SoFi, the US online bank with more than 15 million members, now offers buy, sell and hold functionality for $PENGU, the native token of @pudgypenguins. The listing puts a token that grew out
SoFi, the US online bank with more than 15 million members, now offers buy, sell and hold functionality for $PENGU, the native token of @pudgypenguins. The listing puts a token that grew out of an NFT collection inside a nationally chartered bank's app.
SoFi added the PENGU token to its trading platform on October 19, 2026.SoFi, which operates as SoFi Bank, N.A., now lets its users buy, sell and hold PENGU directly through its banking app.The token rose 8.9% the next day, according to Crypto Briefing.
SoFi's crypto service is relatively new. The digital bank began allowing customers to buy, sell and hold crypto in 2019, but it shuttered the service in late 2023 amid its pursuit of a national banking license, Banking Dive reported. It relaunched the service after CEO Anthony Noto promised in April 2025 to bring crypto trading back for retail customers, and SoFi said it was the first nationally chartered bank to offer it.
The relaunch gave members access to major assets. Customers can access more than 25 cryptocurrencies, including Bitcoin, Ethereum and Solana, according to Yahoo Finance. PENGU now joins that lineup. The listing pushes the token beyond the usual crypto exchanges and into a regulated banking environment.PENGU launched on Solana.
For holders, the main change is distribution. SoFi members can trade crypto directly using funds in their SoFi Checking and Savings accounts, which removes the need to move money to a separate exchange.
Pudgy Penguins started as an NFT collection of digital collectible images of chubby penguins and has since grown into a broader brand. Few NFT franchises have kept their momentum as the sector contracted, and a listing at a US bank is a sign of how far the project has moved from its collectible roots. The official Pudgy Penguins account on X said the move "marks another step toward bringing PENGU to everyone, everywhere."
Price action remains mixed. PENGU traded at $0.007468, below its 20-day moving average of $0.008383, while declining open interest pointed to reduced derivatives positioning, per Tron Weekly. A bank listing widens access, but it does not guarantee sustained demand. As with all digital assets, buyers should be aware of the risk of loss.
Crypto Briefing: SoFi adds PENGU token to its banking app
