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Digital financial services company SoFi Technologies Inc. (Nasdaq: SOFI) said on social media platform X on April 21 that it has expanded crypto accessibility, adding support for XRP deposits. Ripple also highlighted the development, pointing to deeper integration between banking services and crypto markets, with XRP gaining another entry point for U.S. retail participants.
SoFi said it now supports XRP deposits alongside major assets including bitcoin, ethereum, and solana. The company framed the change as part of its broader crypto infrastructure, emphasizing portfolio management through a single application.
SoFi described its platform as a national chartered bank overseen by the Office of the Comptroller of the Currency (OCC), where users can buy, sell, and hold crypto. In that regulated setting, SoFi positioned XRP as part of a multi-asset approach aimed at broader adoption.
SoFi’s website outlines its transfer capabilities, stating that users can deposit 12 cryptocurrencies into a SoFi Crypto account: bitcoin (BTC), ethereum (ETH), USD Coin (USDC), chainlink (LINK), shiba inu (SHIB), uniswap (UNI), aave (AAVE), polygon (POL), Lido DAO (LDO), floki (FLOKI), solana (SOL), and XRP.
The list indicates support across the Bitcoin network, Ethereum network, Solana network, and the XRP Ledger, reflecting how the platform facilitates transfers across multiple blockchain ecosystems.
SoFi also said 27 cryptocurrencies are currently available for trading on its platform. The lineup includes bitcoin (BTC), ethereum (ETH), XRP, solana (SOL), and USD Coin (USDC), along with dogecoin (DOGE), cardano (ADA), chainlink (LINK), avalanche (AVAX), stellar (XLM), sui (SUI), and bitcoin cash (BCH).
Additional supported tokens include hedera (HBAR), litecoin (LTC), shiba inu (SHIB), uniswap (UNI), aave (AAVE), and NEAR Protocol (NEAR), as well as ethereum classic (ETC), polygon (POL), arbitrum (ARB), cosmos (ATOM), sei (SEI), bonk (BONK), Lido DAO (LDO), floki (FLOKI), and tezos (XTZ).
Ripple echoed the significance of the update on April 21 on X, stating:
“More access to XRP with SoFi means more people can participate, and that’s exactly how utility grows.”
The focus on XRP follows SoFi’s April 21 X post, which singled out the token even though the company’s transfer and trading offerings cover a wider range of cryptocurrencies. Ripple connected the integration to its broader narrative around adoption and network usage, noting that adding XRP deposits within a bank-linked platform supports continued expansion of availability in consumer-facing financial channels.
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