- SoFi now supports XRP deposits alongside major assets, integrating it into a regulated OCC-backed banking platform.
- Users can manage multiple cryptocurrencies in one app, though withdrawals to external wallets remain restricted.
- Institutional interest in XRPL rises, with tokenized value growth and engagement from major financial firms.
SoFi Technologies confirmed on April 21 that it now supports XRP deposits, expanding crypto access for U.S. retail users. The update places XRP within a nationally chartered bank platform regulated by the OCC. The move allows users to deposit XRP alongside bitcoin, ethereum, and solana, integrating the asset into a regulated financial environment.
Crypto Deposit Options Expand Across Networks
Notably, SoFi said users can now deposit 12 cryptocurrencies into its crypto accounts. These include bitcoin, ethereum, USD Coin, chainlink, and XRP. The platform supports transfers across major blockchain networks, including Bitcoin, Ethereum, Solana, and the XRP Ledger.
However, the company maintains restrictions on withdrawals to external wallets. Users can still manage holdings within a single application, covering trading and portfolio tracking. Additionally, SoFi offers trading access to 27 cryptocurrencies, including dogecoin, cardano, avalanche, and stellar.
This broader support shows a multi-asset approach within one retail-focused platform. Meanwhile, SoFi highlighted portfolio management as a central feature tied to its crypto infrastructure.
Ripple Notes Access as Adoption Grows
Ripple acknowledged the update on April 21, linking it to wider participation in digital asset markets. The firm stated that increased access allows more users to engage with XRP. This aligns with ongoing efforts to expand availability through financial platforms.
At the same time, reactions among users remain mixed. Some questioned whether deposits represent direct ownership, citing reliance on the institution. Others pointed to growing adoption as a sign of demand for XRP access.
Institutional Activity Builds Around XRPL
Separately, institutional interest in the XRP Ledger continues to rise. During the Digital Assets Forum 2026 in London, Odelia Torteman confirmed engagement from major firms. These include BlackRock, Mastercard, and Franklin Templeton.
Data shows tokenized value on the network reached about $2.5 billion, up from $1.5 billion. Growth followed a sharp increase in real-world asset activity. XRPL also processes transactions within seconds at low cost, supporting its use in payments and settlement.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP Spot ETF Records $2.41M Net Inflows in Single Day; Bitwise XRP ETF Leads
Gate News message, April 23 — According to SoSoValue, XRP spot ETFs recorded net inflows of $2.41 million yesterday (April 22 ET). Bitwise XRP ETF (XRP) accounted for the entire daily inflow, bringing its historical cumulative net inflows to $419 million.
As of press time, total assets under
GateNews2h ago
LOBSTR Wallet Integrates XRP Ledger Support, Unlocking Access for 1.3M+ Users
Abstract: The article surveys XRPL ecosystem expansion, highlighting wallet integrations (LOBSTR with XRPL Commons; Exodus custody tools) and rising institutional interest from Mastercard, BlackRock, and Franklin Templeton as XRPL real-world asset activity grows toward a multi-billion-dollar valuation, underpinned by fast settlement and low fees.
Summary: LOBSTR adds XRP Ledger support via XRPL Commons; Exodus expands XRP/RLUSD custody tools. Mastercard, BlackRock, and Franklin Templeton monitor XRPL as RWA activity climbs toward $2.5B, enabling fast, low-cost settlements.
GateNews7h ago
XRP Price Near $1.45 as ETF Inflows Build Pressure
Key Insights
Institutional XRP ETF inflows reached $41.6 million over four days, lifting assets under management above $1.08 billion and strengthening market confidence.
XRP faces strong resistance near $1.45, where CoinGlass data highlights a short max
CryptoNewsLand9h ago
XRP Expands to Solana as wXRP Drives DeFi Access
Key Insights
Wrapped XRP on Solana surpasses 834,000 tokens, enabling new DeFi access while strengthening cross-chain liquidity and expanding XRP utility beyond its native ledger.
Ethereum and Solana dominate DeFi activity, while XRP Ledger trails significantly, driving the need for
CryptoNewsLand9h ago
XRP Breakout Holds as XRPL Lending Vote Gains Momentum
XRP shows weekly strength, trading above EMAs after breaking from a descending wedge; XRPL advances XLS-65/66 lending upgrades with pooled vaults and fixed-term loans; derivatives rise in volume, open interest, and options activity.
Abstract: This report notes XRP's persistent weekly momentum and price strength above key moving averages following a breakout from a descending wedge. It covers XRPL validators voting on XLS-65 and XLS-66, enabling native lending, pooled liquidity vaults, and fixed-term loans to expand on-chain financial activity. It also reports rising derivatives participation, with higher trading volume, open interest, and a surge in options activity, suggesting increasing trader positioning for a continued breakout.
CryptoNewsLand10h ago
XRP Breakout Holds as XRPL Lending Vote Gains Momentum
XRP shows weekly strength, trading above EMAs after breaking from a descending wedge; XRPL advances XLS-65/66 lending upgrades with pooled vaults and fixed-term loans; derivatives rise in volume, open interest, and options activity.
Abstract: This report notes XRP's persistent weekly momentum and price strength above key moving averages following a breakout from a descending wedge. It covers XRPL validators voting on XLS-65 and XLS-66, enabling native lending, pooled liquidity vaults, and fixed-term loans to expand on-chain financial activity. It also reports rising derivatives participation, with higher trading volume, open interest, and a surge in options activity, suggesting increasing trader positioning for a continued breakout.
CryptoNewsLand10h ago
