SoFi Technologies

SoFi (SOFI), an online bank with no branches, earning interest on the personal, student and home loans it makes, fees from its brokerage and credit card, and processing revenue from Galileo, the card platform it bought in 2020 and rents to other fintechs. It began in 2011 lending alumni money to Stanford business school students, and bought a small California bank in 2022 for a national charter. SOFI on Robinhood Chain is a Robinhood Stock Token, a tokenised debt security issued by Robinhood Assets (Jersey) Limited and backed by SoFi Technologies shares held in custody at Alpaca Securities.