The extent of its digital asset return was recently disclosed by the publicly traded, multi-billion-dollar neobank, an announcement that encompassed intentions for both a stablecoin and tokenized debt instruments.
SoFi Technologies, the billion publicly listed online financial institution primarily recognized for student debt consolidation and equity dealing, is preparing to launch its own pegged digital currency, in addition to other cryptocurrency offerings.
At the Goldman Sachs’ Communacopia Technology Conference 2025 early this month, it was disclosed by SoFi CEO Anthony Noto that digital assets are viewed by the organization as affecting “every component of our enterprise, encompassing payment features, credit provisions, asset management offerings, and technology infrastructure functions,” as per Seeking Alpha’s transcription of Noto’s address.
The neobank situated in San Francisco had previously provided crypto exchange services, but the operation was halted in because of regulatory ambiguity, with its digital asset clientele being redirected to Blockchain.com. The enterprise is currently rejoining the sector, stating that , , and capabilities for widely used tokens will be initiated before the conclusion of the year, and ultimately, an expansion into remittances and the debut of its proprietary stablecoin will be pursued, according to the transcript.
When delineating the forthcoming stablecoin, Noto made reference to its chief purpose as a vehicle for value exchange between SoFi and its prospective partners originating in the crypto space, affirming that the SoFi stablecoin would “function as the method of economic transfer, a process which is more swift, less costly, and more reliably safe than the existing arrangements they currently employ in the conventional investment domain.”
It was mentioned by Noto that the stablecoin will likewise be utilized for patrons to execute global conventional currency remittances, through SoFi Pay. As Noto indicated, cross-border conventional currency transfers were recently activated by the corporation utilizing the Bitcoin Lightning Network, in collaboration with Lightspark.
Given the favorable approach toward digital assets recently shown by U.S. regulatory bodies, it was also observed by Noto that SoFi is excellently situated to proceed with its crypto expansion, considering that a banking charter is already possessed by the firm from the Office of the Comptroller of the Currency — a certification that numerous cryptocurrency organizations have been scrambling to secure in the last few months.
While the precise specifications and release schedule for the SoFi stablecoin are yet to be clarified, it was disclosed by Noto that the financial technology firm intends to “encourage vendors to take the SoFi stablecoin since they won’t be charged interchange fees,” and he furthered that the company “might even be able to provide them [vendors] a financial bonus for accepting the SoFi stablecoin.”
It was further stated by him that the encouragement would be provided as a portion of earnings shared with individuals involved in the stablecoin.
“When we bring in and we develop SoFi stablecoin, and we have a dollar for dollar back stablecoin, we could deposit that in our Fed banking account, earn 4% that we can give away to all the participants to take our product versus someone else.”
It is still ambiguous whether the earnings would be applied solely to motivate vendors to accept the digital currency for transactions, or if the advantage would be enjoyed by all holders of the SoFi stablecoin.
It was also asserted by Noto that potential exists for SoFi to expand its digital currency offerings through corporate financial services, by providing significant e-commerce enterprises with both conventional and cryptocurrency banking solutions.
It was also stated by Noto that the stablecoin would bolster the organization’s extended strategy to digitize assets, commencing with its proprietary credit offerings.
“We desire our technology platform to be utilized to represent any asset as a token, but the foremost asset that ought to be tokenized is our own credit offerings. Why is that the situation? Our loans yield a substantial Return on Assets (ROA) […] So how are those loans to be taken and made accessible in other debt instruments in increments of $1 or $2?” was elucidated by him, observing that asset digitization could facilitate entry to holdings that were previously inaccessible to individual investors, akin to unlisted shares, private financing, and other specialized asset categories.
SoFi Highlights Broad Crypto Strategy but Offers Few New Details
A representative for SoFi chose not to provide further details regarding the firm’s digital asset strategies, stating in remarks to The Defiant: “Nothing more is available for us to communicate beyond what has been disclosed,” and the publication was directed to the organization’s second-quarter financial report.
In the recorded account of SoFi’s second-quarter earnings conference from July, it was affirmed by SoFi that prospects in digital assets are perceived across its complete ecosystem, which encompasses “furnishing clients with the means to take out loans against their digital holdings, broadening remittance selections, and introducing novel staking functions, along with blockchain and digital asset groundwork capabilities “
SOFI stock has risen by more than 4.4% during the preceding month, with trades currently being executed at approximately $26. The share value achieved an unprecedented peak of $29.81 on September 22.
