According to Cointelegraph, SoFi Bank launched the SoFi Earn product, which offers a tokenized deposit that provides yield through crypto funds. The deposit is issued by the bank and includes FDIC coverage. Users can convert their deposited funds into stablecoins at any time of day, seven days a week. The offering aims to provide access to yield-bearing assets within the SoFi platform while maintaining traditional banking protections. No additional details about implementation timelines, user volume, product scope beyond crypto funds, or technical specifications were provided.
