SoFi Technologies' (SOFI) SoFi Crypto Launch Makes It First Nationally Chartered, FDIC-Insured Bank in the U.S.

SoFi Technologies, Inc. (NASDAQ:SOFI) is one of the best crypto-related stocks to invest in.

On November 11, 2025, SoFi Technologies, Inc. (NASDAQ:SOFI) announced the launch of SoFi Crypto. The company made itself the first nationally chartered, FDIC-insured bank in the U.S. to launch such a platform. Its SoFi app will directly allow trading of major cryptocurrencies. Additionally, future USD stablecoin integration will be supported by the platform, embedding crypto into lending and infrastructure offerings. The demand for the all-in-one platform is also significant, with 60% of crypto-owning members preferring to use a licensed bank.

Meanwhile, on October 30, UBS raised its price target on SoFi Technologies, Inc. (NASDAQ:SOFI) from $20.50 to $27.50, while reiterating a “Neutral” rating. The price target increase followed the company’s Q3 results announcement on October 28.

In the second quarter, SoFi Technologies, Inc. (NASDAQ:SOFI) reported a 38% YoY revenue growth, taking it to $950 million. Furthermore, $277 million was recorded in adjusted EBITDA, a roughly 50% YoY increase. Total loan originations rose by $1.2 billion QoQ to $9.9 billion. Fee-based revenue growth of 50% to $409 million was a key revenue driver. Thanks to an equity raise and debt reduction, tangible book value increased to $7.2 billion. As a result of the strong performance, the management raised full-year guidance for revenue, EBITDA, and EPS. Strong member growth and capital-light business momentum are expected to drive future growth.

SoFi Technologies, Inc. (NASDAQ:SOFI), a U.S.-based fintech and banking platform, offers crypto services, alongside loans, deposits, and investments.

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