SoFi and Kraken Partner to Integrate Banking and Crypto Infrastructure

SoFi and Kraken are collaborating to bridge traditional banking and digital asset markets. Kraken's parent company, Payward, will join the SoFi Exchange Network (SEN) to provide institutional clients with 24/7 U.S. dollar settlement. Additionally, Kraken will list SoFiUSD, a bank-issued stablecoin recently launched by SoFi Technologies.