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SoFi launches interest-bearing, FDIC-insured tokenized deposit for crypto users

The Block

Publisher

Oct 22, 2026 at 12:00 PM UTC · Updated 2 hours ago · 1 min read

SoFi launches interest-bearing, FDIC-insured tokenized deposit for crypto users
Image via The Block

SoFi launches interest-bearing, FDIC-insured tokenized deposit for crypto users The Block

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Originally reported by The Block

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SoFi Launches Tokenized Deposit That Earns 4.4% and Converts to a Stablecoin

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More Tokenization Coverage

SoFi unveils bank-issued tokenized deposit for yield-bearing crypto fundsLEGAL FIRE

SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds

SoFi Bank launched SoFi Earn, a tokenized deposit paying 4.40% APY with FDIC coverage, allowing users to convert funds to stablecoins 24/7.

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SoFi Launches Tokenized Deposit That Earns 4.4% and Converts to a StablecoinSTABLE WATCH

SoFi Launches Tokenized Deposit That Earns 4.4% and Converts to a Stablecoin

Each SOFIE token represents $1 on deposit at SoFi Bank, earning 4.40% APY with FDIC insurance—a yield-and-protection combination ordinary stablecoins lack.

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