Kraken Parent Payward Teams With Singapore Gulf Bank for Round-the-Clock Settlement
Payward integrates SGB Net for real-time clearing, giving institutional clients in Asia and the Gulf instant settlement at any hour.
Payward, the parent company of cryptocurrency exchange Kraken, has forged a partnership with Singapore Gulf Bank to bring continuous, 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 proprietary real-time clearing network, which enables transactions to be finalized instantly regardless of the time of day or week.
The arrangement addresses a long-standing friction point for institutional participants in digital asset markets: the inability to settle trades outside traditional banking hours. By connecting to SGB Net, Payward's institutional clients can now move funds and close positions at any moment, reducing counterparty exposure and overnight risk in a market that never closes.
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As part of the broader agreement, Singapore Gulf Bank will also onboard Kraken Prime — Payward's institutional services arm — as an additional source of digital asset liquidity. That move is expected to deepen the pool of tradable assets available through SGB's network, potentially attracting more institutional flow through both entities.
The deal underscores a wider push by traditional and hybrid financial institutions to build infrastructure capable of matching the operational tempo of crypto markets. For Gulf and Asia-based institutions in particular, access to a settlement rail that functions across time zones and public holidays carries significant practical value, as those regions span multiple jurisdictions with differing market hours.
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