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The Economic Times

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SoFi targets idle crypto cash with interest-bearing tokenized deposit

SoFi Technologies has launched an innovative tokenized deposit product that offers an attractive 4.2% annual interest rate. Funds deposited are insured by the Federal Deposit Insurance Corporation for amounts up to $250,000 per depositor. This strategic move enables customers to prepare for crypto acquisitions while still earning interest, rather than letting cash sit idle.

22 Oct 2026 6:15 pm