SoFi plans to launch a one-stop service for encryption investment remittances, promoting that you can invest with just 10 dollars, riding the wave of OpenAI equity discussions.

SoFi Technologies Inc., a financial technology company in the United States, is aggressively entering the crypto field with the stock code SOFI(. It plans to reintroduce Crypto Assets investment on its platform and launch a global remittance function to facilitate cross-border remittances through Blockchain processes. Additionally, it hasn't missed out on the recent hottest topic of OpenAI private sale; SoFi is collaborating with asset management companies to launch new private market funds that allow retail investors to invest in companies like SpaceX, OpenAI, and Epic Games. Investors can make investments through the SoFi app, with a minimum investment amount of just $10.

Fintech startup SoFi Technologies Inc.

SoFi Technologies Inc. (NASDAQ: SOFI) is an American financial technology company founded in 2011 and headquartered in San Francisco. SoFi initially focused on student loan refinancing and later evolved into a one-stop platform providing a full range of digital financial services, covering three core businesses: lending, financial services, and technology platform. SoFi also holds a banking license, allowing it to accept deposits and make loans, combining the advantages of traditional banking with FinTech.

SoFi reintroduces crypto assets investment and launches global remittance services.

SoFi abandoned Crypto Assets investment in 2023 as a condition for obtaining a banking license in a stricter regulatory environment. However, benefiting from the Trump administration's deregulation policies, the company seems ready to make a comeback.

According to Bloomberg, SoFi plans to offer crypto asset spot trading, allowing customers to buy, sell, and hold cryptocurrencies such as Bitcoin and Ethereum in their accounts. The company plans to eventually expand to stablecoin issuance and add lending features backed by crypto assets.

In addition, SoFi will launch a global remittance feature on its application, enabling cross-border remittances through Blockchain processes.

SoFi CEO Anthony Noto stated:

"The future of financial services is being fundamentally reshaped through innovations in crypto assets, digital assets, and blockchain. Innovations in crypto assets and blockchain can and will permeate every aspect of our business and capabilities, including purchasing, payment, saving, investing, lending, and protection."

SoFi will provide customers with the opportunity to invest in OpenAI and SpaceX through a new fund.

SoFi is collaborating with an asset management company to launch a new private sale market fund that allows retail investors to invest in companies like SpaceX, OpenAI, and Epic Games. Investors can invest through the SoFi app, with a minimum investment amount of just $10.

Private market funds are one of the avenues for purchasing shares of unlisted companies, typically with a high investment threshold that makes it difficult for retail investors to access. Robinhood recently announced that it will offer equity "tokens" services, but this has sparked much controversy. OpenAI stated that such investments are not authorized and advised customers to exercise caution regarding these types of investments.

)OpenAI slaps Robinhood in the face; is tokenized private equity investing or market prediction?(

SoFi's net profit has increased, and its stock price has risen by 33% so far this year.

SoFi's net profit in the first quarter was $71 million, exceeding analysts' expectations of $39.8 million. Adjusted net income grew by 33%, reaching $771 million, which also surpassed expectations. SoFi's business scope has expanded from its initial focus on student loan refinancing to the fintech sector, launching robo-advisory and Crypto Assets investment products.

SoFi's stock price has increased by 33% year to date.

This article discusses SoFi's plan to launch a one-stop service for crypto investment remittances, promoting the idea that you can invest with as little as 10 dollars, first appearing in Chain News ABMedia.