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shares rose on Thursday after the firm announced a deal with Payward to connect its banking systems with Kraken's digital asset markets.
Under the terms, Payward will become part of the SoFi Exchange Network and list SoFiUSD, the bank-issued stablecoin, on the Kraken platform.
SoFi plans to use Kraken Prime, Payward's prime brokerage service, to provide extra digital asset liquidity for trades executed by SoFi members in its application.
Membership in the SoFi Exchange Network, a real-time settlement system, allows Kraken's institutional clients to clear and settle U.S. dollar transactions at any time.
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