Payward and SoFi Partner to Route SoFiUSD Trades Through Kraken Prime for 24/7 Settlement

Kraken Prime Meets SoFi

The deal, announced for Sept 3, 2026, says SoFi will route its retail crypto order flow to Kraken Prime and list its bank-issued stablecoin SoFiUSD on Kraken, while Payward joins the SoFi Exchange Network (SEN).

Kraken Prime, launched in 2025, is described as using smart order routing to compare prices and depth across multiple venues and execute where the fill is best, rather than filling trades against a single order book.

The companies said SoFi members buying or selling digital assets through the SoFi app will have their orders routed through Kraken Prime’s smart order routing system, and they said customers will see no change to the app itself.

The integration is also framed as giving Kraken clients access to SEN’s real-time settlement infrastructure, including the ability to move U.S. dollars around the clock, including outside traditional banking hours.

Stablecoin and Settlement

The partnership centers on SoFiUSD, which multiple outlets describe as SoFi’s bank-issued stablecoin, with FXDailyReport.Com saying it is redeemable on a one-to-one basis for U.S. dollars.

CryptoRank and DailyCoin both say Payward will list SoFiUSD on Kraken and that the stablecoin will be accessible to Kraken’s retail, professional, and institutional users.