Key Highlights
- SoFi Technologies, the only FDIC-insured national bank, rolled out direct SOL deposits and transfer on the native Solana blockchain within its mobile app
- This integration will allow users to send SOL from external wallets without third-party exchanges or bridges
- Members can now buy, sell, hold, and deposit SOL, along with BTC, ETH, and over 25 other cryptocurrencies, directly funded from SoFI Money Checking or Savings accounts
SoFi Technologies, the first and only nationally chartered U.S. bank, has announced that it will now allow direct deposits and transfers for Solana on its native Solana network within the SoFi app.
This feature is part of the SoFi crypto platform, which launched in November 2025. It allows members to deposit SOL from external wallets using the Solana blockchain. Users can also buy, sell, and hold the asset directly from their FDIC-insured checking or savings accounts.
SoFi Adds Support for Solana via App
According to SoFi’s official website, SOL is one of 11 supported cryptocurrencies for inbound deposits. Users must select the correct Solana network when transferring to avoid errors.
Deposits of Sol will follow standard wallet instructions, which ensures compatibility with Solana’s high-speed and low-cost protocol. SoFi Crypto supports SOL transfers on its native chain, which distinguishes it from wrapped or bridged versions that exist on other networks.
The integration comes after SoFi’s November 11 announcement as the U.S.’s first nationally chartered bank to provide crypto services in a single app. Members fund purchases instantly from SoFi Money Checking or Savings, which are FDIC-insured. This removes the need for external transfers.
SOL is joining the platform with Bitcoin, Ethereum, and over 25 other cryptocurrencies available for trading and holding. Funds held in checking or savings accounts will earn interest even when not invested in crypto.
This capability is expected to enhance accessibility for Solana users by combining regulated banking safeguards with direct blockchain interaction. No additional KYC or separate wallets are needed beyond the SoFi Connected Account setup. SoFi mentioned bank-grade security, education tools for beginners, and easy fiat-to-crypto flows.
This comes after the chartered bank’s blockchain strategy, including planned USD stablecoin issuance in 2026, Lightning Network remittances, and crypto integration into lending products. With 12.6 million members, the feature will connect traditional finance with the Solana ecosystem, including supporting DeFi, NFTs, and dApps through faster and cheaper on-ramps.
SoFi Crypto assets are not FDIC or SIPC-insured, and the company also advises users to verify network selection during deposits. The launch has expanded fully since late 2025, with SOL network support confirmed in the current app functionality and help center resources.
There is no immediate price movement seen in SOL after this announcement. At the time of writing, SOL is trading at around $81.63 with a 3.88% drop in 24 hours, according to CoinMarketCap.
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