SoFi Returns to Crypto with Global Remittance Service, Digital Asset Trading

SoFi Technologies is making a significant return to cryptocurrency services, announcing plans to launch crypto-enabled global remittances and digital asset trading later this year as the fintech giant positions itself to capitalize on growing mainstream adoption of blockchain technology.

The San Francisco-based company, which serves 10.9 million members through its digital financial platform, revealed Wednesday that it will offer self-serve international money transfers powered by blockchain networks alongside a return to cryptocurrency investing featuring Bitcoin and Ethereum trading.

CEO Anthony Noto framed the expansion as part of a broader transformation of financial services. "The future of financial services is being completely reinvented through innovations in crypto, digital assets, and blockchain more broadly," Noto said. "We're accelerating our efforts to give members more choice and more control, whether they're investing, sending money across borders, or planning for their future."

The timing reflects SoFi's strategic advantage following recent regulatory developments. The Office of the Comptroller of the Currency issued interpretive letters in March and May 2025 that permit nationally chartered banks to provide crypto custody and execution services, hold reserves backing stablecoins, and engage in certain stablecoin activities to facilitate payments.

SoFi's ownership of nationally chartered SoFi Bank positions the company uniquely in the market, combining traditional banking infrastructure with digital-first technology expertise. This regulatory clarity has enabled the company to bridge conventional financial systems with emerging blockchain technology while maintaining the trust and compliance standards expected from a regulated financial institution.

The global remittance service addresses a substantial market opportunity, with more than $93 billion in remittances sent abroad from the United States in 2023 according to World Bank data, SoFi said. SoFi members will be able to transfer money to recipients in dozens of countries through the company's mobile app, with transactions processed on established blockchain networks and converted to local currencies upon arrival.

The service promises significantly faster processing times and lower costs compared to traditional remittance providers, which often require multi-day waiting periods. Recipients will receive funds deposited directly into their accounts with full transparency on exchange rates and fees, available around the clock through SoFi's platform.

This expansion makes SoFi one of the few financial services companies offering comprehensive money movement options, including Zelle transfers, person-to-person payments, self-service wire transfers, ACH transactions, and the upcoming blockchain-powered international transfers. The company also plans to introduce SoFi-branded stablecoins in the future.

The return to cryptocurrency investing marks a notable development for SoFi, which previously offered crypto trading before discontinuing the service . The new iteration will allow members to buy, sell, and hold major cryptocurrencies, with plans to expand into additional services including the ability to borrow against crypto assets, enhanced payment options, and staking features.

SoFi's technology platform Galileo, which serves 158.4 million global accounts, will also develop blockchain and digital asset infrastructure capabilities for other financial institutions and companies, potentially creating additional revenue streams from the crypto expansion.

The announcement comes as cryptocurrency adoption continues accelerating, with nearly three in ten American adults now owning digital assets according to SoFi's estimates. Growing institutional investment and emerging regulatory clarity are expected to drive further mainstream adoption, potentially triggering what the company describes as "another technology super cycle."

SoFi has opened waitlists for both services, allowing existing members to register for early access when the features launch later this year. The company emphasized its commitment to responsible innovation in accordance with evolving U.S. regulations, leveraging its banking charter to provide secure, compliant crypto services.