SoFi Opens Banking Rails to Kraken in Sweeping Crypto Alliance

SoFi Technologies, Inc. and Payward, the parent company of Kraken, have announced a strategic partnership to improve digital asset payments and liquidity. Through this alliance, Kraken gains access to SoFi's round-the-clock dollar settlement banking network to accelerate money movement. Additionally, Kraken will list SoFiUSD, while Kraken Prime will execute trades for SoFi's cryptocurrency customers. This collaboration aims to enhance overall banking experiences and streamline the integration of stablecoins within the existing financial infrastructure.