SoFi and Payward Want to Connect Banking and Digital Assets
Hey Digital Banking Fanatic!
What happens when a digital bank and a major digital asset platform start connecting their infrastructure?
SoFi and Payward are about to find out.
The two companies are partnering across banking, payments, liquidity and digital assets. Payward will join SoFi’s Exchange Network and list SoFiUSD on Kraken, while SoFi will use Kraken Prime to add liquidity to its crypto offering.
The bigger idea is simple: connect traditional banking rails with always-on digital asset markets.
Let’s get into today’s Digital Banking stories. 👇 See you on Monday!
Cheers,
INSIGHTS
Australia’s 10 Most Valuable Banks. Australia’s top 10 banks are valued at more than $516B combined, with CommBank leading at $189B, followed by National Australia Bank at $84B and Westpac at $83B. The top five — including ANZ and Macquarie Group — account for almost the entire value of the ranking, while smaller institutions such as Judo Bank and ME Bank remain below $1B.
NEWS
🇺🇸 SoFi and Payward partner to connect banking and digital asset markets, with Payward joining the SoFi Exchange Network and listing SoFiUSD on Kraken. SoFi will also use Kraken Prime as an additional source of digital asset liquidity for its members.
🌍 Revolut and Yuno partner to give merchants one-click access to Revolut's full payment stack. The integration bundles Revolut Pay, acquiring, and gateway services across the UK, EEA, Singapore, and Australia.
🇬🇧 Revolut wins conditional approval from the OCC for a national bank charter in the United States. The company now expects FDIC and Federal Reserve sign-off as it targets a full U.S. bank launch by 2027.
🇺🇸 TabaPay closes $155M in financing and has agreed to acquire a bank. The deal strengthens TabaPay's position as it builds out its payments and banking infrastructure.
🇬🇧 Atom Bank launches a natural capital lending proposition aimed at unlocking new housing development in the UK. The digital bank's new product ties lending to natural capital and environmental outcomes.
🇺🇸 FIS launches its Embedded Banking Platform, letting banks deliver accounts and payments inside business software. Pilot banks include Cogent Bank, Commercial Bank of California, and M&T Bank, with accounts and payments planned for Q4 2026.
🇲🇾 Ryt Bank users can now apply for loans up to RM100,000 through the new Ryt Credit product. The upgraded offering replaces Ryt PayLater and requires EPF statements for higher credit limits approved in as little as five minutes.
🇦🇪 Standard Chartered becomes the first G-SIB to launch institutional Bitcoin and Ether spot trading in the UAE. Eligible institutional clients can access deliverable BTC and ETH trading through the bank's existing electronic FX channels.
🇺🇸 Chainlink partners with Bottomline to explore blockchain-based cross-border payments for over 600 banking clients. Chainlink will serve as an interoperability layer connecting Bottomline's infrastructure to public and permissioned blockchain networks.
🇸🇪 Celeri and Saldo Bank partner to deliver an integrated financial stack for Nordic SMEs. The collaboration combines Celeri's platform with Saldo Bank's banking services to serve small businesses across the Nordics.
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