SoFi, a US-based financial institution with a national bank license, has begun supporting the Solana network.
The bank announced that 13.7 million of its customers can now deposit Solana (SOL) tokens directly through its banking application.
SoFi announced that users can now deposit SOL directly through the Solana network. The bank stated that, as a nationally licensed US bank, it is one of the first institutions where individuals can buy, sell, and store cryptocurrencies within a single application.
Thanks to the new integration, SoFi customers will be able to send SOL tokens directly from external wallets to their SoFi crypto accounts. This allows users to manage their assets through on-chain transfers, directly on the blockchain, rather than relying solely on brokerage-like price tracking or indirect investment tools.
Within the SoFi app, users will be able to buy, sell, store, and view their balances for SOL, along with current accounts, savings accounts, and other financial products, all through a single interface. This step stands out as a rare integration among institutions with national bank licenses in the US.
*This is not investment advice.
