SoFi launches an enterprise-level banking platform that integrates fiat currency and crypto assets

According to The Block, SoFi has officially launched a banking platform for enterprises called "Big Business Banking," which supports companies in managing fiat and crypto assets within a single regulated system.

The platform operates under SoFi's national bank charter, providing 24/7 payment and liquidity management services, supporting API-driven payments for fiat, SoFiUSD stablecoin, and specific cryptocurrencies, and includes tools for converting between fiat and digital assets, including the minting and burning functions of SoFiUSD.

The first batch of partner institutions includes Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, and Jupiter, with the underlying infrastructure built on Solana and other blockchain networks.