SoFi Technologies is partnering with Payward to deepen connections between traditional banking infrastructure and digital asset markets, including through Kraken, Payward’s crypto platform.
Under the deal, Payward will join SoFi’s Exchange Network and use its real-time settlement rails for 24/7 US dollar transactions. Kraken institutional clients will gain access to the same settlement infrastructure, allowing them to move dollars and manage liquidity beyond traditional banking hours.
SoFi will add Kraken Prime as a source of digital asset liquidity for its in-app crypto trading service. The prime brokerage platform will provide additional liquidity and potentially improve execution pricing for SoFi members.
Payward will also list SoFiUSD on Kraken, giving retail, professional and institutional clients access to the bank-issued stablecoin.
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