SoFi and Payward Team Up to Connect Crypto Liquidity with Banking Infrastructure

SoFi Technologies has partnered with Payward, the parent company of cryptocurrency exchange Kraken, to connect its banking infrastructure with crypto liquidity and stablecoin markets. The partnership brings Payward onto SoFi's Exchange Network (SEN), giving institutional clients access to real-time USD settlement and adding Kraken Prime as a liquidity source for crypto trades made through SoFi.

Kraken will also list SoFiUSD, expanding the stablecoin to millions of retail, professional, and institutional users. The token is issued by SoFi Bank and redeemable one-to-one for U.S. dollars.

The partnership puts SoFi's broader 2026 digital asset strategy into use at scale. It addresses a practical mismatch in digital asset markets, where crypto trades continuously but banking infrastructure does not always operate on the same schedule. This affects how quickly capital can be redeployed when volatility rises.