The publicly held, multi-billion dollar neobank recently revealed the scope of its crypto comeback, including plans for a stablecoin and tokenized loans.<\/p>\n
SoFi Technologies, the $30 billion publicly traded online bank best known for student loan refinancing and stock trading, is getting ready to roll out its own stablecoin<\/a>, alongside other crypto services. <\/p>\n During Goldman Sachs\u2019 Communacopia + Technology Conference 2025 earlier this month, SoFi CEO Anthony Noto revealed that the company sees crypto as touching \u201cevery part of our business, payment capabilities, lending capabilities, investing capabilities, tech platform capabilities,\u201d according to Seeking Alpha\u2019s transcript<\/a> of Noto\u2019s speech.<\/p>\n The San Francisco-based neobank previously offered crypto trading, but paused<\/a> the service in 2023 due to regulatory uncertainty, redirecting its crypto customers to Blockchain.com. Now, the company is reentering the space, saying it will roll out buy, sell, and hold functionality for popular tokens before the end of the year, and eventually expand into payments and launch its own stablecoin, per the transcript.<\/p>\n Describing the upcoming stablecoin, Noto referenced its primary use as a medium of exchange between SoFi and its future crypto-native partners, stating that the SoFi stablecoin would \u201cbe the means of economic value transfer, which is faster, cheaper and more secure than the systems they have today in the traditional investing world.\u201d<\/p>\n Noto said the stablecoin will also be used for customers to make international fiat transfers, via SoFi Pay. As Noto referenced, the company<\/a> recently enabled international fiat transfers via the Bitcoin Lightning Network<\/a>, in partnership with Lightspark.<\/p>\n In light of the crypto-friendly direction<\/a> from U.S. regulators recently, Noto also noted that SoFi is well-positioned to make its crypto push, given that the firm already holds a banking license from the Office of the Comptroller of the Currency (OCC) \u2014 something that multiple crypto firms have scrambled to obtain<\/a> in recent months. <\/p>\n While the technical details and launch timeframe for the SoFi stablecoin remain unclear, Noto revealed that the fintech plans to \u201cmotivate merchants to accept SoFi stablecoin because they don’t have to pay interchange,” continuing that the firm “may even be able to give them [merchants] an economic incentive to accept SoFi stablecoin.\u201d <\/p>\n He added that the incentive would come in the form of yield sharing with stablecoin “participants”:<\/p>\n \u201cWhen 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.\u201d <\/p><\/blockquote>\n<\/figure>\n It remains unclear whether yield would be used only to incentivize merchants to accept the stablecoin for payments, or if all SoFi stablecoin holders would benefit.<\/p>\n Noto also stated that SoFi sees opportunities in extending its crypto services via corporate banking, offering large e-commerce firms both fiat and crypto banking services.<\/p>\n Noto also said the stablecoin would support the firm\u2019s longer-term plan to tokenize assets<\/a>, starting with its own loans.<\/p>\n \u201cWe want to use our technology platform to tokenize any asset, but the first asset that they should tokenize is our loans. Why is that the case? Our loans provide a great ROA […] So how do we take those loans and make them available in other loans at $1 at a time or $2 at a time?\u201d he explained, noting that tokenization could open access to assets previously unavailable to retail investors, similar to private equity, private credit, and other alternative asset classes.<\/p>\n A spokesperson for SoFi declined to elaborate on the firm\u2019s crypto plans, saying in commentary to The Defiant: \u201cWe don’t have anything more to share other than what has already been published,\u201d and redirecting The Defiant to the company\u2019s Q2 earnings release.<\/p>\nStablecoin Yield<\/h2>\n
Tokenized Loans<\/h2>\n