In a major development for institutional crypto infrastructure, Payward—the parent company of the Kraken exchange—has announced a collaborative agreement with fintech leader SoFi. The move is designed to integrate the SoFiUSD stablecoin directly into the Kraken ecosystem.
This partnership centers on the utilization of SoFi’s proprietary 24/7 dollar settlement network. By leveraging this infrastructure, Kraken users will gain access to more efficient, round-the-clock liquidity and settlement processes, significantly reducing the traditional downtime associated with banking hours.
Furthermore, the arrangement provides SoFi with enhanced access to deep digital asset liquidity via Kraken Prime. This synergy aims to bridge the gap between traditional retail banking services and the high-speed requirements of the modern cryptocurrency markets.
Both firms view this collaboration as a critical step in normalizing stablecoin usage within broader financial applications, promising a more seamless bridge between fiat currency and decentralized digital assets.
