SoFi Technologies has launched Big Business Banking, a new enterprise platform that integrates traditional banking with cryptocurrency services, enabling companies to manage fiat and digital assets within a single, federally regulated system that operates 24/7. The platform is built on the Solana blockchain to enhance transaction speed and scalability.
The announcement, made on April 2, 2026, was accompanied by a notable stock decline for SoFi (SOFI). Shares closed at $15.63, down 1.57%, and extended losses in pre-market and after-hours trading, dropping to around $15.07-$15.10. This market reaction occurred despite the strategic expansion aimed at institutional clients.
Key features of the platform include real-time settlement, continuous operations independent of traditional banking hours, and API-driven capabilities for automated financial workflows. The system operates through SoFi's nationally chartered bank, providing direct access to core financial networks and regulatory oversight.
A central component is the introduction of the SoFiUSD stablecoin, which supports instant conversion between fiat and digital assets through minting and burning processes, with reserves held within the regulated bank. Companies can settle transactions in fiat, SoFiUSD, or selected cryptocurrencies.
SoFi has secured partnerships with ten major institutional firms to support the platform's rollout and liquidity. Launch partners include Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, Jupiter, Mesh Payments, and Mastercard. Mastercard's involvement is particularly significant following its recent $1.8 billion agreement to acquire stablecoin infrastructure firm BVNK.
This launch marks the culmination of a series of moves by SoFi into crypto. In November 2025, it became the first nationally chartered U.S. bank to offer retail crypto trading. In February 2026, it enabled direct on-chain Solana deposits for its 13.7 million members. The new enterprise platform represents the convergence of its retail and institutional offerings.
