In a landmark move for institutional crypto adoption, SoFi—a federally chartered US national bank—has announced it now supports direct deposits on the Solana network. The integration, announced on February 27, 2026, allows SoFi's 13.7 million customers to send Solana (SOL) tokens from external wallets directly to their SoFi crypto accounts via the Solana blockchain.
This makes SoFi the first nationally licensed US bank where individuals can buy, sell, hold, and manage cryptocurrencies like SOL within a single banking application. The bank, which holds over $50 billion in assets, emphasized that this is not indirect exposure through brokerage-style structures but involves real on-chain transfers under federal regulatory oversight.
The announcement, made via SoFi's official X account, marks a significant departure from the approach of other banks, which typically offer crypto access through internal systems where assets do not leave the bank's custody. SoFi has directly connected its infrastructure to the Solana blockchain, enabling seamless movement of tokens between external wallets and regulated bank accounts.
For Solana, the partnership opens a major gateway to mainstream users who may not use native crypto wallets. SoFi customers can now manage their SOL balances alongside traditional banking products like checking and savings accounts, all within the familiar SoFi app interface.
