{
  "id": 16048659,
  "title": "SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds",
  "url": "https://urgent.news/2026/10/22/sofi-unveils-bank-issued-tokenized-deposit-for-yield-bearing-crypto",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T13:13:45.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/sofi-bank-issued-tokenized-deposit-yield-bearing-crypto-funds"
  },
  "original_language": "en",
  "account": null,
  "summary": "SoFi has introduced SoFi Earn, a new service offering tokenized deposits with a 4.40% APY and FDIC coverage. This allows users to convert their funds to the bank's dollar-pegged stablecoin, SoFiUSD, at any time to purchase crypto or send funds externally. SoFi Earn is available to SoFi Crypto members starting in November, with no minimum balance required. Each token represents a $1 deposit at SoFi Bank, and the deposits are insured up to $250,000 per depositor.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Block",
        "title": "SoFi launches interest-bearing, FDIC-insured tokenized deposit for crypto users",
        "url": "https://urgent.news/2026/10/22/sofi-launches-interest-bearing-fdic-insured-tokenized-deposit-for",
        "published": "2026-10-22T12:00:00.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "SoFi targets idle crypto cash with interest-bearing tokenized deposit",
        "url": "https://urgent.news/2026/10/22/sofi-targets-idle-crypto-cash-with-interest-bearing-tokenized-deposit",
        "published": "2026-10-22T12:04:58.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}