SoFi Stock Up 36% — May Rise On Crypto, Student Loan Policy Boosts https://t.co/qxfgde2AZE
SoFi Stock Jumps As Fintech Firm Expands Private Market Offerings For Members https://t.co/Ph90vzZ95m
[THE BLOCK] SoFi adds investment opportunities for pre-IPO firms such as OpenAI, SpaceX, Epic Games
SoFi Technologies is re-entering the cryptocurrency market by reintroducing crypto spot trading, including Bitcoin, Ethereum, and Solana, following regulatory clarity under the Trump administration. The fintech company is also launching blockchain-based global remittances, which will enable members to send money internationally with faster, cheaper transactions and real-time transparency on fees and foreign exchange rates. In addition to its crypto initiatives, SoFi is expanding access to private market investments through new funds from Cashmere, Fundrise, and Liberty Street Advisors. This expansion allows retail investors to gain exposure to private companies such as OpenAI, SpaceX, and Epic Games with minimum investments starting at $10. These developments have contributed to a 36% increase in SoFi's stock price. Barclays has maintained an 'Equalweight' rating on SoFi while raising its price target from $12.00 to $18.00, reflecting optimism about the company's growth prospects driven by its crypto and private market offerings as well as favorable student loan policy changes.