SoFi, Payward Team up to Connect Banking and Crypto Markets — Stock Trending

SoFi Technologies Inc. (NASDAQ: SOFI ) is trending after the company announced a strategic partnership with Payward on Thursday, connecting SoFi’s banking infrastructure with Kraken’s digital asset markets. Shares traded higher on the news on Thursday. SoFiUSD to List on Kraken Under the agreement, Payward will join the SoFi Exchange Network and list SoFiUSD, SoFi’s bank-issued stablecoin, on Kraken, its multi-asset trading platform. SoFi will also use Kraken Prime, Payward’s prime brokerage solution, as an additional source of digital asset liquidity for trades made by SoFi members within its app. By joining SEN, SoFi’s real-time settlement network, Kraken’s institutional clients gain the ability to clear and settle U.S. dollar transactions around the clock, extending settlement be...