SOFI — SoFi Technologies, Inc. - Common Stock
Session close: $14.62. Regular-session share volume: 36,050,650. Change from previous close: -1.05%.
Key developments
Ahead of the session, SoFi launched SoFi Earn, a tokenized deposit product that pays interest while keeping underlying customer funds in federally insured accounts. Members can convert deposits into cash or SoFi’s stablecoin for cryptocurrency purchases and blockchain transfers, expanding the company’s crypto-related offerings.
SoFi Technologies (SOFI) Introduced An FDIC Insured Tokenized Deposit · SoFi Launches "SoFi Earn" Tokenized Deposit Product
SoFi also partnered with Prudential to integrate no-exam term life insurance quotes and purchases into its app. The supplied coverage reports these product developments from the prior session; it does not establish customer adoption, financial impact or a fresh development during the target session. Claims that SoFi Earn is a first-of-its-kind bank offering are attributed to the company.
SoFi Technologies (SOFI) Introduced An FDIC Insured Tokenized Deposit · SoFi Just Shipped the Two-Tier Dollar: 4.40% Inside the Bank, Free Movement Outside It · SoFi Launches "SoFi Earn" Tokenized Deposit Product
News sources
Company news Truist Securities Maintains Hold on SoFi Technologies, Lowers Price Target to $16 · Company news SoFi Technologies (SOFI) Introduced An FDIC Insured Tokenized Deposit