Key facts SoFi Technologies and Payward, the parent company of crypto exchange Kraken, announced a strategic partnership. The deal ties the fintech's banking rails to the exchange's trading infrastructure. Each side gains access to the other's core systems. SoFi is a nationally chartered US bank with 15.8 million members, and the deal deepens its move into digital assets. The tie-up reflects a wider trend, as crypto exchanges expand into payments and banking while banks and fintechs add crypto and stablecoin services. In this deal, Kraken gains bank-grade dollar rails, and SoFi gains a deeper pool of crypto liquidity for its customers.
Kraken joins SoFi's round-the-clock dollar settlement networkPayward will join the SoFi Exchange Network (SEN), SoFi's real-time dollar settlement system. SEN currently serves SoFi's enterprise banking clients, and the deal extends it to Kraken's institutional customers. The move lets those clients clear and settle US dollar transactions 24 hours a day, seven days a week. They no longer need to wait for traditional banking hours to move money or manage liquidity across both networks.
"The financial system should not shut down when markets stay open", 3 September 2026.
— Anthony Noto, CEO, SoFi
Kraken will list SoFi's bank-issued stablecoinKraken will list SoFiUSD, SoFi's bank-issued stablecoin, on its trading platform. SoFiUSD is the first stablecoin issued by a US national bank, and it is redeemable one-to-one for US dollars. SoFi Bank holds reserves to back the tokens in circulation. The company designed the token to pair blockchain technology with the safeguards of a regulated institution. The listing places SoFiUSD in front of Kraken's retail, professional and institutional customers, widening access beyond SoFi's own app.
SoFi taps Kraken Prime for crypto trade liquiditySoFi will use Kraken Prime, Payward's prime brokerage, as an additional source of digital-asset liquidity for crypto trades made inside the SoFi app. Kraken Prime launched in 2025 and combines trading and custody in one platform. Kraken says Prime provides access to liquidity across more than 20 global trading venues. Millions of SoFi members already buy and sell crypto in the app. Routing that flow through a prime brokerage is meant to improve pricing on trades they already make. Qualified custody capabilities are set to follow as the relationship grows.
"Millions of people will buy their first cryptoasset inside the app they already use for their paycheck, and the infrastructure behind that experience should connect them to deep, liquid markets built to operate at scale", 3 September 2026.
— David Ripley, Co-CEO, Payward
USDC shows the scale of regulated stablecoinsSoFiUSD enters a stablecoin market already led by large dollar-backed tokens. USDC, a regulated dollar stablecoin, traded at about $1.00 with a market capitalization near $73.66 billion (CoinPaprika, 3 September 2026). USDC ranks among the largest cryptocurrencies by market value, with 24-hour trading volume near $14 billion (CoinPaprika, 3 September 2026). That scale shows the competition SoFi faces as it distributes its own token through a major exchange.
The partnership may expand into payments and lendingThe agreement builds on SoFi's broader push into digital assets. The company added crypto trading to its app, launched SoFiUSD on the Ethereum and Solana blockchains, and debuted Big Business Banking in April 2026. That platform lets companies hold dollars, convert them into SoFiUSD, and move funds around the clock within SoFi's regulated bank. The companies said the relationship could expand into payments, treasury and lending over time. SoFi has said it wants to use SoFiUSD for cross-border payments and business-to-business transactions over time.
Primary source: Source ↗ Payward will join the SoFi Exchange Network (SEN), SoFi's real-time dollar settlement system. SEN currently serves SoFi's enterprise banking clients, and the deal extends it to Kraken's institutional customers. The move lets those clients clear and settle US dollar transactions 24 hours a day, seven days a week. They no longer need to wait for traditional banking hours to move money or manage liquidity across both networks.
"The financial system should not shut down when markets stay open", 3 September 2026.
— Anthony Noto, CEO, SoFi
Kraken will list SoFi's bank-issued stablecoinKraken will list SoFiUSD, SoFi's bank-issued stablecoin, on its trading platform. SoFiUSD is the first stablecoin issued by a US national bank, and it is redeemable one-to-one for US dollars. SoFi Bank holds reserves to back the tokens in circulation. The company designed the token to pair blockchain technology with the safeguards of a regulated institution. The listing places SoFiUSD in front of Kraken's retail, professional and institutional customers, widening access beyond SoFi's own app.
SoFi taps Kraken Prime for crypto trade liquiditySoFi will use Kraken Prime, Payward's prime brokerage, as an additional source of digital-asset liquidity for crypto trades made inside the SoFi app. Kraken Prime launched in 2025 and combines trading and custody in one platform. Kraken says Prime provides access to liquidity across more than 20 global trading venues. Millions of SoFi members already buy and sell crypto in the app. Routing that flow through a prime brokerage is meant to improve pricing on trades they already make. Qualified custody capabilities are set to follow as the relationship grows.
"Millions of people will buy their first cryptoasset inside the app they already use for their paycheck, and the infrastructure behind that experience should connect them to deep, liquid markets built to operate at scale", 3 September 2026.
— David Ripley, Co-CEO, Payward
USDC shows the scale of regulated stablecoinsSoFiUSD enters a stablecoin market already led by large dollar-backed tokens. USDC, a regulated dollar stablecoin, traded at about $1.00 with a market capitalization near $73.66 billion (CoinPaprika, 3 September 2026). USDC ranks among the largest cryptocurrencies by market value, with 24-hour trading volume near $14 billion (CoinPaprika, 3 September 2026). That scale shows the competition SoFi faces as it distributes its own token through a major exchange.
The partnership may expand into payments and lendingThe agreement builds on SoFi's broader push into digital assets. The company added crypto trading to its app, launched SoFiUSD on the Ethereum and Solana blockchains, and debuted Big Business Banking in April 2026. That platform lets companies hold dollars, convert them into SoFiUSD, and move funds around the clock within SoFi's regulated bank. The companies said the relationship could expand into payments, treasury and lending over time. SoFi has said it wants to use SoFiUSD for cross-border payments and business-to-business transactions over time.
Primary source: Source ↗ "The financial system should not shut down when markets stay open", 3 September 2026.
— Anthony Noto, CEO, SoFi
Kraken will list SoFi's bank-issued stablecoinKraken will list SoFiUSD, SoFi's bank-issued stablecoin, on its trading platform. SoFiUSD is the first stablecoin issued by a US national bank, and it is redeemable one-to-one for US dollars. SoFi Bank holds reserves to back the tokens in circulation. The company designed the token to pair blockchain technology with the safeguards of a regulated institution. The listing places SoFiUSD in front of Kraken's retail, professional and institutional customers, widening access beyond SoFi's own app.
SoFi taps Kraken Prime for crypto trade liquiditySoFi will use Kraken Prime, Payward's prime brokerage, as an additional source of digital-asset liquidity for crypto trades made inside the SoFi app. Kraken Prime launched in 2025 and combines trading and custody in one platform. Kraken says Prime provides access to liquidity across more than 20 global trading venues. Millions of SoFi members already buy and sell crypto in the app. Routing that flow through a prime brokerage is meant to improve pricing on trades they already make. Qualified custody capabilities are set to follow as the relationship grows.
"Millions of people will buy their first cryptoasset inside the app they already use for their paycheck, and the infrastructure behind that experience should connect them to deep, liquid markets built to operate at scale", 3 September 2026.
— David Ripley, Co-CEO, Payward
USDC shows the scale of regulated stablecoinsSoFiUSD enters a stablecoin market already led by large dollar-backed tokens. USDC, a regulated dollar stablecoin, traded at about $1.00 with a market capitalization near $73.66 billion (CoinPaprika, 3 September 2026). USDC ranks among the largest cryptocurrencies by market value, with 24-hour trading volume near $14 billion (CoinPaprika, 3 September 2026). That scale shows the competition SoFi faces as it distributes its own token through a major exchange.
The partnership may expand into payments and lendingThe agreement builds on SoFi's broader push into digital assets. The company added crypto trading to its app, launched SoFiUSD on the Ethereum and Solana blockchains, and debuted Big Business Banking in April 2026. That platform lets companies hold dollars, convert them into SoFiUSD, and move funds around the clock within SoFi's regulated bank. The companies said the relationship could expand into payments, treasury and lending over time. SoFi has said it wants to use SoFiUSD for cross-border payments and business-to-business transactions over time.
Primary source: Source ↗ Kraken will list SoFi's bank-issued stablecoinKraken will list SoFiUSD, SoFi's bank-issued stablecoin, on its trading platform. SoFiUSD is the first stablecoin issued by a US national bank, and it is redeemable one-to-one for US dollars. SoFi Bank holds reserves to back the tokens in circulation. The company designed the token to pair blockchain technology with the safeguards of a regulated institution. The listing places SoFiUSD in front of Kraken's retail, professional and institutional customers, widening access beyond SoFi's own app.
SoFi taps Kraken Prime for crypto trade liquiditySoFi will use Kraken Prime, Payward's prime brokerage, as an additional source of digital-asset liquidity for crypto trades made inside the SoFi app. Kraken Prime launched in 2025 and combines trading and custody in one platform. Kraken says Prime provides access to liquidity across more than 20 global trading venues. Millions of SoFi members already buy and sell crypto in the app. Routing that flow through a prime brokerage is meant to improve pricing on trades they already make. Qualified custody capabilities are set to follow as the relationship grows.
"Millions of people will buy their first cryptoasset inside the app they already use for their paycheck, and the infrastructure behind that experience should connect them to deep, liquid markets built to operate at scale", 3 September 2026.
— David Ripley, Co-CEO, Payward
USDC shows the scale of regulated stablecoinsSoFiUSD enters a stablecoin market already led by large dollar-backed tokens. USDC, a regulated dollar stablecoin, traded at about $1.00 with a market capitalization near $73.66 billion (CoinPaprika, 3 September 2026). USDC ranks among the largest cryptocurrencies by market value, with 24-hour trading volume near $14 billion (CoinPaprika, 3 September 2026). That scale shows the competition SoFi faces as it distributes its own token through a major exchange.
The partnership may expand into payments and lendingThe agreement builds on SoFi's broader push into digital assets. The company added crypto trading to its app, launched SoFiUSD on the Ethereum and Solana blockchains, and debuted Big Business Banking in April 2026. That platform lets companies hold dollars, convert them into SoFiUSD, and move funds around the clock within SoFi's regulated bank. The companies said the relationship could expand into payments, treasury and lending over time. SoFi has said it wants to use SoFiUSD for cross-border payments and business-to-business transactions over time.
Primary source: Source ↗ Kraken will list SoFiUSD, SoFi's bank-issued stablecoin, on its trading platform. SoFiUSD is the first stablecoin issued by a US national bank, and it is redeemable one-to-one for US dollars. SoFi Bank holds reserves to back the tokens in circulation. The company designed the token to pair blockchain technology with the safeguards of a regulated institution. The listing places SoFiUSD in front of Kraken's retail, professional and institutional customers, widening access beyond SoFi's own app.
SoFi taps Kraken Prime for crypto trade liquiditySoFi will use Kraken Prime, Payward's prime brokerage, as an additional source of digital-asset liquidity for crypto trades made inside the SoFi app. Kraken Prime launched in 2025 and combines trading and custody in one platform. Kraken says Prime provides access to liquidity across more than 20 global trading venues. Millions of SoFi members already buy and sell crypto in the app. Routing that flow through a prime brokerage is meant to improve pricing on trades they already make. Qualified custody capabilities are set to follow as the relationship grows.
"Millions of people will buy their first cryptoasset inside the app they already use for their paycheck, and the infrastructure behind that experience should connect them to deep, liquid markets built to operate at scale", 3 September 2026.
— David Ripley, Co-CEO, Payward
USDC shows the scale of regulated stablecoinsSoFiUSD enters a stablecoin market already led by large dollar-backed tokens. USDC, a regulated dollar stablecoin, traded at about $1.00 with a market capitalization near $73.66 billion (CoinPaprika, 3 September 2026). USDC ranks among the largest cryptocurrencies by market value, with 24-hour trading volume near $14 billion (CoinPaprika, 3 September 2026). That scale shows the competition SoFi faces as it distributes its own token through a major exchange.
The partnership may expand into payments and lendingThe agreement builds on SoFi's broader push into digital assets. The company added crypto trading to its app, launched SoFiUSD on the Ethereum and Solana blockchains, and debuted Big Business Banking in April 2026. That platform lets companies hold dollars, convert them into SoFiUSD, and move funds around the clock within SoFi's regulated bank. The companies said the relationship could expand into payments, treasury and lending over time. SoFi has said it wants to use SoFiUSD for cross-border payments and business-to-business transactions over time.
Primary source: Source ↗ SoFi will use Kraken Prime, Payward's prime brokerage, as an additional source of digital-asset liquidity for crypto trades made inside the SoFi app. Kraken Prime launched in 2025 and combines trading and custody in one platform. Kraken says Prime provides access to liquidity across more than 20 global trading venues. Millions of SoFi members already buy and sell crypto in the app. Routing that flow through a prime brokerage is meant to improve pricing on trades they already make. Qualified custody capabilities are set to follow as the relationship grows.
"Millions of people will buy their first cryptoasset inside the app they already use for their paycheck, and the infrastructure behind that experience should connect them to deep, liquid markets built to operate at scale", 3 September 2026.
— David Ripley, Co-CEO, Payward
USDC shows the scale of regulated stablecoinsSoFiUSD enters a stablecoin market already led by large dollar-backed tokens. USDC, a regulated dollar stablecoin, traded at about $1.00 with a market capitalization near $73.66 billion (CoinPaprika, 3 September 2026). USDC ranks among the largest cryptocurrencies by market value, with 24-hour trading volume near $14 billion (CoinPaprika, 3 September 2026). That scale shows the competition SoFi faces as it distributes its own token through a major exchange.
The partnership may expand into payments and lendingThe agreement builds on SoFi's broader push into digital assets. The company added crypto trading to its app, launched SoFiUSD on the Ethereum and Solana blockchains, and debuted Big Business Banking in April 2026. That platform lets companies hold dollars, convert them into SoFiUSD, and move funds around the clock within SoFi's regulated bank. The companies said the relationship could expand into payments, treasury and lending over time. SoFi has said it wants to use SoFiUSD for cross-border payments and business-to-business transactions over time.
Primary source: Source ↗ "Millions of people will buy their first cryptoasset inside the app they already use for their paycheck, and the infrastructure behind that experience should connect them to deep, liquid markets built to operate at scale", 3 September 2026.
— David Ripley, Co-CEO, Payward
USDC shows the scale of regulated stablecoinsSoFiUSD enters a stablecoin market already led by large dollar-backed tokens. USDC, a regulated dollar stablecoin, traded at about $1.00 with a market capitalization near $73.66 billion (CoinPaprika, 3 September 2026). USDC ranks among the largest cryptocurrencies by market value, with 24-hour trading volume near $14 billion (CoinPaprika, 3 September 2026). That scale shows the competition SoFi faces as it distributes its own token through a major exchange.
The partnership may expand into payments and lendingThe agreement builds on SoFi's broader push into digital assets. The company added crypto trading to its app, launched SoFiUSD on the Ethereum and Solana blockchains, and debuted Big Business Banking in April 2026. That platform lets companies hold dollars, convert them into SoFiUSD, and move funds around the clock within SoFi's regulated bank. The companies said the relationship could expand into payments, treasury and lending over time. SoFi has said it wants to use SoFiUSD for cross-border payments and business-to-business transactions over time.
Primary source: Source ↗ USDC shows the scale of regulated stablecoinsSoFiUSD enters a stablecoin market already led by large dollar-backed tokens. USDC, a regulated dollar stablecoin, traded at about $1.00 with a market capitalization near $73.66 billion (CoinPaprika, 3 September 2026). USDC ranks among the largest cryptocurrencies by market value, with 24-hour trading volume near $14 billion (CoinPaprika, 3 September 2026). That scale shows the competition SoFi faces as it distributes its own token through a major exchange.
The partnership may expand into payments and lendingThe agreement builds on SoFi's broader push into digital assets. The company added crypto trading to its app, launched SoFiUSD on the Ethereum and Solana blockchains, and debuted Big Business Banking in April 2026. That platform lets companies hold dollars, convert them into SoFiUSD, and move funds around the clock within SoFi's regulated bank. The companies said the relationship could expand into payments, treasury and lending over time. SoFi has said it wants to use SoFiUSD for cross-border payments and business-to-business transactions over time.
Primary source: Source ↗ SoFiUSD enters a stablecoin market already led by large dollar-backed tokens. USDC, a regulated dollar stablecoin, traded at about $1.00 with a market capitalization near $73.66 billion (CoinPaprika, 3 September 2026). USDC ranks among the largest cryptocurrencies by market value, with 24-hour trading volume near $14 billion (CoinPaprika, 3 September 2026). That scale shows the competition SoFi faces as it distributes its own token through a major exchange.
The partnership may expand into payments and lendingThe agreement builds on SoFi's broader push into digital assets. The company added crypto trading to its app, launched SoFiUSD on the Ethereum and Solana blockchains, and debuted Big Business Banking in April 2026. That platform lets companies hold dollars, convert them into SoFiUSD, and move funds around the clock within SoFi's regulated bank. The companies said the relationship could expand into payments, treasury and lending over time. SoFi has said it wants to use SoFiUSD for cross-border payments and business-to-business transactions over time.
Primary source: Source ↗ The agreement builds on SoFi's broader push into digital assets. The company added crypto trading to its app, launched SoFiUSD on the Ethereum and Solana blockchains, and debuted Big Business Banking in April 2026. That platform lets companies hold dollars, convert them into SoFiUSD, and move funds around the clock within SoFi's regulated bank. The companies said the relationship could expand into payments, treasury and lending over time. SoFi has said it wants to use SoFiUSD for cross-border payments and business-to-business transactions over time.
Primary source: Source ↗ Primary source: Source ↗ Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment. All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions. Coinpaprika is not liable for any losses resulting from the use of this information.