SoFi and Payward Announce SEN Partnership for Kraken Clients
SoFi Technologies and Payward form a partnership giving Kraken institutional clients 24/7 access to SoFi Exchange Network for USD settlement.
SoFi Technologies and Payward, the parent company of cryptocurrency exchange Kraken, announced a strategic partnership that links SoFi's banking and dollar-settlement infrastructure with Kraken's digital-asset trading and liquidity network.
Under the agreement, Payward joins the SoFi Exchange Network. Eligible Kraken institutional clients gain the ability to move and settle U.S. dollars around the clock.
The partnership permits mutual use of infrastructure. SoFi expands its cryptocurrency services while Kraken strengthens ties with traditional finance institutions.
Unknowns
Financial terms of the agreement were not disclosed. No information on trading volumes, client uptake, or rollout timeline has been released.