Kraken Parent Payward Links With Singapore Gulf Bank for Round-the-Clock Settlement
Payward integrates SGB Net to give institutional clients in Asia and the Gulf instant digital asset settlement at any hour.
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 companies announced October 4, 2026.
The integration centers on SGB Net, Singapore Gulf Bank's real-time clearing network, which enables Payward's institutional clients to complete settlements instantly regardless of the time of day or day of the week — a notable departure from the business-hours limitations that still constrain many traditional financial settlement rails.
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As part of the agreement, Singapore Gulf Bank will also onboard Kraken Prime, Payward's institutional trading arm, as an additional source of digital asset liquidity. The move signals that both parties are positioning for deeper demand among professional investors operating across time zones that span the Middle East and Asia-Pacific corridors.
The partnership reflects a broader industry push to close the gap between crypto-native settlement speeds and the expectations of institutional counterparties who require certainty and finality outside conventional banking windows. By anchoring liquidity access through Kraken Prime and clearing through SGB Net, the arrangement attempts to address both sides of that equation simultaneously.
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