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SoFi Teams with Kraken Parent for Banking-Crypto Infrastructure Linkup

Guavy AI Editorial Team
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SoFi and Payward, parent company of Kraken, have announced a partnership that brings together banking and crypto infrastructure. This collaboration will give Kraken customers access to SoFiUSD and its 24/7 dollar settlement network.

Under the agreement, SoFi will route member crypto orders through Kraken Prime for liquidity. Meanwhile, Payward will join SoFi's Exchange Network and gain access to SoFi's business banking services.

This deal is expected to advance institutional adoption and CEX-bank on-ramps for token settlement. The partnership aims to bring closer together the worlds of crypto trading and traditional banking.

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