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SoFi is preparing to re-enter the crypto space after suspending its services in 2023 during its transition to a regulated bank. CEO Anthony Noto announced the comeback during a CNBC interview highlighting plans to allow members to invest in digital assets once again.
The move follows new guidance from the Comptroller of the Currency released in March which eases the path for banks to engage with crypto. SoFi originally paused crypto offerings while seeking a bank charter but now aims to bring back access to over 20 tokens by year-end.
Looking ahead the company plans to integrate blockchain into all major products within the next 24 months. SoFi may also explore crypto-based payments and lending against digital assets signaling a strong long-term commitment to innovation in the financial technology space.
