SoFi Expands Stablecoin Reach Through Strategic Partnership With Payward

SoFi Technologies Inc. has announced a strategic partnership with Payward to enhance its digital asset liquidity, banking capabilities, and payments infrastructure.

The collaboration integrates Payward into SoFi's Exchange Network (SEN) and expands SoFi's corporate banking services. Additionally, Payward listed SoFi's U.S. dollar payment stablecoin, SoFiUSD, on its multi-asset trading platform, Kraken.

Through access to the SoFi Exchange Network, Payward's institutional clients can now utilize real-time settlement rails to execute U.S. dollar transactions and manage liquidity at any hour. In return, SoFi is tapping into Kraken Prime, Payward's prime brokerage platform, to source additional digital asset liquidity and enhance crypto-trading rates for its members.