CoinScoopSoFi and Kraken Partner to Bridge Traditional Banking and Crypto Infrastructure
Digital bank SoFi and crypto exchange Kraken have announced a strategic partnership. Kraken's parent company, Payward, will join SoFi's 24/7 USD settlement network (SEN) to facilitate institutional liquidity management. Additionally, Kraken has listed SoFi's bank-issued stablecoin, SoFiUSD, while SoFi has integrated Kraken Prime to enhance its platform's crypto liquidity. The collaboration may expand into payments, treasury, and lending services.
Summaries are written by AI from the original article. Not investment advice.