SoFi has partnered with Payward, parent company of cryptocurrency exchange Kraken, to connect banking services with digital asset markets, the companies said in a Thursday (Sept. 3) news release.
Under the agreement, Payward will use SoFi's "Big Business Banking" capabilities and join the SoFi Exchange Network (SEN). Payward will also list the SoFiUSD stablecoin on its multi-asset trading platform.
- Payward gains access to SoFi's Big Business Banking capabilities
- Payward joins the SoFi Exchange Network (SEN)
- SoFiUSD stablecoin will be listed on Payward's trading platform
- SoFi will use Payward's Kraken Prime brokerage solution as an additional source of digital asset liquidity
- Qualified custody capabilities will be available as the relationship develops
