SoFi and Kraken Forge $15.8M-User Crypto Push With Stablecoin and 24/7 Settlement

Key Takeaways:

• Kraken institutional clients will have access to 24/7 settlement in USD via Payward’s integration with SoFi’s Exchange Network.
• SoFiUSD is going to be traded on Kraken, the world’s leading digital asset exchange, for SoFi’s bank-issued stablecoin.
• Kraken Prime will become another source of liquidity available to crypto traders in the SoFi app.

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SoFi and Payward, the company behind Kraken, have entered a strategic partnership aimed at connecting banking infrastructure with digital asset markets. The agreement brings together SoFi’s payment and settlement network with Payward’s crypto trading and institutional infrastructure.

We’re proud to join @SoFi in bringing banking and crypto markets closer together.

Through the partnership:
→ Payward joins the SoFi Exchange Network
→ SoFiUSD is coming to @KrakenFX
→ SoFi will route member crypto orders through @KrakenPrimeHQ

One infrastructure layer,… pic.twitter.com/aXVSxZEnG6

— Payward (@Payward) September 3, 2026

As part of the deal, Payward will join the SoFi Exchange Network (SEN), SoFi’s real-time settlement network. Eligible institutional clients will be able to use the network to clear and settle U.S. dollar transactions 24 hours a day, seven days a week.

One of the primary differences between conventional finance and crypto is that-crypto markets are open for business 24/7, and the connection is intended to bridge that gap.

Institutional users of Kraken will be able to move USD and operate liquidity outside banking hours with SEN. Payward will also benefit from SoFi’s Big Business Banking when they continue adding to their financial infrastructure relationship.

Read More: SoFi Introduces SoFiUSD – the First Bank-Issued Crypto Dollar

The partnership will also bring SoFiUSD to Kraken, giving the stablecoin exposure to Kraken’s retail, professional and institutional customer base.

SoFiUSD is a dollar-backed stablecoin issued by SoFi and designed to maintain a 1:1 value with the U.S. dollar. The asset is a mix of both blockchain transfer capabilities and a regulated banking institutions infrastructure.

Adding SoFiUSD to the Kraken exchange creates an instant connection into a major digital asset exchange. This may be easier for users to access than if the token were restricted to the SoFi ecosystem.

The move is also thought to signal the increasing function of stablecoins as a link between classical cash and the crypto exchanges. Instead of just being used as trading instruments, dollar-linked tokens are transforming the payments, settlement and liquidity systems.

By leasing into Kraken Prime, SoFi will leverage the added liquidity of cryptos in its application for P2P transactions with users.

SoFi already has an in-platform exchange for its users to purchase and sell crypto. Kraken Prime will become yet another avenue for liquidity behind the transactions and the companies hope the move will help them achieve better competitiveness in pricing and execution capabilities.

At certain points, along with the relationship’s progression, qualified custody services might be incorporated. The partnership provides both the companies with a wider scope of engaging traditional finance and crypto.

SoFi provides the banking, payments and dollar settlement infrastructure, Payward provides the exchange liquidity and prime brokerage and digital asset market access.

The deal brings together a huge consumer financial platform and institutional-level crypto lacks.SoFi has 15.8 million members, offering a big connection between consumer financial and classy infrastructure.

Read More: Kraken Unlocks 7,000+ US Stocks for EEA Users, Bringing Crypto and Equities Together

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