Sofi plans to bring the Crypto services for its customers after suspending these operations in 2023 so as not to hinder its efforts to become a regulated bank.
“We are going to reintegrate the cryptography sector, which we had to go out,” said Anthony Noto, CEO of Sofi, in an interview with CNBC. “We will re-examine the activities to authorize our members to invest in cryptocurrency. We really want to make a more important and more complete thrust in cryptocurrency, to really include crypto or blockchain capacities in each product area that we have.”
The technology company had offered customers access to more than 20 tokens in 2023, but decided to stop its services, because it was receiving a banking charter in the United States at a time when attention to the digital asset industry was definitely hostile under the Biden administration.
Noto said that thanks to the new directives of the currency controller, which was published in March and promised a reduced burden for banks engaged in the sector, the technological company could start to offer cryptography at the end of this year.
Sofi will also seek to use Blockchain technology in all its main products in the next 24 months, he said, and the company could also offer crypto payments as well as loans against cryptographic assets.
“Our aspirations are as wide as for any other product we have, and we think we can take advantage of technology between loans and savings and expenses and investments and protection,” said Noto.
