Members can put their digital {dollars} to work incomes 4.40% APY1 with FDIC insurance coverage2, use them to purchase crypto or transfer them 24/7 via SoFiUSD.
SAN FRANCISCO, October 22, 2026 — SoFi Applied sciences, Inc. (NASDAQ: SOFI), the every part app for digital monetary providers, as we speak introduced the launch of SoFi Earn (SOFIE), the primary and solely nationwide bank-issued tokenized deposit for customers. SoFi members can now earn curiosity on digital {dollars} whereas retaining them prepared to make use of, representing the corporate’s fifth new crypto providing in lower than a 12 months.
SoFi Earn brings one of the best of banking into the digital cash ecosystem, giving customers a brand new option to earn whereas retaining their funds prepared for what’s subsequent. Every SOFIE represents $1 held on deposit at SoFi Financial institution, incomes 4.40% APY with funds FDIC-insured as much as relevant FDIC limits. When members are able to put these funds to work, they’ll convert SOFIE 1:1 to SoFiUSD, then use the SoFiUSD to purchase crypto instantly within the SoFi app or transfer cash over blockchain rails 24/7.
“An excessive amount of cash within the digital asset ecosystem is sitting idle, leaving huge potential earnings on the desk for thousands and thousands of individuals,” stated Anthony Noto, CEO of SoFi. “We imagine your cash ought to maintain working for you till the second you want it. SoFi Earn combines the incomes energy and protections of a financial institution deposit with the velocity and utility of digital property, giving individuals extra worth, flexibility and management over their cash.”
Earn on a deposit. Transfer with a stablecoin.
Stablecoins have change into an more and more frequent option to maintain digital {dollars}, however many don’t pay curiosity and usually are not FDIC-insured. Fed analysis estimates that roughly $64 billion, or 21.2% of the stablecoin market, sits idle in not often used, forgotten or inactive wallets.
SoFi Earn (SOFIE) is a separate, interest-bearing tokenized deposit at SoFi Financial institution, with FDIC insurance coverage as much as relevant limits. SoFi Earn provides customers a bank-issued digital greenback designed to maintain incomes till they’re able to convert it to SoFiUSD to purchase crypto or transfer funds onchain.
For instance, a member saving $5,000 for a future crypto buy can maintain these funds in a SOFIE deposit account, which they’ll entry via their SoFi Crypto account, and earn the relevant APY whereas they wait. When prepared, the member can convert SOFIE 1:1 to SoFiUSD and use the SoFiUSD to purchase crypto or ship it to a supported exterior pockets over blockchain rails 24/7.
Constructing the digital cash ecosystem
SoFi Earn is the newest in a collection of launches that, in lower than a 12 months, have quickly constructed out SoFi’s digital cash ecosystem, giving customers and companies extra methods to earn, make investments and transfer cash whereas bringing the velocity and utility of blockchain right into a regulated banking surroundings.
In November 2025, SoFi turned the primary and solely nationally chartered financial institution to launch crypto buying and selling for customers, giving members the flexibility to purchase, promote and maintain crypto alongside their banking, borrowing and investing in a single app. As we speak, members can commerce greater than 40 cryptocurrencies via SoFi Crypto.
In December 2025, SoFi launched SoFiUSD (SOFID), the primary stablecoin issued by a U.S. nationwide financial institution, extending its digital cash infrastructure to 24/7 greenback motion and settlement. SoFiUSD is already being put to work via settlement of SoFi’s complete card program throughout Mastercard’s international funds community, demonstrating how blockchain-based {dollars} can assist real-world cash motion at scale.
Earlier in 2026, SoFi launched Large Enterprise Banking, giving corporations a single regulated platform to handle each fiat and digital property. Companies can maintain deposits and transfer cash 24/7 throughout conventional cost rails, stablecoins and digital property, serving to purchasers function seamlessly throughout conventional banking and the digital-asset financial system.
SoFi Earn provides one other vital layer to that ecosystem by giving customers a option to earn on their digital {dollars} earlier than placing them to work. Collectively, SoFi’s rising suite of digital cash merchandise is connecting banking and blockchain to make cash extra productive when it’s held and extra helpful when it strikes.
SoFi Earn is rolling out to SoFi Crypto members now via November. Be taught extra right here.
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About SoFi
SoFi Applied sciences (NASDAQ: SOFI) is the every part app for digital monetary providers on a mission to assist individuals obtain monetary independence to understand their ambitions. 15.8 million members belief SoFi to borrow, save, spend, make investments, and shield their cash and purchase, promote and maintain their crypto – multi function app – and get entry to monetary planners, unique experiences, and a thriving group. Banks, fintechs, and types use progressive capabilities from SoFi Tech Options to serve over 134 million international accounts. For extra data, go to www.sofi.com or obtain our iOS and Android apps.
©2026 SoFi Applied sciences, Inc. All rights reserved.
SOFI-F
Disclosures
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DIGITAL ASSETS EXCEPT SOFI EARN (SOFIE) ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE |
Digital property supplied via SoFi Crypto are extremely speculative, contain important danger, and will end result within the full lack of worth. These property usually are not deposits, usually are not insured by the FDIC or SIPC, usually are not financial institution assured, and will lose worth. SoFi Crypto is obtainable by SoFi Financial institution, N.A., a nationwide financial institution regulated by the Workplace of the Comptroller of the Foreign money. SoFi Financial institution doesn’t present funding, tax, or authorized recommendation. Please discuss with the SoFi Crypto Account Settlement and SoFi Crypto Threat Disclosure for extra phrases and circumstances.
SoFi Earn (SOFIE) is a separate product from SoFi Crypto. SOFIE is a tokenized deposit representing a deposit legal responsibility of SoFi Financial institution, N.A., Member FDIC. Funds represented by SOFIE are eligible for FDIC insurance coverage as much as relevant FDIC guidelines and limits. SOFIE will not be a cost stablecoin. Please discuss with the SoFi Financial institution Tokenized Deposit Account Settlement for extra phrases and circumstances.
1 Annual proportion yield (APY) is variable and topic to alter at any time. Charges are present as of 10/20/26. There isn’t a minimal steadiness requirement. Charges might scale back earnings. Further data may be discovered at https://www.sofi.com/crypto/authorized/tokenized-deposit-rate-sheet.
2Funds represented by SOFIE are insured as much as $250,000 per depositor, per insured financial institution, for every account possession class pursuant to the FDIC’s normal deposit insurance coverage guidelines. For extra data go to FDIC.gov (opens exterior web site).
Availability of Different Info About SoFi
Traders and others ought to notice that we talk with our traders and the general public utilizing our web site (https://www.sofi.com), the investor relations web site (https://traders.sofi.com), and on social media (X and LinkedIn), together with however not restricted to investor shows and investor reality sheets, Securities and Trade Fee filings, press releases, public convention calls and webcasts. The knowledge that SoFi posts on these channels and web sites might be deemed to be materials data. Because of this, SoFi encourages traders, the media, and others considering SoFi to evaluate the knowledge that’s posted on these channels, together with the investor relations web site, frequently. This record of channels could also be up to date every now and then on SoFi’s investor relations web site and will embody further social media channels. The contents of SoFi’s web site or these channels, or every other web site that could be accessed from its web site or these channels, shall not be deemed integrated by reference in any submitting below the Securities Act of 1933, as amended.
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