SoFi launches tokenized bank deposits with 4.4% yield and FDIC insurance

SoFi has launched tokenized bank deposits that offer a 4.4% yield while carrying FDIC insurance. The product combines traditional banking protections with the flexibility of tokenized digital assets, aiming to draw in new users. Traders would watch this as another sign of tokenization moving into mainstream banking, though it does not directly involve a specific crypto asset.