SoFi launches corporate financial services…integrated support for digital assets

Source
JH Kim

Summary

  • U.S. fintech platform SoFi (SOFI) said it has launched a corporate financial service that enables businesses to manage fiat currency and digital assets (cryptocurrencies) together.
  • SoFi said its “Big Business Banking” supports corporate clients in carrying out deposits, transfers and payments on a single platform.
  • The company said the service integrates functions spread across traditional banks, custodians and digital-asset services, and is designed to operate within the regulatory framework—providing a foundation for companies to use digital assets more reliably.

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U.S. fintech platform SoFi (SOFI) has launched a corporate financial service that enables businesses to manage fiat currency and digital assets (cryptocurrencies) together.

According to crypto-focused media outlet Cointelegraph on the 2nd (local time), SoFi’s “Big Business Banking” allows corporate clients to handle deposits, transfers and payments on a single platform.

A key feature of the service is that it consolidates functions that were previously fragmented across traditional banks, custodians and digital-asset service providers.

It is also designed to operate within the regulatory framework, providing a foundation for companies to use digital assets more reliably.

The launch is seen as an example of the integration of digital assets and traditional finance gaining momentum in corporate finance as well.

Photo = Shutterstock
Photo = Shutterstock
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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