US Giant Bank SoFi Makes New Bullish Announcement About Solana (SOL)

SoFi, a US-based financial institution with a national bank license, has begun supporting the Solana network.

The bank announced that 13.7 million of its customers can now deposit Solana ($SOL) tokens directly through its banking application.

SoFi announced that users can now deposit $SOL directly through the Solana network. The bank stated that, as a nationally licensed US bank, it is one of the first institutions where individuals can buy, sell, and store cryptocurrencies within a single application.

Thanks to the new integration, SoFi customers will be able to send $SOL tokens directly from external wallets to their SoFi crypto accounts. This allows users to manage their assets through on-chain transfers, directly on the blockchain, rather than relying solely on brokerage-like price tracking or indirect investment tools.

Within the SoFi app, users will be able to buy, sell, store, and view their balances for $SOL, along with current accounts, savings accounts, and other financial products, all through a single interface. This step stands out as a rare integration among institutions with national bank licenses in the US.

*This is not investment advice.