Kraken Parent Payward Links With Singapore Gulf Bank for Round-the-Clock Settlement

Payward, the parent company of cryptocurrency exchange Kraken, has forged a partnership with Singapore Gulf Bank to deliver around-the-clock settlement capabilities to institutional digital asset markets in Asia and the Gulf region. The integration centers on SGB Net, the bank's real-time clearing network, enabling clients to complete transactions at any hour without the delays typically associated with traditional financial infrastructure.

The deal addresses a persistent pain point in institutional crypto trading, where settlement windows tied to conventional banking hours can introduce counterparty risk and liquidity gaps. By connecting to SGB Net, Payward's institutional clients gain access to instant finality regardless of time zone, a feature increasingly demanded by large-scale market participants operating across multiple jurisdictions.

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Beyond the clearing integration, Singapore Gulf Bank will onboard Kraken Prime — Payward's institutional prime brokerage offering — as an additional source of digital asset liquidity. The move is designed to deepen the pool of tradable assets available through the bank's network and broaden options for institutional counterparties seeking competitive execution.

The partnership reflects a broader industry trend of traditional and digital financial institutions converging around infrastructure that can bridge legacy settlement systems with the always-on nature of crypto markets. For the Gulf and Asia corridors specifically, where cross-border transaction volumes have grown significantly, real-time settlement capability carries particular strategic weight.

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