SoFi Launches SoFi Earn (SOFIE), the First and Only National Bank-Issued Tokenized Deposit for Consumers

The deposit’s FDIC protection does not extend to SoFiUSD or other digital assets after conversion.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Members can put their digital dollars to work earning 4.40% APY¹ with FDIC insurance², use them to buy crypto or move them 24/7 through SoFiUSD.

SAN FRANCISCO--(BUSINESS WIRE)-- SoFi Technologies, Inc. (NASDAQ: SOFI), the everything app for digital financial services, today announced the launch of SoFi Earn (SOFIE), the first and only national bank-issued tokenized deposit for consumers. SoFi members can now earn interest on digital dollars while keeping them ready to use, representing the company’s fifth new crypto offering in less than a year.

SoFi Earn brings the best of banking into the digital money ecosystem, giving consumers a new way to earn while keeping their funds ready for what’s next. Each SOFIE represents $1 held on deposit at SoFi Bank, earning 4.40% APY with funds FDIC-insured up to applicable FDIC limits. When members are ready to put those funds to work, they can convert SOFIE 1:1 to SoFiUSD, then use the SoFiUSD to buy crypto directly in the SoFi app or move money over blockchain rails 24/7.

“Too much money in the digital asset ecosystem is sitting idle, leaving massive potential earnings on the table for millions of people,” said Anthony Noto, CEO of SoFi. “We believe your money should keep working for you until the moment you need it. SoFi Earn combines the earning power and protections of a bank deposit with the speed and utility of digital assets, giving people more value, flexibility and control over their money.”

Earn on a deposit. Move with a stablecoin.

Stablecoins have become an increasingly common way to hold digital dollars, but many do not pay interest and are not FDIC-insured. Fed research estimates that approximately $64 billion, or 21.2% of the stablecoin market, sits idle in rarely used, forgotten or inactive wallets.

SoFi Earn (SOFIE) is a separate, interest-bearing tokenized deposit at SoFi Bank, with FDIC insurance up to applicable limits. SoFi Earn offers consumers a bank-issued digital dollar designed to keep earning until they’re ready to convert it to SoFiUSD to buy crypto or move funds onchain.

For example, a member saving $5,000 for a future crypto purchase can hold those funds in a SOFIE deposit account, which they can access through their SoFi Crypto account, and earn the applicable APY while they wait. When ready, the member can convert SOFIE 1:1 to SoFiUSD and use the SoFiUSD to buy crypto or send it to a supported external wallet over blockchain rails 24/7.

Building the digital money ecosystem

SoFi Earn is the latest in a series of launches that, in less than a year, have rapidly built out SoFi’s digital money ecosystem, giving consumers and businesses more ways to earn, invest and move money while bringing the speed and utility of blockchain into a regulated banking environment.

In November 2025, SoFi became the first and only nationally chartered bank to launch crypto trading for consumers, giving members the ability to buy, sell and hold crypto alongside their banking, borrowing and investing in one app. Today, members can trade more than 40 cryptocurrencies through SoFi Crypto.

In December 2025, SoFi launched SoFiUSD (SOFID), the first stablecoin issued by a U.S. national bank, extending its digital money infrastructure to 24/7 dollar movement and settlement. SoFiUSD is already being put to work through settlement of SoFi’s entire card program across Mastercard’s global payments network, demonstrating how blockchain-based dollars can support real-world money movement at scale.

Earlier in 2026, SoFi launched Big Business Banking, giving companies a single regulated platform to manage both fiat and digital assets. Businesses can hold deposits and move money 24/7 across traditional payment rails, stablecoins and digital assets, helping clients operate seamlessly across traditional banking and the digital-asset economy.

SoFi Earn adds another critical layer to that ecosystem by giving consumers a way to earn on their digital dollars before putting them to work. Together, SoFi’s growing suite of digital money products is connecting banking and blockchain to make money more productive when it’s held and more useful when it moves.

SoFi Earn is rolling out to SoFi Crypto members now through November. Learn more here.

About SoFi

SoFi Technologies (NASDAQ: SOFI) is the everything app for digital financial services on a mission to help people achieve financial independence to realize their ambitions. 15.8 million members trust SoFi to borrow, save, spend, invest, and protect their money and buy, sell and hold their crypto – all in one app – and get access to financial planners, exclusive experiences, and a thriving community. Banks, fintechs, and brands use innovative capabilities from SoFi Tech Solutions to serve over 134 million global accounts. For more information, visit www.sofi.com or download our iOS and Android apps.

©2026 SoFi Technologies, Inc. All rights reserved.

SOFI-F

Disclosures

DIGITAL ASSETS EXCEPT SOFI EARN (SOFIE) ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE

Digital assets offered through SoFi Crypto are highly speculative, involve significant risk, and may result in the complete loss of value. These assets are not deposits, are not insured by the FDIC or SIPC, are not bank guaranteed, and may lose value. SoFi Crypto is offered by SoFi Bank, N.A., a national bank regulated by the Office of the Comptroller of the Currency. SoFi Bank does not provide investment, tax, or legal advice. Please refer to the SoFi Crypto Account Agreement and SoFi Crypto Risk Disclosure for additional terms and conditions.

SoFi Earn (SOFIE) is a separate product from SoFi Crypto. SOFIE is a tokenized deposit representing a deposit liability of SoFi Bank, N.A., Member FDIC. Funds represented by SOFIE are eligible for FDIC insurance up to applicable FDIC rules and limits. SOFIE is not a payment stablecoin. Please refer to the SoFi Bank Tokenized Deposit Account Agreement for additional terms and conditions.

¹ Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 10/20/26. There is no minimum balance requirement. Fees may reduce earnings. Additional information can be found at https://www.sofi.com/crypto/legal/tokenized-deposit-rate-sheet.

² Funds represented by SOFIE are insured up to $250,000 per depositor, per insured bank, for each account ownership category pursuant to the FDIC's general deposit insurance rules. For more information visit FDIC.gov.

Availability of Other Information About SoFi

Investors and others should note that we communicate with our investors and the public using our website (https://www.sofi.com), the investor relations website (https://investors.sofi.com), and on social media (X and LinkedIn), including but not limited to investor presentations and investor fact sheets, Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that SoFi posts on these channels and websites could be deemed to be material information. As a result, SoFi encourages investors, the media, and others interested in SoFi to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on SoFi’s investor relations website and may include additional social media channels. The contents of SoFi’s website or these channels, or any other website that may be accessed from its website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261022620842/en/

Media:
PR@sofi.com

Source: SoFi Technologies

Key Terms

tokenized deposit financial

A tokenized deposit is a digital version of a bank deposit — a claim on cash held by a bank that’s recorded as a token on a secure digital ledger. Think of it like a paper receipt turned into a digital coin that can move faster, be split into smaller pieces, or be programmed for automated payments; investors care because it can improve liquidity and settlement speed but also introduces technology and regulatory risks that affect value and safety.

stablecoin financial

A stablecoin is a type of digital currency designed to keep its value steady, often by being backed by traditional assets like money or commodities. For investors, stablecoins offer a reliable way to move money quickly across digital platforms without the value fluctuations common with other cryptocurrencies, making them useful for saving, trading, or transferring funds with less risk of sudden losses.

blockchain rails technical

Blockchain rails are the underlying digital infrastructure and protocols that move tokens, data, or value across a blockchain network—think of them as the electronic highways that carry payments and records from one party to another. Investors care because the speed, cost, security and compatibility of those rails affect how easily new services can operate, how much transaction fees eat into profits, and how widely a token or application can be adopted, similar to how better roads increase trade and commerce.

annual percentage yield financial

Annual percentage yield (APY) is the actual yearly return on a savings or cash investment after counting how frequently earned interest is added back to the account, so interest itself starts earning more interest. Think of it like planting a seed that not only grows but whose new leaves also help it grow faster; for investors, APY shows the true, apples‑to‑apples growth rate of cash holdings and helps compare offers that compound at different speeds.

View in glossary