SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds

Bullish+4.40%

22 Oct, 13:13

Source: Cointelegraph

AI Summary

SoFi Bank launches SoFi Earn, a tokenized deposit offering 4.40% APY with FDIC coverage and 24/7 stablecoin conversion, expanding its fintech and crypto-integrated offerings.

SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds

SoFi Bank launched SoFi Earn, a tokenized deposit paying 4.40% APY with FDIC coverage, allowing users to convert funds to stablecoins 24/7.