Overview
- Access began Nov. 11 in a phased rollout to select users, with SoFi targeting availability for all 12.6 million customers by the end of 2025.
- Members can buy, sell and hold dozens of cryptocurrencies, including Bitcoin, Ethereum and Solana, using funds drawn directly from FDIC‑insured SoFi checking or savings accounts.
- SoFi cautions that digital assets are not FDIC or SIPC insured; at launch funding is limited to ACH/USD with no outbound transfers, and a waitlist with promotions including a chance to win one Bitcoin is live.
- The launch follows 2025 interpretive guidance from the OCC and similar FDIC language that cleared nationally chartered banks to offer crypto custody and execution services.
- SoFi’s broader plans include a USD‑pegged stablecoin, crypto‑enabled remittances and integrating crypto into lending, while reports indicate banks such as Charles Schwab, Morgan Stanley and PNC are preparing comparable offerings.