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Project Overview
SoFi is a one-stop digital financial platform that provides comprehensive financial services to individuals and businesses, including student and personal loans, home loans and refinancing, credit cards, bank accounts, investments, insurance, and a B2B fintech platform.
Robinhood, MetaMask, and Others Join the OTL Initiative: Attempting to Solve the "Missing Coordination Layer" Problem for On-Chain Finance
: Multiple institutions including Robinhood, MetaMask, and eToro, along with Fireblocks, Checkout.com, Cross River Bank, Securitize, Wintermute, and others, jointly announced their participation in the "Open Transaction Layer (OTL)" initiative, aimed at establishing a unified transaction coordination protocol layer for on-chain finance.OTL is positioned as an open protocol stack for coordinating identity verification, compliance validation, transaction messaging, and execution processes among wallets, institutions, and AI agents, addressing the integration fragmentation problem currently plaguing cross-institutional interactions in on-chain finance, where entities operate in silos.The current coalition members include payment companies, trading platforms, wallets, market makers, and custody and stablecoin infrastructure providers, including Robinhood, MetaMask, eToro, MoonPay, SoFi, Wintermute, among others, as well as foundations from multiple public chains such as TON, Solana, Stellar, and Polygon. (Financefeeds)
SoFi Deploys Stablecoin on Solana, Emphasizing Low-Cost and High-Efficiency Settlements
SoFi Technologies has announced the expansion of its stablecoin, SoFiUSD, to the Solana network, attracted by its low costs, high throughput, and rapid settlement capabilities.Launched in 2025 as a fully reserved US dollar-pegged stablecoin, SoFiUSD was initially deployed on Ethereum, designed to provide banks, fintech companies, and enterprises with near real-time settlement infrastructure available 24/7.As the regulatory framework gradually becomes clearer, banks and financial institutions are accelerating their entry into the stablecoin赛道, competing with major issuers such as Tether and Circle.
SoFi reports Q3 net income of $241 million, up 73% year over year, and raises 2026 guidance while issuing its first-ever 2027 outlook.
According to the third quarter 2026 earnings report released by SoFi Technologies (NASDAQ: SOFI), the company reported GAAP net revenues of $1.385 billion, up 44% year-over-year; net income of $241 million, up 73% year-over-year; and diluted earnings per share of $0.18. Adjusted EBITDA reached $470 million, up 70% year-over-year, representing a margin of 34%. The active member base increased to 17.1 million, up 35% year-over-year, with 1.2 million net additions during the quarter; total products reached 26.7 million, up 44% year-over-year. Loan originations totaled $16.9 billion for the quarter, up 71% year-over-year, including $12.6 billion in personal loans, $2.9 billion in student loans, and $1.4 billion in home loans. Total deposits at quarter-end stood at $51.3 billion, an increase of $5.8 billion from the prior quarter. The company raised its full-year 2026 adjusted net revenue guidance to approximately $5.04 billion, adjusted EBITDA guidance to approximately $1.66 billion, adjusted net income to approximately $840 million, and adjusted EPS to approximately $0.61. The company also issued its first-ever 2027 outlook, projecting adjusted net revenue of approximately $6.4 billion, adjusted EBITDA of approximately $2.24 billion, adjusted net income of approximately $1.28 billion, and adjusted EPS of approximately $0.90.
SoFi launches 4.4% APY tokenized deposits, redeemable 1:1 for SoFiUSD
According to The Block, US fintech company SoFi Technologies has launched an interest-bearing tokenized deposit product for crypto users called SoFi Earn (SOFIE), offering an annual percentage yield of 4.4% and FDIC deposit insurance coverage within applicable limits. Users can access the product via SoFi Crypto and redeem SOFIE for the SoFiUSD stablecoin at a 1:1 ratio, which can be used to purchase cryptocurrencies or transferred to supported external wallets.
SoFi Launches Tokenized Deposit SOFIE with 4.4% Annual Yield and 1:1 Convertibility to SoFiUSD
Odaily reports: Fintech company SoFi has launched SoFi Earn (SOFIE), calling it the first tokenized deposit from a nationwide U.S. bank offered to consumers. Each SOFIE corresponds to $1 in SoFi Bank deposits, with holders earning a 4.40% annual percentage yield, and funds covered by Federal Deposit Insurance Corporation (FDIC) insurance up to applicable limits.Users can convert SOFIE 1:1 into SoFiUSD, then use it to purchase cryptocurrencies within the SoFi app, or transfer U.S. dollars around the clock via blockchain networks. SoFi stated that the product is designed to allow digital dollars to continue generating yield before they are used.SoFi Earn is the fifth crypto product SoFi has launched in under a year. SoFi resumed cryptocurrency trading in late 2025 and currently supports trading of more than 40 tokens; its SoFiUSD is already deployed on Ethereum and Solana and is used to settle all of SoFi's card programs. (Decrypt)
Payward Teams Up with SoFi to Launch Stablecoin-Enabled 24/7 USD Settlements
According to Cointelegraph, Kraken's parent company Payward has partnered with SoFi to integrate the SoFiUSD stablecoin on the Kraken platform and establish a 24/7 USD settlement channel.
SoFi与 Kraken 达成合作，打通传统银行与加密市场基础设施
据 CoinDesk 报道，数字银行 SoFi 与加密交易所 Kraken 宣布达成合作。Kraken 母公司 Payward 将加入 SoFi 的24/7 美元结算网络（SEN），支持机构客户全天候转移美元、管理流动性；Kraken 同步上线 SoFi 发行的银行稳定币 SoFiUSD，SoFi 则引入 Kraken Prime 作为其平台加密交易的额外流动性来源。双方表示，未来合作或将延伸至支付、国库、借贷等数字资产服务领域。
SoFi Q2 crypto trading revenue increased 10% QoQ to $134.3 million
According to The Block, SoFi's crypto trading revenue in the second quarter increased 10% quarter-over-quarter, reaching $134.3 million, with net income of approximately $1.2 million after deducting $133.1 million in transaction costs. Meanwhile, SoFi's stablecoin SoFiUSD has begun processing 24/7 business payments through its business banking platform Big Business Banking, and went live for retail users in May, supporting buying, selling, holding, and exchanging on Ethereum and Solana.
Related news
SoFi Discloses Crypto Business for the First Time, Q3 Crypto Trading Revenue Hits $162 Million
At the end of Q3, SoFi’s crypto product count reached 503,000, with total crypto trading revenue hitting $161.6 million, up 20% quarter-over-quarter.
SoFi reports Q3 net income of $241 million, up 73% year over year, and raises 2026 guidance while issuing its first-ever 2027 outlook.
According to the third quarter 2026 earnings report released by SoFi Technologies (NASDAQ: SOFI), the company reported GAAP net revenues of $1.385 billion, up 44% year-over-year; net income of $241 million, up 73% year-over-year; and diluted earnings per share of $0.18. Adjusted EBITDA reached $470 million, up 70% year-over-year, representing a margin of 34%. The active member base increased to 17.1 million, up 35% year-over-year, with 1.2 million net additions during the quarter; total products reached 26.7 million, up 44% year-over-year. Loan originations totaled $16.9 billion for the quarter, up 71% year-over-year, including $12.6 billion in personal loans, $2.9 billion in student loans, and $1.4 billion in home loans. Total deposits at quarter-end stood at $51.3 billion, an increase of $5.8 billion from the prior quarter. The company raised its full-year 2026 adjusted net revenue guidance to approximately $5.04 billion, adjusted EBITDA guidance to approximately $1.66 billion, adjusted net income to approximately $840 million, and adjusted EPS to approximately $0.61. The company also issued its first-ever 2027 outlook, projecting adjusted net revenue of approximately $6.4 billion, adjusted EBITDA of approximately $2.24 billion, adjusted net income of approximately $1.28 billion, and adjusted EPS of approximately $0.90.
AI startup Overwatch has completed a $15 million Series A funding round led by Mouro Capital.
As reported by Fortune, digital threat detection startup Overwatch has completed a $15 million Series A round led by Mouro Capital, with participation from Visa Ventures and Capital One Ventures. PruVen Capital, New Era Capital Partners, and Y Combinator also participated. Founded in 2022 by Arjun Bisen and Zara Perumal, the company is headquartered in New York and leverages technologies such as AI agents to help businesses defend against digital threats. Visa, Capital One, Cash App, SoFi, Stripe, and DoorDash are all its clients.
SoFi launches 4.4% APY tokenized deposits, redeemable 1:1 for SoFiUSD
According to The Block, US fintech company SoFi Technologies has launched an interest-bearing tokenized deposit product for crypto users called SoFi Earn (SOFIE), offering an annual percentage yield of 4.4% and FDIC deposit insurance coverage within applicable limits. Users can access the product via SoFi Crypto and redeem SOFIE for the SoFiUSD stablecoin at a 1:1 ratio, which can be used to purchase cryptocurrencies or transferred to supported external wallets.
SoFi Launches Tokenized Deposit SOFIE with 4.4% Annual Yield and 1:1 Convertibility to SoFiUSD
Odaily reports: Fintech company SoFi has launched SoFi Earn (SOFIE), calling it the first tokenized deposit from a nationwide U.S. bank offered to consumers. Each SOFIE corresponds to $1 in SoFi Bank deposits, with holders earning a 4.40% annual percentage yield, and funds covered by Federal Deposit Insurance Corporation (FDIC) insurance up to applicable limits.Users can convert SOFIE 1:1 into SoFiUSD, then use it to purchase cryptocurrencies within the SoFi app, or transfer U.S. dollars around the clock via blockchain networks. SoFi stated that the product is designed to allow digital dollars to continue generating yield before they are used.SoFi Earn is the fifth crypto product SoFi has launched in under a year. SoFi resumed cryptocurrency trading in late 2025 and currently supports trading of more than 40 tokens; its SoFiUSD is already deployed on Ethereum and Solana and is used to settle all of SoFi's card programs. (Decrypt)
Apollo Chief Economist Warns: AI Agents May Trigger a "Slow-Motion Bank Run"
Apollo Chief Economist Torsten Slok has warned that as AI agents begin autonomously managing household finances, they may shift low-interest demand deposits into higher-yield accounts, potentially triggering a "slow-motion bank run." Slok stated that the average interest rate on U.S. demand deposits is currently only about 0.1%, while platforms such as Revolut, SoFi, Varo, LendingClub, and Wealthfront offer deposit APYs ranging from 3.3% to 5%.If households broadly adopt AI agents to automatically optimize cash yields, banks could lose the low-cost deposits used to fund lending, posing risks to the financial system. Slok also noted that AI agents can monitor balances in real time, compare yields across different institutions, and automatically move idle funds. (CoinDesk)