The Block reports that digital finance company SoFi announced the launch of “Big Business Banking,” a platform designed to provide enterprise customers with a unified, compliant management system for both fiat and crypto assets. The platform operates on the basis of the national bank license held by SoFi and supports 24/7 fund transfers and liquidity management. The platform’s core features include API-driven fiat and crypto payments, as well as direct minting and burning of the SoFiUSD stablecoin. Its underlying infrastructure is mainly built on blockchain networks such as Solana. The first market-making and custody partners include institutions such as Galaxy, Wintermute, Fireblocks, and BitGo. Previously, SoFi expanded its stablecoin settlement network through an agreement with Mastercard, and the rapid growth of its digital asset business helped the company’s revenue first exceed $1 billion in its most recent quarter.
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