SoFi Launches Tokenized Deposit Paying 4.4% Yield, Linking Bank Savings to Stablecoin - Yahoo Finance

SoFi has introduced a tokenized deposit product offering a 4.4% yield, according to Yahoo Finance, in a move that links traditional bank savings with stablecoin infrastructure. The development reflects a broader push among financial firms to place conventional deposit balances on blockchain rails while preserving familiar banking features.

The significance lies in the bridge it creates between two normally separate worlds: regulated bank deposits and digital-asset settlement. A tokenized deposit is designed to represent a claim on a bank balance while enabling faster, programmatic movement—potentially narrowing the gap between stablecoins, which are widely used in crypto markets, and insured-style savings products. The advertised 4.4% yield is also notable in a climate where savers compare deposit rates against money-market funds and other cash alternatives.

What to watch: how regulators characterize tokenized deposits versus stablecoins, whether other banks follow with similar offerings, and how the yield is generated and sustained. For markets, the key question is whether tokenized deposits gain traction as a settlement and savings tool—or remain a niche experiment. Observers should track disclosures on backing, redemption terms, and any limits on transfers before drawing conclusions about adoption.