SoFi launches business banking combining fiat and crypto

SoFi has launched "Big Business Banking," an enterprise-focused platform that integrates fiat and cryptocurrency management into one regulated system. This new offering allows companies to conduct transactions, manage deposits, and settle payments around the clock using both traditional currencies and digital assets. Operating within SoFi's chartered bank, the platform provides direct access to regulated banking services alongside blockchain infrastructure, targeting firms that require constant uptime and rapid settlement. Key partners like Galaxy, Wintermute, Fireblocks, and BitGo are on board, utilizing the system which leverages Solana and other networks for enhanced payment and liquidity management capabilities.