SoFi Technologies launches tokenized deposit offering 4.40% variable yield
SOFI SoFi Technologies Inc
$16.37 -2.27%
View chart & analysis → - 1SoFi Technologies has launched a tokenized deposit offering a 4.40% variable yield.
- 2Record earnings and a unique banking strategy show strong growth opportunities.
- 3Rising funding costs could change the situation.
So what's the key point?
SoFi Technologies has introduced a new deposit product that pays 4.40% interest. While the company has opportunities for significant growth, the situation could change if the cost of borrowing money rises.
Source The Motley Fool +1 · View original ↗
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