SoFi Partners with Kraken: Kraken Joins SoFi Settlement Network and Lists SoFiUSD

BlockBeats News, September 3rd, Digital bank SoFi reached an agreement with the cryptocurrency exchange Kraken to onboard each other's financial infrastructure. Kraken's parent company Payward will join the SoFi Exchange Network (SEN), enabling Kraken's institutional clients to transfer dollars and manage liquidity around the clock without waiting for traditional banking hours; at the same time, Kraken will list the stablecoin SoFiUSD issued by SoFi Bank. As part of the exchange, SoFi will use Kraken Prime as an additional liquidity source for its client's crypto transactions.