched a "tokenized deposit" product that lets customers earn interest on cash set aside for crypto purchases, while offering protections similar to those of a traditional bank deposit.
➤ SoFi has launched a 'tokenized deposit' product allowing customers to earn interest on cash designated for crypto purchases, offering FDIC insurance.
➤ This product aims to capture yield from idle crypto cash, competing with interest-bearing stablecoins, especially after regulatory changes like the GENIUS Act.
➤ The move signifies traditional financial institutions entering the crypto space with regulated, bank-issued alternatives to non-bank stablecoins.
Read more at: https://rwatimes.io/articles/reuters-so-fi-targets-idle-crypto-cash-with-interest-bearing-tokenized-deposit-2621447283?utm_source=binance
Oct 22 2026 12:05 UTC
SoFi Technologies on Thursday launched a "tokenized deposit" product that lets customers earn interest on cash set aside for crypto purchases, while offering protections similar to those of a traditional bank deposit.
➤ SoFi has launched a 'tokenized deposit' product allowing customers to earn interest on cash designated for crypto purchases, offering FDIC insurance.
➤ This product aims to capture yield from idle crypto cash, competing with interest-bearing stablecoins, especially after regulatory changes like the GENIUS Act.
➤ The move signifies traditional financial institutions entering the crypto space with regulated, bank-issued alternatives to non-bank stablecoins.
Read more at: https://rwatimes.io/articles/reuters-so-fi-targets-idle-crypto-cash-with-interest-bearing-tokenized-deposit-2621447283?utm_source=binance