Kraken, SoFi Link Up on Stablecoin and 24/7 Settlement
The partnership gives SoFi customers access to Kraken Prime liquidity and puts SoFiUSD in front of Kraken’s retail, professional and institutional clients.
- On Thursday, SoFi and Kraken announced a partnership integrating their financial infrastructure, with Payward joining the SoFi Exchange Network to enable institutional clients to move dollars around the clock.
- The tie-up fits a broader industry race where crypto exchanges expand into traditional finance services while fintech firms simultaneously adopt digital assets, stablecoins, and blockchain-based settlement systems.
- Kraken now lists SoFiUSD, SoFi's bank-issued stablecoin, for retail and institutional customers; SoFi will use Kraken Prime as an additional liquidity source for crypto trades made by its customers.
- Both companies indicated the relationship could eventually expand into payments, treasury, lending, and other digital-asset services, with CEO David Ripley noting the infrastructure should connect users to deep, liquid markets.
- SoFi CEO Anthony Noto stated, "The financial system should not shut down when markets stay open," emphasizing the collaboration's goal to remove delays inherent in traditional banking infrastructure.
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15 Articles
SoFi and Kraken Tie Banking Rails to Bank-Issued Stablecoin
SoFi and Kraken's parent Payward announced a strategic partnership linking SoFi's banking network, SEN settlement rails, and bank-issued SoFiUSD stablecoin to Kraken's trading platform and Prime brokerage. The deal gives Kraken users access to the regulated stablecoin while routing SoFi crypto orders for better execution and offering institutions 24/7 real-time USD settlement. It extends SoFi's push to merge traditional banking with blockchain i…
SoFi, Kraken tie up as crypto and banking push into each other's turf
SoFi and Payward Partner to Link Banking and Digital Asset Markets | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
On Thursday, SoFi Technologies and Payward announced a strategic partnership designed to connect banking, payments, liquidity and digital asset markets. Under the partnership, Payward, the infrastructure platform behind Kraken, will join the SoFi Exchange Network and list SoFiUSD, SoFi’s bank-issued stablecoin, on its multi-asset trading platform. SoFi will also use Kraken Prime, Payward’s prime brokerage... The post SoFi and Payward Partner to…
Kraken And SoFi Link Crypto Trading To Banking Rails
Payward, the parent company of crypto exchange Kraken, and fintech company SoFi Technologies on Thursday announced a deal to route SoFi customers’ crypto orders through Kraken’s institutional trading platform and list SoFi’s stablecoin on the exchange. Under the agreement, SoFi will send its digital asset order flow to Kraken Prime, Kraken’s prime brokerage arm, which launched in 2025. Rather than filling trades against a single order book, Kra…
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