SoFi Taps Kraken Prime for Real-Time Settlement in Crypto Trades

A partnership between Payward and SoFi is set to bring real-time settlement capabilities to cryptocurrency trades through Kraken Prime. The deal, announced for September 3rd, 2026, will see SoFi route its retail crypto order flow through Kraken Prime's smart order routing system.

The integration aims to provide SoFi members with seamless and efficient access to digital assets. With this partnership, customers buying or selling cryptocurrencies through the SoFi app will have their orders executed through Kraken Prime, rather than filling trades against a single order book.

Paying customers can use SoFi's bank-issued stablecoin, SoFiUSD, which is redeemable on a one-to-one basis for U.S. dollars. The partnership also enables 24/7 settlement of U.S. dollars beyond traditional banking hours through the SoFi Exchange Network (SEN).