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
Archive context
Fresh in the current trading session. It maps to an active market topic.
Why this matters
This maps to the Tokenization hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.
Original source
Read on The DefiantRelated market context
SoFi launches tokenized deposit convertible to its SoFiUSD stablecoin
SoFi's SOFIE bridges traditional banking and crypto, offering insured deposits with flexibility, potentially reshaping digital fin...
SoFi launches interest-bearing, FDIC-insured tokenized deposit for crypto users
SoFi has launched SOFIE, a tokenized deposit offering 4.4% APY and FDIC insurance, with the option to convert to SoFiUSD.
SoFi Launches Tokenized Deposit That Earns 4.4% and Converts to a Stablecoin
Each SOFIE token represents $1 on deposit at SoFi Bank, earning 4.40% APY with FDIC insurance—a yield-and-protection combination o...
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 stableco...
Dune launches real-time onchain trading data feeds for tokenized markets
Dune's real-time data feeds could bridge onchain and traditional finance, enhancing market efficiency and risk management for inst...
Vantage and Rio Bank settle a loan payment with tokenized deposits on Ethereum
This event highlights the potential for blockchain to revolutionize banking by enhancing transaction speed, efficiency, and compli...