SOFI Stock Falls After ‘Big Business Banking’ Rollout Bringing Fiat, Crypto Together

• SoFi’s new platform enables businesses to hold deposits, transfer funds, and settle transactions across both traditional and digital assets in real time.
• CEO Anthony Noto said the service is designed to meet growing demand for always-on financial infrastructure.
• The launch builds on SoFi’s expanding crypto strategy, including stablecoin development and institutional settlement infrastructure.

SoFi Technologies (SOFI) announced on Thursday that it was launching an around-the-clock banking service that brings fiat and cryptocurrency operations into a single system. The company said its ‘Big Business Banking’ program would allow companies to hold deposits, move money and settle transactions in fiat currencies and cryptocurrency tokens, including its own stablecoin SoFiUSD (SOFID).

"To be competitive, businesses today must operate in a global, always-on environment," said SoFi CEO Anthony Noto, adding that the new offering combines regulated banking with real-time financial infrastructure.

SOFI’s stock tumbled more than 4% as markets opened on Thursday amid weakness in the broader market after President Donald Trump’s speech last night, where he vowed to hit Iran “extremely hard” in the coming weeks. On Stocktwits, retail sentiment around SOFI continued to trend in ‘bearish’ territory over the past day with chatter at ‘normal’ levels. 

Charter Approval Opens Path For Expansion

The launch comes after SoFi became the first nationally chartered bank to offer in‑app consumer crypto trading in November last year. The company said its new platform will launch with a group of crypto-native and institutional partners, including Cumberland, Bullish (BLSH), BitGo, B2C2, Fireblocks, Wintermute, Galaxy (GLXY), and Jupiter (JUP). The infrastructure will leverage Solana (SOL) alongside other blockchain networks.

Solana was the worst hit among the top 10 cryptocurrencies by market capitalization amid the current selloff. SOL’s price dropped more than 7% in the last 24 hours to around $77.46. On Stocktwits, retail sentiment around the altcoin remained in ‘neutral’ territory over the past day, with chatter at ‘high’ levels. 

SoFi’s Crypto Strategy Expands Beyond Retail

The launch builds on SoFi’s broader push into digital assets. Over the past year, the company has expanded retail crypto trading, introduced its SoFiUSD stablecoin, and developed settlement infrastructure aimed at institutional clients. Last month, SoFi partnered with Mastercard to extend stablecoin-based settlement across global payment networks.

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