SoFi’s tokenized deposit pays 4.40% APY on dollars ready for crypto

SoFi’s tokenized deposit product, SoFi Earn (SOFIE), launched on October 22, 2026, offering consumers 4.40% APY on digital dollars held at SoFi Bank. SoFi describes it as the first consumer tokenized deposit issued by a national bank, combining deposit insurance with the ability to convert funds into a stablecoin for crypto purchases and blockchain transfers. […]