SoFi Technologies (SOFI) Introduced An FDIC Insured Tokenized Deposit

SoFi Technologies (NasdaqGS:SOFI) launched SoFi Earn (SOFIE), an FDIC-insured tokenized deposit product built on blockchain rails. The new SOFIE deposit keeps customer funds within FDIC-insured accounts while issuing on-chain tokens that mirror underlying cash balances. SoFi also partnered with Prudential to embed no-exam term life insurance quotes and purchase flows directly inside the SoFi app. The SOFIE rollout and Prudential in-app life cover are important, but investors need to weigh...