Kraken Parent Payward Joins Singapore Gulf Bank for Round-the-Clock Settlement
Payward integrates SGB Net to enable 24/7 institutional settlement in Asia and the Gulf, while SGB gains Kraken Prime as a liquidity source.
Payward, the parent company of crypto exchange Kraken, has formed a partnership with Singapore Gulf Bank to deliver around-the-clock settlement capabilities to institutional digital asset clients across Asia and the Gulf region, the companies announced Sunday.
At the core of the deal is Payward's integration of SGB Net, Singapore Gulf Bank's proprietary real-time clearing network. The technology allows institutional participants to finalize transactions at any hour, eliminating the settlement delays that have historically plagued cross-border digital asset markets — particularly across time zones spanning the Middle East and Asia-Pacific.
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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 signals a deepening of ties between traditional banking infrastructure and crypto-native trading venues, a trend that has accelerated as institutional demand for regulated digital asset services has grown in both regions.
The partnership reflects a broader industry push to close the operational gap between conventional financial markets and digital asset platforms. Real-time clearing networks like SGB Net are increasingly viewed as critical infrastructure for institutions that require certainty and speed in settlement, regardless of market hours or geography.
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