SoFi, Payward agree to link banking network with Kraken infrastructure

SoFi Technologies announced a partnership with Payward to integrate its banking settlement network with Kraken's digital-asset infrastructure. This collaboration aims to bridge traditional banking and cryptocurrency services, potentially expanding access to digital asset transactions for SoFi's customer base.

• SoFi Technologies' partnership with Payward to connect banking settlement network with Kraken's digital-asset infrastructure
• Potential expansion of digital asset transaction access for SoFi's customer base
• Integration of traditional banking and cryptocurrency services

This partnership may benefit SoFi Technologies (SOFI) by enhancing its fintech ecosystem with cryptocurrency infrastructure, potentially increasing user engagement and revenue streams. Kraken's exposure is indirect but could see indirect demand for its services through the linked network. The integration may also signal broader adoption of digital assets within traditional finance.