SoFi launches tokenized deposit with 4.4% yield and stablecoin conversion feature
Current overview (not historical)
SoFi has launched a tokenized deposit product offering a 4.4% annual yield, with funds FDIC-insured. A key feature allows users to instantly convert their holdings into SoFiUSD, a stablecoin. This move aims to address the common pain points in the stablecoin market by combining high yields with regulatory insurance. The initiative represents a significant step in bridging traditional finance incentives with crypto-friendly asset formats.
Written with AI from the reporting · updated 10/22/2026
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- 1Unclassified fact stationOct 22, 00:00recorded Oct 22, 20:06revised
SoFi推出年化4.4%托管存款并可转换为稳定币
Read original source ↗ DecryptReplay this moment in the explorerEvidence & revisions · 3 source records
- Subject：
- SoFi
- Action：
- 推出SoFi Earn (SOFIE) tokenized deposit product
- Object：
- 消费者数字美元存款
- Occurred (fact side)：
- Oct 22, 00:00
- Published (valid side)：
- Oct 22, 20:01
- First seen (known side)：
- Oct 22, 20:06
- Published (valid side)：
- Oct 22, 20:00
- First seen (known side)：
- Oct 22, 20:08
- Published (valid side)：
- Oct 22, 21:13
- First seen (known side)：
- Oct 22, 22:07
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- CointelegraphSource report revisedSoFi launches bank-issued tokenized deposit for yield-bearing crypto funds
Report first recorded Oct 22, 22:07
SoFi has unveiled the first bank-issued tokenized deposit product specifically designed for yield-bearing crypto funds. This token aims to integrate traditional bank deposit yields with crypto asset investments, offering a novel method for holding and trading these assets.
Read original source ↗ - DecryptSource report revisedSoFi Launches SoFi Earn (SOFIE), a Tokenized Deposit Earning 4.4% with FDIC Insurance
Report first recorded Oct 22, 20:06
SoFi launched SoFi Earn (SOFIE), described as the first national bank-issued tokenized deposit for consumers. Each SOFIE token represents $1 held in a deposit at SoFi Bank, offering a 4.40% annual percentage yield and FDIC insurance up to applicable limits. Holders can convert SOFIE one-to-one into SoFiUSD, the bank’s stablecoin, to buy crypto in the SoFi app or move funds over blockchain rails. This product targets approximately $64 billion, or 21% of the stablecoin market, currently sitting idle in inactive wallets, addressing the lack of interest and deposit insurance in traditional stablecoins.
Read original source ↗ - The BlockSoFi launches SOFIE, an interest-bearing, FDIC-insured tokenized deposit for crypto users
Report first recorded Oct 22, 20:08
SoFi has launched SOFIE, a tokenized deposit offering 4.4% APY and FDIC insurance, which users have the option to convert to SoFiUSD.
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