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SoFi announces the launch of an enterprise-grade banking platform, integrating fiat currency and digital assets.
Deep Tide TechFlow message. On April 2, according to The Block, SoFi officially launched its business-focused banking platform, “Big Business Banking,” which supports enterprises in managing fiat and crypto assets in a single regulated system.
The platform operates based on the nationwide banking licenses held by SoFi, providing 24/7 payment and liquidity management services. It supports API-driven payments for fiat, the SoFiUSD stablecoin, and certain cryptocurrencies, and includes tools to convert between fiat and digital assets, including SoFiUSD minting and burning functionality.
The first batch of partner institutions includes Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, and Jupiter. The underlying infrastructure will be built on Solana and other blockchain networks.