Kraken Parent Payward Partners with SoFi on Stablecoin, 24/7 Settlement

Payward, the parent company of the cryptocurrency exchange Kraken, has entered into a partnership with financial technology firm SoFi. This collaboration aims to bring SoFiUSD, a stablecoin, to Kraken's platform, facilitating seamless digital asset transactions. Additionally, the partnership will connect Payward to SoFi’s 24/7 dollar settlement network, enabling round-the-clock settlement of USD transactions. The deal also grants SoFi access to liquidity in digital assets through Kraken Prime, Kraken's institutional trading platform. This integration is part of broader efforts to enhance the infrastructure for digital assets and bridge traditional finance with the crypto ecosystem.