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SoFi and Partners Introduce Innovative Tokenized Deposit Solutions for Consumers and Crypto Investments

Crypto News

SoFi and Partners Introduce Innovative Tokenized Deposit Solutions for Consumers and Crypto Investments

SoFi Unveils Bank-Issued Tokenized Deposit for Consumers

The Crypto Times

SoFi Unveils Bank-Issued Tokenized Deposit for Consumers

SoFi has launched SOFIE, a tokenized bank deposit offering a stated 4.40% APY, with eligible deposits covered by FDIC insurance subject to applicable limits.

SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds

Cointelegraph

SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds

SoFi Bank launched SoFi Earn, a tokenized deposit paying 4.40% APY with FDIC coverage, allowing users to convert funds to stablecoins 24/7.

SoFi Launches SOFIE Tokenized Deposit With 4.4% APY

The Defiant

SoFi Launches SOFIE Tokenized Deposit With 4.4% APY

Members can convert the deposit into SoFiUSD at a 1:1 rate, but deposit interest and FDIC coverage do not follow the money into the stablecoin.... Read the full story at The Defiant

Vantage and Rio Bank Use Tokenized Deposits for Loan Payment on Ethereum

The Defiant

Vantage and Rio Bank Use Tokenized Deposits for Loan Payment on Ethereum

Participate says principal and interest reached the receiving bank’s wallet in under three minutes, with loan balances and notices updated alongside the payment.... Read the full story at The Defiant

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