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NewsDigital Assets · $LINK

SoFi and Payward connect banking settlement rails to Kraken digital-asset infrastructure

An agreement to link SoFi Technologies' banking settlement network with Payward's Kraken digital-asset infrastructure puts $LINK in focus this session. The next confirmable step is a joint disclosure from the two firms on how the connected systems will process transactions once the integration is live.

By Miles BroadbentDigital Assets DeskSeptember 3, 20262 min read$LINK
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Key takeaways

  • SoFi Technologies and Payward have agreed to link SoFi's banking settlement network with Payward's Kraken digital-asset infrastructure.
  • The deal connects a traditional banking rail with a crypto-native platform, shifting where throughput capacity sits once both networks run together.
  • No transaction volumes, fee structures, or activation timelines have been disclosed at this stage.
  • The next confirmable step is a joint disclosure from the two firms on how the connected systems will process transactions once the integration is live.
  • $LINK is in focus this session in connection with the agreement.

An agreement to link SoFi Technologies' banking settlement network with Payward's Kraken digital-asset infrastructure puts $LINK in focus this session. The next confirmable step is a joint disclosure from the two firms on how the connected systems will process transactions once the integration is live.

SoFi Technologies carries the banking settlement side of the ledger. Payward, Kraken's parent company, brings the digital-asset infrastructure. The deal establishes a connection between a traditional banking rail and a crypto-native platform, which shifts where throughput capacity sits once the two networks are running together.

No volumes, fee structures, or activation timelines have been disclosed at this stage. What to watch is whether SoFi Technologies and Payward publish a technical integration spec or file any regulatory disclosures that move the agreement from announcement to operation.

Related reading

About this story

Filed by the digital assets desk of MarketPR on September 3, 2026. Source: theblock.co. Indicative figures are not investment advice.

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Frequently asked

What did SoFi and Payward agree to do?

They agreed to connect SoFi Technologies' banking settlement network with Payward's Kraken digital-asset infrastructure, linking a traditional banking rail to a crypto-native platform.

What role does each company play in the deal?

SoFi Technologies provides the banking settlement side, while Payward, Kraken's parent company, brings the digital-asset infrastructure.

Have the companies disclosed volumes, fees, or timelines?

No, no volumes, fee structures, or activation timelines have been disclosed at this stage.

What should observers watch for next?

Watch for whether SoFi and Payward publish a technical integration spec or file regulatory disclosures, and issue a joint disclosure on how the connected systems will process transactions once live.