SOFI Teams Up with Payward for Banking-Crypto Bridge

SoFi Technologies Inc., listed on NASDAQ as SOFI, is making waves in the financial sector with its latest strategic partnership. The company announced a collaboration with Payward to connect SoFi's banking infrastructure with Kraken's digital asset markets.

The agreement allows Payward to join the SoFi Exchange Network and list SoFiUSD, SoFi's bank-issued stablecoin, on Kraken. This move expands access to the stablecoin for millions of retail, professional, and institutional clients.

SoFi members will also benefit from better pricing on crypto trades made through Kraken Prime's liquidity. The partnership is part of SoFi's Big Business Banking offering, launched in April to combine its enterprise banking and digital asset capabilities.