SoFi Launches Tokenized Deposit with 4.4% APY and FDIC Insurance

• SoFi Bank launched SoFi Earn, a tokenized deposit product offering 4.40% APY with FDIC coverage.
• Each SOFIE token represents $1 on deposit at SoFi Bank.
• SoFi Earn allows users to convert their funds to stablecoins 24/7.
• SoFi becomes the first consumer bank to offer tokenized deposits, bridging traditional and blockchain finance.
• The product offers a combination of yield and protection that ordinary stablecoins lack.