When asked what they see as the most innovative industries, investors probably won’t pick financial services. But SoFi Technologies (SOFI +2.30%) is changing that narrative. Its monster growth proves how well it’s resonating with customers.

The fintech stock is making an aggressive push into the cryptocurrency market. If history repeats, shareholders may enjoy supercharged returns.

SoFi is putting its foot on the crypto gas pedal

Just in the final six months of 2025, SoFi made some big moves that indicate management’s heightened focus on blockchain technology.

In August, SoFi announced an exciting partnership with Lightspark to offer a new capability. SoFi Pay customers can send fast and cheap cross-border payments to more than 30 countries within the app. These transactions use the Bitcoin Lightning network.

With SoFi Crypto, the business launched crypto trading in November, allowing its members to buy, sell, and hold certain digital assets. This is the first time a nationally chartered, federally insured bank made such a move.

In December, SoFi introduced its fully reserved stablecoin, called SoFiUSD, leaning into one of the hottest trends in the digital asset industry. This initiative “will enable SoFi to serve as a stablecoin infrastructure provider for banks, fintechs, and enterprise platforms,” according to the press release.

“Blockchain is a technology super cycle that will fundamentally change finance, not just in payments, but across every area of money,” Chief Executive Officer Anthony Noto said. He has high hopes.

Looking ahead, crypto-backed lending, institutional trading and custody, and business banking are all focus areas.

Today’s Change

(2.30%) $0.48

Current Price

$21.34

Key Data Points

Market Cap

$27B

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Day’s Range

$20.80 – $21.59

52wk Range

$8.60 – $32.73

Volume

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8.1K

Avg Vol

59M

Gross Margin

63.53%

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There is long-term upside for investors

Critics can argue that SoFi is getting distracted by an unproven technology. Skeptics might say that the company should focus on core revenue generators. This includes lending and fee-based banking activities. But investors have to let the leadership team do what it thinks is best. After all, SoFi has been impressively successful up to this point.

There is clearly upside for investors if things work out. The crypto market is currently in a downturn. Its market cap of $2.4 trillion is 44% below its peak from October (as of Feb. 9). However, the trailing five-year gain of 104% is still notable.

Assuming the crypto market continues its long-term ascent and is much more valuable in five or 10 years, it puts SoFi in a wonderful position to drive durable growth. Should the digital asset ecosystem continue to grow, it will fuel confidence that the industry is here to stay, supporting the belief that blockchain technology has real use within financial services.

With more adoption of SoFi’s related endeavors, the financials could get a boost, providing a tailwind to the stock price.

This post is part of our Capitol Connections series, where Annalisa Burgos sits down with state lawmakers to discuss their priorities for the legislative session and issues affecting their districts. Watch the full interview above and click here for more Capitol Connections.

HONOLULU (HawaiiNewsNow) – State Representative Scot Matayoshi is proposing legislation to combat fraud and scams and restrict cryptocurrency ATM purchases after hearing multiple accounts of kupuna being victimized.

Matayoshi, D, who represents Kaneohe and Kailua and chairs the House Consumer Protection and Commerce Committee, said a relative told him about a friend who was defrauded out of hundreds of thousands of dollars through an online scam.

“I think every single person I’ve talked to has known a cousin, an auntie, a friend of an auntie or a friend of a mom or whatnot that has been defrauded or at least has experienced someone trying to defraud them of money,” Matayoshi said.

Bank teller freeze authority

One bill would allow bank tellers to freeze transactions if they suspect fraud is occurring. Matayoshi said bank tellers serve as the first line of defense because many seniors visit banks in person and have relationships with tellers.

“If the bank teller believes that there’s a fraud, a fraudulent transaction happening, they can put a freeze on it and for a couple of days or however long they need in order for the person to honestly just snap out of it,” Matayoshi said.

He said victims typically realize they’ve been scammed within 24 to 48 hours, but by then the money is already gone and difficult to recover.

Cryptocurrency ATM restrictions

Matayoshi is also introducing legislation to prohibit cryptocurrency purchases through kiosks found inside grocery stores and convenience marts across the state, citing their frequent use in fraudulent transactions targeting seniors.

“These crypto kiosks, in my opinion, are mostly used for fraudulent transactions,” Matayoshi said. “The benefit to them doesn’t outweigh the massive fraud going on with these ATMs.”

The bill would still allow people to withdraw money from crypto ATMs if they already own cryptocurrency and want to convert it to cash.

Store owners have reported seeing seniors at crypto kiosks with cash, talking on phones with someone guiding them through transactions. Matayoshi said scammers often instruct victims to use the machines after claiming their relatives are in danger and need bail money.

Deceptive mailer protections

Another bill targets deceptive mailers that appear to be from mortgage companies or government agencies but are actually third-party services charging excessive fees.

“I’ve been getting a lot of letters that purport to be my mortgage company, that purport to be my car company,” Matayoshi said. The bill would require large disclaimers stating the mailers are not from actual companies and make transactions voidable if proper disclosures aren’t included.

School cell phone ban

Matayoshi is also proposing a school-wide cell phone ban from “bell to bell” that would protect teachers and schools from liability when confiscating devices.

As a former seventh-grade science teacher in Nanakuli, Matayoshi said teachers currently avoid confiscating phones worth hundreds or thousands of dollars due to liability concerns.

“If the cell phone broke, if another kid stole it out of my desk, if it got lost, then I would be held responsible for it,” Matayoshi said.

The bill includes exceptions for emergencies and educational use, and requires parents to pick up confiscated phones. Matayoshi said removing phones from classrooms could reduce bullying and allow students to interact without fear of being recorded.

Budget concerns

Matayoshi said his measure of success for the legislative session will be ensuring essential services like SNAP benefits and Medicaid are maintained despite tight budget constraints.

“Success for me at the end of session would be making sure that those core essential services are still being taken care of, that the government is still providing for people in need,” Matayoshi said.

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French authorities have arrested six suspects, including a minor, after a magistrate and her mother were held captive last week for around 30 hours in a cryptocurrency ransom plot, prosecutors said on Sunday, February 8.

Four men and one woman were detained, three overnight and two on Sunday morning, Lyon prosecutor Thierry Dran told AFP. He later confirmed a minor had been arrested on Sunday afternoon.

The individuals were taken into custody following the discovery of the 35-year-old magistrate and her 67-year-old mother on Friday morning, found injured in a garage in the southeastern Drôme region. Two of those arrested overnight were detained as they attempted to take a bus to Spain, according to a source close to the case speaking on condition of anonymity.

Authorities continue to actively search for further suspects, a second source close to the case said, adding that the woman in custody is the partner of one of the four male suspects.

During a press conference Friday after the pair’s escape, prosecutor Dran said the magistrate’s partner – who was not home when the two victims were abducted overnight Wednesday to Thursday – has a leading position in a cryptocurrency start-up.

A massive police search involving 160 officers was launched after the magistrate’s partner had received a message and a photo of her from the kidnappers demanding a ransom to be paid in cryptocurrency.

The captors threatened to mutilate the victims if the transfer was not made quickly, Dran told reporters, declining to specify the amount demanded. But the two women managed to free themselves and call for help without any ransom being paid, by banging on the garage door in Bourg-les-Valence.

“Alerted by the noise, a neighbour intervened. He was able to open the door and allow our two victims to escape,” Dran said.

Crypto-linked kidnappings

French authorities have been dealing with a string of kidnappings and extortion attempts targeting the families of wealthy individuals dealing in cryptocurrencies.

In January 2025, kidnappers seized French crypto boss David Balland and his partner. Balland co-founded a crypto firm called Ledger, valued at the time at more than $1 billion.

Balland’s kidnappers cut off his finger and demanded a hefty ransom. He was freed the next day, and his girlfriend was found tied up in the boot of a car outside Paris.

In May, the father of a man who ran a Malta-based cryptocurrency company was kidnapped by four hooded men in Paris. The victim, whose finger was also severed by the kidnappers and for whom a ransom of several million euros was demanded, was released 58 hours later in a raid by the security forces.