SoFi Becomes First US Chartered Bank to Support Solana Deposits
Major US Bank SoFi now helps Solana community deposits. This means 13.7 million customers of the financial institution can ship SOL straight to their SoFi crypto accounts from exterior wallets.
The US-chartered financial institution introduced the replace on X, stating customers should buy, promote and maintain SOL contained in the SoFi app.
Major Solana Access For US Banking Customers
In follow, SoFi is enabling direct on-chain deposits for a significant public blockchain inside a regulated nationwide financial institution. Users can handle balances alongside checking, financial savings and different monetary merchandise in a single interface.
The transfer expands SoFi’s digital asset providing past easy brokerage-style publicity. It connects a traditional bank charter with a reside blockchain community, which stays uncommon amongst nationally chartered US banks.
An Important US Access for Solana
SoFi started as a scholar mortgage refinancing platform in 2011 and later secured a nationwide financial institution constitution. It has grown right into a mid-sized US financial institution with greater than $50 billion in belongings and tens of billions in deposits.
While far smaller than Wall Street giants, it ranks among the many bigger digital-first banks within the nation.
The firm’s model extends past finance. SoFi holds naming rights to SoFi Stadium in Inglewood, California.
The venue hosted Super Bowl LVI in 2022 and WrestleMania 39 in 2023. It can also be scheduled to host a number of matches throughout the 2026 FIFA World Cup and can play a central function within the 2028 Los Angeles Olympics.
Against that backdrop, including Solana deposits alerts deeper integration between US banking infrastructure and public blockchains.
It permits regulated financial institution prospects to transfer belongings straight on-chain whereas staying inside a conventional banking framework.
The publish SoFi Becomes First US Chartered Bank to Support Solana Deposits appeared first on BeInCrypto.
