Kraken Parent Payward Joins Singapore Gulf Bank for Round-the-Clock Settlement
Payward integrates SGB Net to enable 24/7 institutional settlement across Asia and the Gulf, while SGB adds Kraken Prime as a liquidity source.
Payward, the parent company of cryptocurrency exchange Kraken, has partnered with Singapore Gulf Bank to deliver around-the-clock settlement capabilities for institutional digital asset clients operating across Asia and the Gulf region, the companies announced Sunday.
The integration centers on SGB Net, Singapore Gulf Bank's proprietary real-time clearing network. By connecting to SGB Net, Payward's institutional clients gain the ability to settle transactions at any hour — eliminating the delays that have historically plagued cross-border digital asset markets during off-hours or across time zones.
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As part of the arrangement, Singapore Gulf Bank will also onboard Kraken Prime as an additional source of digital asset liquidity. The move is expected to deepen the pool of tradeable assets available through SGB's network, potentially improving pricing and execution quality for institutional participants in both regions.
The partnership reflects a broader push by digital asset infrastructure providers to close the operational gap between crypto markets — which run continuously — and the settlement rails that underpin institutional trading. Institutions in Asia and the Gulf have faced particular friction given the time-zone spread and differing regulatory frameworks across those markets.
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