SoFi Enables Solana Network Deposits for Users
SoFi, holding a U.S. national banking license, now offers Solana network deposit capabilities, expanding its crypto services to support high-speed, low-cost blockchain transactions.
SOL
Fact Check
Multiple independent and authoritative news outlets report that SoFi has introduced support for deposits via the Solana network, including Yahoo Finance and MEXC, both of which state clearly that the bank now allows direct on-chain SOL transfers. These reports are consistent, specific, and recent, and note that SoFi is the first US-chartered bank to offer this capability. While SoFi's official support documentation does not yet explicitly confirm Solana deposits — possibly due to a lag between feature launch and documentation updates — there is no contradictory evidence in the reviewed sources. The coverage across different platforms is aligned in describing the new feature, and the absence of dissenting or contrary facts makes it highly probable that the statement is true.
Summary
Fintech firm SoFi, a U.S. nationally licensed bank, announced its app now supports deposits from the Solana (SOL) network. Customers can buy, sell, and custody SOL directly within the SoFi App. This marks an expansion of its digital asset offerings, providing access to Solana’s fast and low-cost blockchain features alongside existing crypto services.
Terms & Concepts
- Solana Network: A high-performance blockchain known for fast transaction processing and low fees, often used for decentralized applications.
- Blockchain Deposit: Transferring cryptocurrency from an external wallet to a platform's account using blockchain transactions.
- Crypto-Chartered Bank: A bank with a federal or national charter that is authorized to offer cryptocurrency-related banking services.