SoFi-Kraken Partnership Bolsters SoFiUSD and Sets Stage for Fee-Generating Services
SoFi Technologies (SOFI) and Payward (parent of Kraken) have partnered to link SoFi's Big Business Banking and real-time SoFi Exchange Network with Kraken's trading infrastructure.
The partnership also adds the SoFiUSD stablecoin to Kraken's multi-asset platform, using Kraken Prime to deepen crypto liquidity for SoFi app users.
This tie-up connects Kraken's global digital-asset client base to SoFi's 24/7 US dollar settlement rails, potentially increasing SoFiUSD's usefulness and reinforcing SoFi's push to blend regulated banking with on-chain finance.