SoFi has become the first nationally chartered U.S. bank to support XRP deposits, allowing its 13.7 million customers to buy, sell, and hold the cryptocurrency directly within their existing banking app. The federally regulated institution, overseen by the Office of the Comptroller of the Currency, announced the move on April 21, marking a significant step for mainstream XRP adoption within traditional financial infrastructure.
SoFi announced the move on April 21, confirming it now supports XRP deposits alongside Bitcoin, Ethereum, and Solana. The company supports 12 cryptocurrencies for deposit and 27 for trading across its platform.
The bank stated on X that customers can manage their portfolio in one app with the first national chartered bank where individuals can buy, sell, and hold crypto. Ripple responded directly, posting that more access to XRP means more people can participate and that is how utility grows.
Crypto commentator Xaif described the development as a moment the XRP community had long anticipated. He noted that 13 million banking customers can now buy, sell, and hold XRP in the same app as their salary.
SoFi’s support team has confirmed that crypto withdrawals are coming, following the same pattern used when Solana was rolled out in November 2025. The reaction across the XRP community was largely positive, though some noted withdrawals to external wallets are not yet available.
SoFi’s crypto rollout has been gradual, starting with Bitcoin and Ethereum from FDIC-insured accounts. In February 2026 it became the first nationally chartered U.S. bank to support Solana deposits before adding XRP.
XRP bank adoption sits alongside broader institutional momentum for the XRP Ledger. At the Digital Assets Forum 2026, a World Bank fintech specialist described the ledger as purpose-built for cross-asset, transparent payments.
Real-world asset activity on the ledger surged 875%, with total tokenized value approaching $2.5 billion. Institutions including BlackRock, Franklin Templeton, and Mastercard have also shown growing interest in the XRP Ledger.
