SoFi Ties Banking Rails to Kraken Crypto Markets in Major Partnership
SoFi Technologies and Payward have partnered to integrate their banking rails with Kraken's crypto markets. The deal, announced on September 3, 2026, will connect SoFi's SEN network to Kraken's institutional liquidity.
The partnership allows clients to clear USD at any time through the 24/7 settlement network. Payward will also list SoFiUSD, a bank-issued stablecoin, on Kraken's platform. This move is seen as a push by SoFi to expand its digital-asset services and compete with other stablecoin issuers.
The partnership builds on SoFi's Big Business Banking unit, launched in April, which pairs enterprise banking with digital-asset services. SoFi will use Kraken Prime as an additional source of digital asset liquidity, which means better pricing for its 15.8 million members on trades they already make.