SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds

What happened

SoFi Bank launched SoFi Earn, a tokenized deposit paying 4.40% APY with FDIC coverage, allowing users to convert funds to stablecoins 24/7.

Why it matters

The launch may affect adoption and competitive positioning for Crypto; usage evidence is the next signal to watch.

Affected entities

View evidence

1 reports · 1 original report · 1 independent

1. CointelegraphPrimary source · Supports · EN · 100%
   SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds ↗Oct 22, 2026, 9:13 AM

Claims

• SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds Observed

Conflicts

No material conflict detected in the available evidence.

Timeline

1. October 22, 2026 at 9:13 AMFirst reported

Market move following event

Market reaction is not yet available for this asset and time window.

Score explanation