SoFi Technologies and Payward, the parent company of Kraken, announced on September 3, 2026 a strategic partnership structured around three pillars: Payward’s integration into the SoFi Exchange Network (SEN), the listing of the SoFiUSD stablecoin on Kraken, and the use of Kraken Prime as the execution engine for SoFi’s 15.8 million customers’ orders. This alliance grants Payward’s institutional clients access to US dollar settlement 24 hours a day, 7 days a week, beyond traditional banking hours. The bank-issued stablecoin SoFiUSD, currently valued at approximately 313 million dollars, will benefit from exposure to Kraken’s diversified customer base.
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