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

SoFi has introduced a tokenized deposit product carrying a 4.4% yield, according to Yahoo Finance, with the offering linking traditional bank savings to stablecoin infrastructure. The structure places a bank deposit—rather than a purely crypto-native instrument—on a tokenized rail, which is the detail that distinguishes it from a conventional high-yield savings account.

The move matters because it sits at the intersection of two usually separate worlds: regulated deposit-taking and blockchain-based settlement. Tokenized deposits aim to combine the familiarity and perceived safety of a bank balance with the programmability and faster transferability associated with stablecoins. For market observers, the 4.4% figure is a useful benchmark, since it signals how aggressively a deposit-backed product can compete for yield-sensitive balances.

What to watch: how the yield is generated and whether it holds as rate conditions change; the regulatory treatment of the tokenized claim, including redemption mechanics; and whether other banks follow with similar products. Adoption will likely hinge on clarity around deposit insurance and custody. For now, the launch is best read as a signal of convergence between banking and digital-asset rails rather than a settled new standard.