SoFi Launches SOFIE, a Tokenized Deposit Offering 4.4% APY With FDIC Insurance

SoFi Technologies has introduced SOFIE, a tokenized deposit offering that combines blockchain technology with traditional banking services, providing eligible customers with an advertised annual percentage yield (APY) of 4.4%. The launch highlights the growing convergence between conventional financial institutions and digital asset infrastructure as banks explore new ways to modernize deposits, payments, and financial services. […]

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