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SoFi Links Banking Network and Stablecoin to Kraken in New Deal

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Decrypt Editorial
(03:40 PM UTC)
1 min read
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Verified bySarah Chen

In brief

  • Payward will connect Kraken to the SoFi Exchange Network.
  • Kraken will list SoFiUSD for retail and institutional customers.
  • SoFi will use Kraken Prime as another source of crypto liquidity.

SoFi Technologies and Kraken parent Payward announced Thursday that the companies will connect the crypto exchange to SoFi’s dollar settlement network and add SoFi’s stablecoin to Kraken.

Payward will…

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