SoFi has collaborated with Lightspark to introduce an innovative feature that allows users to send money internationally via a blockchain network.

This partnership is part of SoFi’s strategy to re-enter the crypto market and launch blockchain-based remittance services. The system will convert US dollars into Bitcoin in real-time, facilitating international transfers, which can then be instantly converted into local currency and delivered to the recipient’s bank account.

Resuming Crypto Operations

The service is set to debut within SoFi’s application later this year but will initially be rolled out to users in Mexico before gradually expanding globally. In 2019, SoFi entered the crypto sector, yet it was compelled to halt its trading services as a requirement for obtaining a national bank charter in 2023.

SoFi has reaffirmed its commitment to the cryptocurrency market, revealing plans to reintroduce blockchain-enabled remittance services. The company mentioned that blockchain technology enables faster operations and new service offerings such as secured lending, which offers a lower cost of borrowing compared to unsecured loans like credit card lending. SoFi also intends to expand into other areas including digital currency trading, stablecoin integration, staking features, and the option for users to borrow against their crypto assets.

Financial Milestones

A milestone was achieved in March 2025 when SoFi completed a USD 697.6 million securitization of loan platform business volume. This transaction involved notes secured by a pool of personal loans from SoFi Bank, and the deal included contributions from multiple partners.