BitGo’s bank selected to support SoFiUSD
05 March 2026 US
Image: phive2015/stock.adobe.com
BitGo Bank & Trust, BitGo’s Office of the Comptroller of the Currency-regulated digital asset trust bank, has been selected by SoFi Bank to provide stablecoin infrastructure services and support distribution for its US-dollar pegged stablecoin, SoFiUSD.
The stablecoin will become the first issued by a US nationally chartered and insured deposit bank on a public, permissionless blockchain.
BitGo, through its Stablecoin-as-a-Service platform, is set to provide technology and operational infrastructure that will support the issuance,
Additionally, BitGo will also collaborate with payments providers, market participants, and exchanges in a bid to expand institutional access and integration of the stablecoin.
Commenting on the joint venture, Mike Belshe, CEO and co-founder of BitGo, says: “SoFiUSD represents the convergence of compliant banking and blockchain efficiency.”
Business lead for crypto distribution at Sofi, Simon Griffin, adds that the infrastructure “unlocks the next phase of digital finance for thousands of institutions through our partnership”.
The stablecoin will become the first issued by a US nationally chartered and insured deposit bank on a public, permissionless blockchain.
BitGo, through its Stablecoin-as-a-Service platform, is set to provide technology and operational infrastructure that will support the issuance,
Additionally, BitGo will also collaborate with payments providers, market participants, and exchanges in a bid to expand institutional access and integration of the stablecoin.
Commenting on the joint venture, Mike Belshe, CEO and co-founder of BitGo, says: “SoFiUSD represents the convergence of compliant banking and blockchain efficiency.”
Business lead for crypto distribution at Sofi, Simon Griffin, adds that the infrastructure “unlocks the next phase of digital finance for thousands of institutions through our partnership”.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one digital assets news source this year, make sure it is your free subscription to The Digital Assets Edge
100% ON RETURNS If you invest in only one digital assets news source this year, make sure it is your free subscription to The Digital Assets Edge
