Digital banking platform SoFi Technologies has recently launched a new platform called Big Business Banking, aimed at helping businesses manage fiat and cryptocurrency transactions within a regulated system.
According to an announcement released on Thursday, the platform enables companies to make deposits, transfer funds, and settle transactions around the clock, supporting the use of both traditional currencies and digital assets, integrating functionalities that are typically scattered across banks, custodians, and crypto service providers.
Additionally, the platform supports the issuance and redemption of its stablecoin SoFiUSD, allowing businesses to convert between fiat and on-chain assets while maintaining reserves within a regulated banking environment.
This launch has seen participation from companies such as Cumberland, BitGo, Bullish, B2C2, Fireblocks, Wintermute, Jupiter, Galaxy, Mesh Payments, and Mastercard, reflecting early demand from trading, payment, and infrastructure providers.
SoFi stated that the system is expected to connect with blockchain networks, including Solana, to support on-chain settlements.
As SoFi expands from traditional banking services, cryptocurrency firms are also building similar infrastructures to integrate digital assets into institutional systems.
