Payward, the parent company of cryptocurrency exchange Kraken, and fintech company and bank SoFi Technologies announced a strategic partnership Thursday that will connect SoFi’s banking and dollar-settlement infrastructure with Kraken’s digital-asset trading and liquidity network.

The agreement will allow the companies to use each other’s financial infrastructure as SoFi expands its cryptocurrency services and Kraken deepens its relationships with traditional financial institutions. Financial terms were not disclosed.

Kraken Gains Access to SoFi’s Dollar Network

Under the agreement, Payward will join SoFi Exchange Network (SEN), allowing eligible Kraken institutional clients to move and settle U.S. dollars around…