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SoFi is launching a 24/7 banking hub that blends traditional cash with crypto

SoFi is launching a 24/7 banking hub that blends traditional cash with crypto

SoFi said Thursday it is launching a new business banking platform designed to let companies handle both traditional money and crypto in one place, as it pushes deeper into digital assets.

The service, called SoFi Big Business Banking, allows firms to hold U.S. dollars, convert them into stablecoins and move funds around the clock, all within SoFi’s regulated bank.

Today, companies operating in crypto often rely on a patchwork of providers: a bank for cash, a separate firm for stablecoins and another for custody. Moving money between them can take hours or days. SoFi said it is trying to simplify that.

“To be competitive, businesses today must operate… 24 hours a day, 7 days a week,” SoFi CEO Anthony Noto said in a press release,…

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