Bollcoin, October 22 — According to The Block, U.S. fintech company SoFi Technologies has launched SoFi Earn (SOFIE), an interest-bearing tokenized deposit product for individual customers, offering a 4.4% annual percentage yield and protected by Federal Deposit Insurance Corporation (FDIC) deposit insurance within applicable limits. SoFi says this is the first time a nationwide U.S. bank has offered a tokenized deposit product to individual customers. Each SOFIE token corresponds to $1 of deposits held at SoFi Bank; users can access the product through SoFi Crypto and convert SOFIE 1:1 into the SoFiUSD stablecoin for purchasing crypto or transferring to supported external wallets.