US bank launches 24 hour crypto treasury

TLDR

SoFi Bank has launched a 24/7 crypto-enabled treasury platform for enterprises, bringing round-the-clock stablecoin and crypto settlement into a regulated U.S. bank stack.

1. SoFi Big Business Banking lets companies hold USD, mint SoFiUSD stablecoin, and move funds in fiat and crypto 24/7 within a single regulated banking platform.
2. The service targets the current gap where treasurers juggle multiple banks, stablecoin issuers, and custodians, and it uses blockchains like Solana for near-instant settlement.
3. Adoption by major trading firms and evolving U.S. stablecoin rules will determine how much flow shifts from legacy rails and existing stablecoins to this new bank-native setup.

Deep Dive

1. What SoFi Just Launched

SoFi Technologies, via SoFi Bank, N.A., has rolled out Big Business Banking, an enterprise platform that lets corporates hold dollar deposits, issue and redeem its SoFiUSD stablecoin, and settle in digital assets around the clock within one regulated system. Reports highlight that firms can deposit USD, convert to SoFiUSD, and move funds continuously instead of being constrained by 95 banking hours or wire cutoffs, with reserves held on SoFis bank balance sheet rather than at an external issuer.

Partners at launch include major market makers, custodians, and infrastructure players such as Cumberland, Wintermute, Bullish, BitGo, Galaxy, Fireblocks, Jupiter, Mesh Payments, and Mastercard, with the platform expected to connect to blockchains like Solana for onchain settlement in SoFiUSD and select cryptocurrencies.

2. Why This Matters For Crypto

Today many crypto-native businesses use one bank for fiat, one or more issuers for stablecoins, and a separate custodian, which creates operational friction and settlement delays. SoFis product explicitly aims to collapse this into a single bank environment that runs 24/7 and speaks both fiat and onchain languages.

Because SoFiUSD is fully reserved inside a U.S. national bank and integrated with Fed-accessible payment rails, it positions itself as a more bank-like alternative to offshore or nonbank stablecoins while still settling on public chains. That could matter for institutions that want crypto speed but strict compliance and reporting.

3. What To Watch Next

1. Flow and adoption: Watch whether liquidity desks, payment processors, and fintechs report using SoFiUSD and Big Business Banking at scale, not just in pilot form.
2. Regulation: U.S. stablecoin rules and bank oversight frameworks will shape how far SoFi and peers can extend these services and what capital and disclosure requirements apply.
3. Competition: Ripples upgraded treasury platform and trust-charter moves from players like Coinbase show a broader race to own institutional crypto treasury and payments.

Conclusion

A U.S. nationally chartered bank launching a 24/7 crypto treasury platform marks a significant step in merging traditional banking with onchain settlement. If SoFi and similar offerings gain traction, institutional money movement could increasingly happen through regulated bank-issued stablecoins and public blockchains, narrowing the gap between corporate treasury workflows and the always-on nature of crypto markets.