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CoinDesk
SoFi, Kraken link up to bridge banking, stablecoin and crypto trading
WHAT HAPPENED
CoinDesk reports that SoFi and Kraken parent Payward announced a partnership under which Payward will join the SoFi Exchange Network, list SoFiUSD on Kraken and use SoFi business-banking services. SoFi will add Kraken Prime as a source of digital-asset liquidity, with qualified custody potentially available as the relationship expands. SoFi says the network lets institutional clients clear and settle U.S.-dollar transactions around the clock.
PUBLISHED September 3, 2026SOURCE CoinDeskLANE Web3 & stablecoin payments
KEY FIGURES
24 hours a day, 7 days a week
SEN operating schedule stated by SoFi
WHAT TO WATCH NEXT
Watch whether follow-up sources disclose named launch markets, supported currencies, live customers, and transaction volume. Also confirm the regulatory setup for the stablecoin, custody, and fiat on/off ramps.
Independent CoinDesk coverage corroborated by SoFi's September 3 partnership release. The announced integrations and intended 24/7 USD settlement access are attributable; activation, adoption, cross-border availability, volume, pricing and performance are not established.
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# SoFi, Kraken link up to bridge banking, stablecoin and crypto trading
> Evidence tier: B1
> Evidence type: Independent digital-asset media report corroborated by SoFi's primary partnership announcement
> Source: [CoinDesk](https://www.coindesk.com/business/2026/09/03/sofi-kraken-tie-up-as-crypto-and-banking-push-into-each-other-s-turf)
> Published: 2026-09-03
> Captured: 2026-09-03T12:37:44.880Z
## Source summary
CoinDesk reports that SoFi and Kraken parent Payward announced a partnership under which Payward will join the SoFi Exchange Network, list SoFiUSD on Kraken and use SoFi business-banking services. SoFi will add Kraken Prime as a source of digital-asset liquidity, with qualified custody potentially available as the relationship expands. SoFi says the network lets institutional clients clear and settle U.S.-dollar transactions around the clock.
## Why it matters
Connecting a regulated bank settlement network with a large digital-asset platform could reduce after-hours USD liquidity friction and create a bridge between fiat settlement and a bank-issued stablecoin. The agreement is forward-looking: the sources provide no exact activation date, eligible client list, fees, settlement-time benchmark, transaction volume or proof that cross-border settlement is already live. SoFi describes movement across borders as a longer-term direction, not current availability.
## Key numbers
- **SEN operating schedule stated by SoFi:** 24 hours a day, 7 days a week
## Topics and entities
- Industry lane: Web3 & stablecoin payments
- Entities: SoFi / Payward (Kraken)
- Web3 payments
- Payment infrastructure
## Evidence and credibility note
Independent CoinDesk coverage corroborated by SoFi's September 3 partnership release. The announced integrations and intended 24/7 USD settlement access are attributable; activation, adoption, cross-border availability, volume, pricing and performance are not established.
Date evidence: CoinDesk JSON-LD and SoFi's primary investor release dated September 3, 2026
## First-party corroboration
- [https://investors.sofi.com/news/news-details/2026/SoFi-and-Payward-Partner-to-Connect-Banking-and-Digital-Asset-Markets/default.aspx](/en/items/https://investors.sofi.com/news/news-details/2026/SoFi-and-Payward-Partner-to-Connect-Banking-and-Digital-Asset-Markets/default.aspx)
## Original-source traceback
[Open the original CoinDesk report](https://www.coindesk.com/business/2026/09/03/sofi-kraken-tie-up-as-crypto-and-banking-push-into-each-other-s-turf)
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