SoFi Launches Business Banking on Solana With Cumberland, Bullish and Mastercard
SoFi states that Big Business Banking is a corporate platform for managing fiat and crypto under a nationally chartered bank framework, with initial participants including Mastercard and BitGo and planned support for multiple blockchains including Solana.
SoFi has launched Big Business Banking, a corporate platform that allows institutions to manage fiat and crypto under a nationally chartered bank framework. The new update says the service begins with 10 initial participants, including Mastercard and BitGo, and that the platform plans to operate across multiple blockchains including Solana. This expands earlier details that described the product as SoFi’s enterprise business banking initiative and indicates a broader blockchain strategy beyond a Solana-only framing.
- Solana: A blockchain network designed for high-speed, low-cost transactions and decentralized applications.
- crypto: Digital assets secured by cryptographic systems and typically recorded on blockchain networks.