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SoFi to re-enter crypto business amid positive guidance from the Comptroller of the Currency on banks engaged in the sector; plans to offer crypto investing, payments and lending

April 30, 2025 //  by Finnovate

SoFi has plans to bring back crypto services for its clients after suspending those operations in 2023 so as not to impede its effort to become a regulated bank. “We’re going to re-enter the crypto business, which we had to exit,” SoFi CEO Anthony Noto said. “We’ll re-enter the business of allowing our members to invest in cryptocurrency. We want to actually make a bigger, more comprehensive push into cryptocurrency, to include really providing crypto or blockchain capabilities in each product area that we have.” Noto said that thanks to new guidance from the Comptroller of the Currency, which was published in March and promised a reduced burden on banks engaged in the sector, the tech company could start offering crypto investing by the end of this year. SoFi will also look to use blockchain technology in all of its major products over the next 24 months, he said, and the company could also offer crypto payments as well as lending against crypto assets.

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Category: Members, Crypto & Blockchain, Innovation Topics

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