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Sunday, October 18, 2026 · UTC
Crypto

SoFi and Payward Forge Partnership to Connect Banking and Digital Asset Markets

SoFi and Payward (Kraken's parent) announced a partnership linking banking services with crypto trading, including the SoFiUSD stablecoin listing.

TruthFoundry News Desk
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Stands on 8 placed sources from 2 publishers.
As of 2026-09-03 15:40 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
On 2026-09-03, SoFi and Payward, the parent company of cryptocurrency exchange Kraken, announced a partnership in which Payward will leverage SoFi's 'Big Business Banking' capabilities, join SoFi's Exchange Network (SEN), and list the SoFiUSD stablecoin on its multi-asset trading platform. [1][2][5] Payward Co-CEO David Ripley said that money and markets are converging into a new financial paradigm and that collaborating with SoFi lets them close the gap, with millions of people expected to buy their first cryptoasset inside an app they already use for their paycheck. [3] SoFi said it will use Payward's Kraken Prime brokerage solution as an additional source of digital asset liquidity, with qualified custody capabilities available as the relationship grows. [4][7] Payward will join the SoFi Exchange Network, known as SEN, allowing Kraken's institutional clients to clear and settle U.S. dollar transactions at any time, including outside conventional banking hours. [6] SoFi president Kathleen Pierce-Gilmore, a former Visa executive, said in an interview with PYMNTS CEO Karen Webster that her strategy is to serve as the 'AWS of financial solutions,' providing account, payments, lending, money-movement, and fraud/dispute infrastructure to banks, credit unions, and software platforms. [8]
Proof8 sources · 2 publishers
What this stands on
  1. On 2026-09-03, SoFi and Payward, the parent company of cryptocurrency exchange Kraken, announced a partnership in which Payward will leverage SoFi's 'Big Business Banking' capabilities, join SoFi's Exchange Network (SEN), and list the SoFiUSD stablecoin on its multi-asset trading platform. · PYMNTS.com
  2. SoFi Technologies and Kraken parent Payward announced on Thursday that the companies will connect the crypto exchange to SoFi's dollar settlement network and add SoFi's stablecoin to Kraken. · Decrypt
  3. Payward Co-CEO David Ripley said that money and markets are converging into a new financial paradigm and that collaborating with SoFi lets them close the gap, with millions of people expected to buy their first cryptoasset inside an app they already use for their paycheck. · PYMNTS.com
  4. SoFi said it will use Payward's Kraken Prime brokerage solution as an additional source of digital asset liquidity, with qualified custody capabilities available as the relationship grows. · PYMNTS.com
  5. As part of the deal, Kraken will list SoFi's stablecoin SoFiUSD for retail, professional, and institutional customers. · Decrypt
  6. Payward will join the SoFi Exchange Network, known as SEN, allowing Kraken's institutional clients to clear and settle U.S. dollar transactions at any time, including outside conventional banking hours. · Decrypt
  7. SoFi will use Kraken Prime as an additional source of liquidity for crypto trades placed through the SoFi app. · Decrypt
  8. SoFi president Kathleen Pierce-Gilmore, a former Visa executive, said in an interview with PYMNTS CEO Karen Webster that her strategy is to serve as the 'AWS of financial solutions,' providing account, payments, lending, money-movement, and fraud/dispute infrastructure to banks, credit unions, and software platforms. · PYMNTS.com
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