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4 sourcesAMBCryptoBitcoin.com NewsCrypto.newsThe Defiant
16 Sept

Kraken parent plans regulated Hyperliquid perps

Payward plans to offer Hyperliquid HIP-3 perpetual futures to eligible U.S. clients through Bitnomial, subject to regulatory approval.

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2 sources15 Sept

SoFi Technologies Partners With Payward!

2 sources15 Sept

X launches US Cashtag program with five brokerage partners

3 sources14 Sept

Kraken Launches xStocks Vaults That Borrow Against Tokenized Equities

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Kraken Parent Payward to Launch US Onchain Perpetuals

Payward plans to launch the first regulated U.S. onchain perpetual futures markets using the Hyperliquid protocol. Regulatory framework and oversight Payward, the parent company of cryptocurrency exchange Kraken, announced Sept. 16 its plans to deploy onchain perpetual futures markets for U.S. clients through the decentralized trading protocol Hyperliquid. The initiative, which remains subject to regulatory […]

Bitcoin.com NewsBitcoin.com News•Terence Zimwara20h ago

SoFi Technologies Partners With Payward!

SoFi Technologies Inc. (SOFI) announced on Thursday that it will enter into a partnership with Payward, a unified financial infrastructure platform, in a move aimed at strengthening SoFi’s banking, payments, liquidity, and digital asset operations. The collaboration is designed to connect SoFi’s growing digital asset infrastructure with Payward’s broader trading and settlement ecosystem, while also expanding the reach of SoFi’s stablecoin, SoFiUSD. Under the terms of the partnership, Payward will leverage SoFi’s Big Business Banking capabilities, join the SoFi Exchange Network (SEN), and list SoFiUSD on its multi-asset trading platform. At the same time, SoFi will use Kraken Prime, Payward’s full-service prime brokerage solution, as an additional source of digital asset liquidity. The arrangement is therefore a two-way relationship: Payward gains access to SoFi’s banking and settlement infrastructure, while SoFi gains access to Kraken Prime’s liquidity and Kraken’s broader trading platform. A key element of the deal is Payward’s access to SEN, SoFi’s real-time settlement network. This gives institutional clients a path to clear and settle U.S. dollar transactions 24 hours a day, seven days a week. Kraken institutional clients will be able to use SEN’s real-time settlement rails to move USD and manage liquidity across both networks at any hour. That kind of around-the-clock settlement capability is especially valuable for institutional crypto participants, who often need to move funds and manage positions outside traditional banking hours. For SoFi, the partnership offers several potential benefits. Kraken’s decision to list SoFiUSD expands the stablecoin’s reach to millions of users on its multi-asset trading platform. Meanwhile, SoFi’s access to Kraken Prime’s liquidity could potentially improve crypto-trading prices for SoFi members. Because orders placed in the SoFi app will now route through Kraken Prime, customers may enjoy better pricing on crypto transactions. The deal also strengthens SoFi’s Big Business Banking offering, which was launched in April, and could pave the way for deeper collaboration between the two companies in areas such as payments, treasury, lending, and digital assets. Keefe Bruyette offered its assessment of the announcement, calling it “another positive development” for SoFi. The firm said SoFi stands to benefit from Payward’s operations and its connection to Kraken’s platform. However, Keefe maintained an “Underperform” rating on SoFi Technologies with a $16 price target. That target implies roughly 13% downside from the stock’s last close, indicating that while the analyst views the Kraken partnership as a constructive step, it is not enough to shift a more cautious overall stance on the stock. In summary, the SoFi-Payward partnership expands SoFiUSD’s distribution, gives Kraken and its institutional clients round-the-clock USD settlement through SEN, and adds Kraken Prime as a new liquidity source for SoFi. It also reinforces SoFi’s business banking push and opens the door to possible deeper collaboration across payments, treasury, lending, and digital assets. The analyst reaction captures the mixed picture: a positive strategic development for SoFi’s digital asset ambitions, but one that still leaves valuation concerns in place.

TITradingView Ideas15 Sept