SoFi Bank launches tokenized deposit with 4.40% APY

SoFi Bank has introduced SoFi Earn, a new tokenized deposit product that offers a 4.40% annual percentage yield. The deposit comes with FDIC coverage. Account holders can convert their funds into stablecoins at any time, day or night.

Would you trust a bank-issued tokenized deposit over a regular savings account?

#sofi #tokenizeddeposit #cryptobanking