SoFi is set to reintroduce cryptocurrency services for its users by the end of 2025, after temporarily suspending them in 2023 to secure a bank charter. CEO Anthony Noto announced the company's renewed focus on crypto investing, with plans to integrate blockchain technology across its various product lines.
This decision follows updated guidance from the Comptroller of the Currency in March 2025, which eases regulatory burdens on banks involved in the crypto sector. SoFi had previously offered access to over 20 tokens but halted these services during its bank charter application due to increased regulatory scrutiny.
Noto indicated that the updated regulatory environment allows SoFi to resume crypto investing. The company also intends to incorporate blockchain technology into its major products within the next 24 months, potentially offering crypto payments and lending against crypto assets. SoFi aims to leverage blockchain technology across lending, savings, spending, investing, and protection services.