SoFi launches SOFIE tokenized deposits
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AI-assisted source synthesis · not an independent investigation.
On October 22, 2026, PYMNTS reported that SoFi began rolling out SoFi Earn (SOFIE) interest-bearing tokenized deposits to SoFi Crypto users. Each SOFIE represents $1 deposited at SoFi Bank and is covered by Federal Deposit Insurance Corporation (FDIC) insurance within applicable limits. Earlier reports said that the specific interest rate and timing for availability to all users had not been disclosed. On October 23, Ledger Insights reported that SOFIE is provided by SoFi Bank and pays a variable annual interest rate of 4.4%; when customers spend or transfer funds on-chain, they can exchange it for SoFi USD. The product is being gradually rolled out to SoFi Crypto members and is expected to continue through November.
AI-written from reports · updated 21 hours ago
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- Ledger InsightsSelectedSoFi launches SOFIE, a retail tokenized deposit with a floating 4.4% interest rate
SoFi launched SoFi Earn (SOFIE), a tokenized deposit provided by SoFi Bank, with FDIC insurance and a floating 4.4% interest rate. Customers can convert it to SoFi USD when they need to spend or move funds onchain; the product is gradually rolling out to SoFi Crypto members through November.
- PYMNTSSoFi begins rolling out interest-bearing tokenized deposits SoFi Earn to users
SoFi begins rolling out SoFi Earn (SOFIE) interest-bearing tokenized deposits to SoFi Crypto users. Each token represents $1 deposited at SoFi Bank and is eligible for FDIC insurance within applicable limits.
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