SoFi has launched Big Business Banking, an enterprise platform built on Solana that allows companies to hold deposits, move funds, and settle transactions 24/7 in either fiat or crypto. The product places those services inside a single federally regulated bank, targeting a long-standing gap between always-open markets and banking systems that still run on fixed business hours.
CEO Anthony Noto described that gap plainly, saying businesses now need to operate in a global environment around the clock while legacy banks generally remain tied to weekday schedules. SoFi’s new platform is meant to combine business accounts, money movement, and settlement into one structure that can handle both traditional currency and digital assets at any hour.
Launch group includes trading, custody, payments, and market infrastructure firms
Ten firms joined as initial participants: Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, Jupiter, Mesh Payments, and Mastercard. The list spans several core layers of institutional crypto infrastructure, from custody and trading to payments and settlement rails. That makes the launch less about consumer-facing crypto access and more about enterprise cash management and transaction flow.
Mastercard stands out in that group. The report notes that the payments company announced a $1.8 billion acquisition of stablecoin infrastructure firm BVNK last month, with the deal still awaiting regulatory approval. Its role as a launch partner on SoFi’s regulated crypto banking platform adds another link between traditional payment networks and blockchain-based settlement systems.
Three milestones in five months moved SoFi from retail trading to enterprise banking
This rollout follows a short but clearly sequenced buildout. In November 2025, SoFi said it became the first nationally chartered US bank to offer retail crypto trading. In February 2026, it became the first in that category to enable direct on-chain Solana deposits for its 13.7 million members. The enterprise launch extends that same foundation to business clients, bringing institutional fiat and crypto banking onto Solana rails.
The progression is straightforward. Retail trading came first, then direct blockchain deposits, and now business banking and settlement. Big Business Banking is the point where those earlier retail capabilities and newer institutional services come together on one platform.
SoFiUSD adds an in-house stablecoin layer for conversion and settlement
The platform also introduces SoFiUSD, SoFi’s native stablecoin. According to the report, the token includes mint and burn functions that enable instant conversion between fiat and digital assets while reserves remain inside SoFi’s regulated bank. Companies using the platform can settle in fiat, SoFiUSD, or selected cryptocurrencies.
At the time of publication, SOL was trading at $77.44, down 7.04% over the past 24 hours. SOFI shares closed at $15.63, down 1.57%, and slipped further to $15.10 in after-hours trading. The infrastructure is already live, with attention now turning to whether other firms in the sector adopt similar models.