SoFi joined Digital Asset’s $355 million funding round alongside a16z crypto, HSBC and Citadel Securities to support Canton’s institutional blockchain infrastructure. SoFi shares have declined 42% over the past six months due to high interest rates, profitability pressure and elevated valuation multiples.
SoFi participated in Digital Asset’s $355 million funding round alongside a16z crypto, HSBC, Citadel Securities and other financial institutions to bolster Canton’s onchain infrastructure for regulated markets. Canton aims to combine privacy, compliance and interoperability to facilitate tokenization, settlement and collateral mobility within existing financial systems.
SoFi shares have fallen 42% over the last six months, reflecting challenges from higher interest rates compressing net interest margins, persistent profitability concerns and a stretched valuation relative to peers. The decline underscores investor skepticism about SoFi’s ability to sustain growth under tougher funding conditions and elevated costs.
As SoFi deepens its blockchain partnerships, key questions remain about the timing of profitable scaling and cost management. Future performance will hinge on fee income growth from new products and the broader industry’s appetite for tokenized financial workflows.
