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      Kraken parent Payward partners with Singapore Gulf Bank to offer 24/7 instant settlement for institutional clients

      PANews reported on October 5 that Kraken parent Payward and Singapore Gulf Bank (SGB) announced a partnership. Payward has connected to SGB's real-time multi-currency clearing network, SGB Net, to provide institutional clients in select jurisdictions across Asia and the Gulf region with instant settlement services 24 hours a day, 7 days a week. The service will initially support USD transactions for a limited number of clients, with plans to expand the client base and currencies later.

      SGB will also connect to Kraken Prime, Payward's institutional brokerage platform, to access digital asset liquidity, and will use Payward's markets to provide pricing for client trades in the coming months. According to the announcement, SGB Net currently processes more than $20 billion in fiat transactions per month.


      Source: PANews
      .

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