Kraken's Parent Company Partners with SoFi to Integrate SoFiUSD and Expand Dollar Settlement Network

Payward, the parent company of cryptocurrency exchange Kraken, has formed a partnership with SoFi to integrate the SoFiUSD stablecoin onto the Kraken platform. This collaboration aims to connect Kraken users with SoFi's 24/7 dollar settlement network, enhancing transaction speed and liquidity.

According to CoinTelegraph, this deal also allows SoFi to access digital asset liquidity through Kraken Prime, Payward’s institutional-grade trading platform. The integration of SoFiUSD into Kraken’s ecosystem represents a significant step toward bridging traditional finance and digital assets.

For Japanese investors, who increasingly navigate both FX and crypto markets, such developments highlight the growing global infrastructure supporting stablecoins and around-the-clock settlement, potentially influencing liquidity and trading efficiency in the region.