SoFi Becomes First US Bank to Enable Direct Solana Deposits

The growing convergence between traditional banking and public blockchains took a notable step forward this week. SoFi became the first nationally chartered US bank to enable direct deposits on the Solana network. 

As a result, more than 13.7 million customers can now transfer SOL tokens from external wallets straight into their SoFi crypto accounts. The move reflects a deeper integration of regulated banking infrastructure with decentralized finance technology.

Expanding Crypto Access Inside a Regulated Bank

SoFi now allows customers to buy, sell, hold, and receive SOL within its mobile app. Additionally, users can manage crypto balances alongside checking and savings accounts. 

This integration simplifies digital asset management for mainstream customers. Moreover, it reduces friction between traditional finance and blockchain ecosystems.

The bank began as a student loan refinancing startup in 2011. However, it later secured a national bank charter and expanded aggressively. Today, SoFi manages over $50 billion in assets. Consequently, its decision carries weight across the fintech sector.

Besides its banking services, SoFi commands strong brand recognition. The company holds naming rights to SoFi Stadium in California. 

The venue hosted Super Bowl LVI and WrestleMania 39. It will also stage matches during the 2026 FIFA World Cup and events for the 2028 Summer Olympics. Hence, the company blends finance, technology, and mass-market visibility.

Solana Price Action and Market Structure

Solana’s price currently stands at $81.42, reflecting a recent decline. The asset dropped over 5% in the past 24 hours. Additionally, it slipped nearly 4% over the last week. Despite short-term weakness, analysts continue to monitor key support levels.

Crypto Tony highlights the $76.60 zone as a potential long entry area. He notes that resistance remains firm near $91 to $92. Moreover, mid-range supply sits between $85 and $87. 

Source: X

If price revisits $76.60 and shows strong reaction signals, traders may target $82 first. However, a breakdown below that support could open downside toward $72.