SoFi Technologies has launched SoFi Big Business Banking, a new platform aimed at business and institutional clients that want to manage traditional banking and digital asset activity through a single regulated provider. Built on SoFi Bank, N.A., the offering allows companies to hold deposits, move money, and settle transactions in fiat currency, SoFiUSD, and certain cryptocurrencies on a 24/7/365 basis.
The launch positions SoFi against the limitations of the legacy banking model, where business banking services often slow down or stop outside standard working hours. According to the company, the new platform is designed for institutions that operate across global markets and need constant access to payments, treasury movement, and digital asset settlement without relying on a patchwork of banks, custodians, and crypto service providers.
A Regulated Bridge Between Traditional and Digital Finance
SoFi framed the product as a direct answer to a growing business need: the ability to move capital in real time across both fiat and blockchain-based systems. CEO Anthony Noto said modern businesses compete in a global environment that runs around the clock, while many traditional banks still effectively operate on a Monday-to-Friday schedule. He described Big Business Banking as a way to combine the strength and regulatory oversight of a nationally chartered bank with the speed and flexibility companies need to manage funds and digital assets in real time.
That regulatory positioning is central to the product’s pitch. Because the platform runs through SoFi Bank, N.A., it benefits from a national bank charter and direct access to the Federal Reserve. This distinguishes it from fintech structures that depend on sponsor banks or offshore arrangements. Clients also gain access to FDIC-insured deposit accounts and institution-grade banking capabilities within the same environment.
What the Platform Offers
At its core, Big Business Banking is built to unify several functions that are often fragmented in the current market. Businesses can maintain U.S. dollar deposits, transfer funds in fiat or SoFiUSD, and settle transactions in selected cryptocurrencies. The service is powered through APIs, allowing businesses to automate operations and reduce the delays associated with conventional settlement windows.
SoFi said the platform is intended to eliminate friction for firms that currently juggle multiple intermediaries. Instead of using separate custodians, payment rails, and crypto counterparties, a company can access those capabilities through one regulated banking relationship. For treasury teams and institutional operators, that could simplify workflows while improving speed of movement between conventional and digital financial systems.
SoFiUSD and Blockchain Settlement Infrastructure
A major component of the new platform is SoFiUSD, SoFi Bank’s dollar-backed stablecoin. The company said the digital asset layer uses a mint-and-burn mechanism, allowing businesses to convert fiat into SoFiUSD instantly while keeping reserves inside SoFi’s regulated banking environment. This model is meant to preserve the compliance and custody advantages of a bank structure while enabling always-on digital settlement.
For blockchain rails, the company expects to use Solana alongside other networks. While the announcement does not provide a full technical breakdown of all supported chains or assets, it makes clear that SoFi sees public blockchain infrastructure as a settlement layer for enterprise payments and digital asset transfers. In practice, that could help businesses move value beyond the constraints of banking hours, especially for international operations and time-sensitive institutional flows.
Built on Earlier Crypto Expansion Moves
The April 2 launch did not arrive in isolation. It follows two foundational crypto initiatives by SoFi in late 2025. In November, the company said it became the first nationally chartered, FDIC-insured bank to offer retail cryptocurrency trading, allowing consumers to buy, sell, and hold assets such as bitcoin, ether, and solana directly in the SoFi app. In December, SoFi Bank introduced SoFiUSD, described as a fully reserved U.S. dollar stablecoin operating on a public, permissionless blockchain.
Big Business Banking brings those earlier components together for the enterprise market. Instead of focusing on retail users, the new service targets businesses and institutions that need regulated access to banking, payments, and digital asset settlement in one place. That makes it one of SoFi’s clearest pushes so far into the institutional crypto infrastructure segment.
Initial Rollout Includes Major Crypto and Payments Firms
SoFi said 10 companies are participating in the initial institutional rollout. Those firms are Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, Jupiter, Mesh Payments, and Mastercard. The participant list signals that the platform is geared toward sophisticated market actors rather than mainstream small businesses at this stage.
The Mastercard connection is especially notable. Earlier, SoFi Technologies and Mastercard announced plans to enable SoFiUSD settlement across Mastercard’s global payments network. While the current announcement focuses on the broader business banking platform, that previous partnership suggests SoFi is looking beyond internal transfers and toward wider real-world payment connectivity for its stablecoin infrastructure.
Galileo Provides the Backend Rails
The backend technology for the platform is supported by Galileo, SoFi’s technology arm known for API-based financial infrastructure. SoFi said Galileo currently supports more than 128 million accounts globally across fintechs, financial institutions, and brands. That scale gives the company a ready-made infrastructure base for expanding enterprise banking features without building every connection from scratch.
Galileo’s role also reinforces the API-first nature of Big Business Banking. For institutions that need automated treasury controls, embedded settlement, or programmable payment logic, a strong backend stack is likely to be as important as the bank charter itself. SoFi is clearly positioning the service not just as a bank account product, but as a broader infrastructure layer for regulated digital finance.
A Market Gap After Silvergate and Signature
The platform enters a market that has lacked robust regulated banking options for crypto-focused institutions since the collapse of Silvergate and Signature in 2023. Since then, much of the institutional crypto banking landscape has relied on informal arrangements, smaller banking partners, or fragmented service models. SoFi appears to be targeting that gap by offering a more integrated and explicitly regulated alternative.
This does not mean the company has opened the product to everyone. The current rollout is centered on enterprise and institutional clients, and SoFi has not announced a timeline for broader availability to small businesses. Still, the launch shows how a publicly traded financial company is trying to normalize stablecoin and crypto settlement within a national banking framework rather than outside it.
What It Means
SoFi had 13.7 million members at the time of launch, and its shares trade on Nasdaq under the ticker SOFI. With Big Business Banking, the company is extending its consumer-facing crypto efforts into a corporate and infrastructure-oriented strategy. The larger implication is that regulated banks may play a more direct role in digital asset settlement, especially where businesses want speed, compliance, and unified treasury management.
Whether this model gains broad traction will depend on client adoption, network reach, and execution. But based on the announcement, SoFi is making a clear bet: businesses increasingly want banking that does not stop when markets move, and stablecoins may become a practical tool for regulated, real-time enterprise settlement rather than just a crypto-native instrument.