SoFi and Payward integrate banking settlement network with Kraken's digital-asset infrastructure.
Ecosystem ·
SoFi Technologies and Payward have agreed to connect SoFi's banking settlement network with Kraken's digital-asset infrastructure. The integration aims to bridge traditional banking settlement capabilities with cryptocurrency trading and custody systems, enabling participants to move between both networks.
The partnership links a regulated banking rail with an established digital-asset platform. SoFi's settlement network can now route transactions to and from Kraken's infrastructure, potentially streamlining on- and off-ramp processes for institutional or retail users who need both banking and crypto services.
Details remain limited on the integration timeline, transaction volumes expected, fee structures, and whether the connection will be available to SoFi customers broadly or limited to specific user segments. No statements from either party clarifying commercial or technical terms have been provided.