Kraken Parent Payward Links With Singapore Gulf Bank for Round-the-Clock Settlement
Payward integrates SGB Net to offer institutional clients in Asia and the Gulf instant digital asset settlement at any hour of the day.
Payward, the parent company of cryptocurrency exchange Kraken, has forged a partnership with Singapore Gulf Bank to deliver around-the-clock settlement capabilities for institutional digital asset clients across Asia and the Gulf region. The integration centers on SGB Net, Singapore Gulf Bank's proprietary real-time clearing network, enabling transactions to be finalized instantly regardless of the time of day or day of the week.
The arrangement addresses a longstanding friction point in institutional crypto markets, where settlement delays tied to traditional banking hours have complicated large-scale trading operations. By connecting to SGB Net, Payward's institutional clients can move funds and close positions without waiting for conventional market open windows — a meaningful operational advantage in markets that trade continuously.
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As part of the broader agreement, Singapore Gulf Bank will also onboard Kraken Prime as an additional source of digital asset liquidity. That move is designed to deepen the pool of available assets on SGB's network, potentially tightening spreads and improving execution quality for institutional counterparties routing orders through the bank's infrastructure.
The partnership reflects a wider industry push to reconcile the always-on nature of crypto markets with the settlement infrastructure historically built around fixed banking hours. For institutional players operating across multiple time zones in Asia and the Gulf, the ability to settle in real time around the clock reduces counterparty risk and frees up capital that would otherwise sit idle pending confirmation.
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