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 24/7 real-time digital asset settlement.
Payward, the parent company of crypto exchange Kraken, has forged a partnership with Singapore Gulf Bank to bring around-the-clock settlement capabilities to institutional digital asset markets across Asia and the Gulf region, the companies announced Oct. 4, 2026.
The integration centers on SGB Net, Singapore Gulf Bank's real-time clearing network, which now allows institutional clients to settle transactions at any hour without the delays typically associated with traditional banking infrastructure. The move addresses a longstanding friction point for institutional traders, who have historically been constrained by banking hours even as crypto markets operate continuously.
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As part of the agreement, Singapore Gulf Bank will also onboard Kraken Prime — Kraken's institutional-grade trading arm — as an additional source of digital asset liquidity, potentially deepening order-book depth and pricing efficiency for large-scale participants in those markets.
The partnership reflects a broader industry push to close the operational gap between traditional financial settlement rails and the always-on nature of digital asset trading. By anchoring 24/7 clearing to a licensed banking entity, both firms are positioning the arrangement as a regulated, infrastructure-grade solution rather than a purely crypto-native workaround.
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