📰 ET Markets 🏛️ RBI/POLICY 🕒 22 Oct 2026, 06:15 PM IST

SoFi targets idle crypto cash with interest-bearing tokenized deposit

⚡ Instant Key Takeaways (TL;DR)

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Core Development: SoFi targets idle crypto cash with interest-bearing tokenized deposit

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Market & Financial Impact: SoFi Technologies has launched an innovative tokenized deposit product that offers an attractive 4.2% annual interest rate. Funds deposited are insured by the Federal Deposit Insurance Corporation for amounts up to $250,000 per depositor. This strategic move enables customers to prepare for crypto acquisitions while still earning interest, rather than letting cash sit idle.

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Actionable Insight: 🏛️ Policy & Macro: Interest rate, inflation, or regulatory changes affecting broad market valuations.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

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SoFi targets idle crypto cash with interest-bearing tokenized deposit

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