SoFi Adds XRP Deposits: Ripple Savs Broader Access Brings More Participation and Utility
XRP deposits have been enabled on SoFi, expanding regulated crypto access for U.S. retail users. The move places the asset within a national chartered bank platform, while Ripple highlighted closer links between traditional finance and digital asset markets.
Key Takeaways:
XRP gains regulated access as deposits go live on SoFi’s platform.
SoFi expands crypto offerings by adding XRP alongside major assets.
Ripple highlights increased adoption as XRP access broadens in fintech.
SoFi Adds XRP Deposits to Regulated Crypto Platform
Digital financial services company SoFi Technologies Inc. (Nasdaq: SOFI) said on social media platform X on April 21 that it has expanded crypto accessibility, reflecting deeper integration of digital assets within regulated financial platforms. Ripple also highlighted the development, pointing to increasing alignment between banking services and crypto markets, with XRP gaining another entry point for U.S. retail participants.
SoFi stated that it now supports XRP deposits alongside major assets such as bitcoin ( BTC), ethereum ( ETH), and solana ( SOL). The company positioned the addition within its broader crypto infrastructure, emphasizing portfolio management through a single application. It described its platform as a national chartered bank overseen by the Office of the Comptroller of the Currency (OCC), where users can buy, sell, and hold crypto, placing XRP within a regulated setting and reinforcing its multi-asset approach aimed at broader adoption.
