Current outcome
SoFi and Kraken announce a partnership where Kraken parent Payward lists SoFiUSD, connects to SoFi's 24/7 settlement network, and provides digital asset liquidity via Kraken Prime, signaling convergence between banking and crypto services.
Progress timeline
2 material updates- #01
SoFi, Kraken tie up as crypto and banking push into each other's turf
SoFi and Kraken announce a partnership, signaling increasing convergence between traditional banking and cryptocurrency services.
Source evidence: CoinDesk
- #02
Kraken parent Payward partners with SoFi on stablecoin, 24/7 settlement
Kraken parent Payward partners with SoFi to list SoFiUSD, connect to SoFi's 24/7 settlement network, and provide digital asset liquidity via Kraken Prime.
State after update: SoFi and Kraken announce a partnership where Kraken parent Payward lists SoFiUSD, connects to SoFi's 24/7 settlement network, and provides digital asset liquidity via Kraken Prime, signaling convergence between banking and crypto services.
Source evidence: Cointelegraph · blockhead.co