SoFi Digital Bank resumes Crypto Assets services after a two-year interruption.

Gate News bot reports, according to CoinTelegraph, that following its exit from the market due to regulatory challenges, the online banking platform SoFi Technologies is making a strong return to the Crypto Assets space, reintroducing crypto trading and on-chain remittances. This American personal finance and fintech company announced on Wednesday that it will re-enter the Crypto Assets market and launch "blockchain-driven international remittances," marking a significant shift for the company after its exit from the sector in November 2023.

According to the waitlist notification on its website, SoFi customers will be able to buy, sell, and hold crypto assets in their accounts, and the company plans to eventually expand to stablecoin products and increase its ability for crypto lending.

The company stated that it will provide members with "the ability to borrow against assets, expand payment options, and introduce new staking features."

SoFi CEO Anthony Noto stated that he is "very excited" about the innovations driven by the company's use of Blockchain and Crypto Assets in its business, adding that "the new international payments (commonly referred to as remittances) planned by SoFi will convert fiat currency into Crypto Assets, transmit it via Blockchain, and then convert it back into local fiat currency."

Noto added that this is just the "first day" of innovation driven by Blockchain, encryption, and artificial intelligence, aimed at providing "faster, easier, safer, more accessible, and lower-cost financial services for our members."

According to Insider, the timing of its launch of Crypto Assets products coincides with the expectation that the financial technology Blockchain industry will grow from $3.4 billion in 2024 to $49 billion by 2030.

The company added that its Gate financial platform will also support third-party encryption infrastructure such as wallets and custody, allowing SoFi to compete in the evolving digital finance space.

As a condition for obtaining a banking license in a stricter regulatory environment, SoFi exited the crypto assets industry in 2023.

However, under the leadership of the Trump administration, regulations have been relaxed, stablecoin legislation is currently under review in Congress, and the Federal Reserve has removed "reputational risk" when reviewing banks, which may make it easier for Crypto Assets companies to deal with banks.

According to Google Finance data, the company's stock (SOFI) has risen by about 12% in the past week.