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      Payward Partners with Singapore Gulf Bank for 24/7 Digital Asset Settlement Services

      Payward, the parent company of cryptocurrency exchange Kraken, has announced a partnership with Singapore Gulf Bank (SGB) to provide 24/7 instant settlement services for digital assets to institutional clients in Asia and the Gulf region. This collaboration aims to bridge the gap between the continuous trading of digital assets and the traditional banking hours that often hinder timely transactions.

      The integration will utilize SGB Net, SGB's real-time multi-currency clearing network, allowing for immediate USD transactions. Initially, the service will be available to a select group of clients, with plans to expand to more clients and currencies in the future. The liquidity for these transactions will be facilitated through Kraken Prime, Payward's institutional prime brokerage arm.

      This partnership addresses a significant challenge faced by institutional investors, where delays in traditional banking processes can result in missed trading opportunities. By enabling round-the-clock settlements, Payward and SGB aim to enhance operational efficiency for their clients, allowing them to react swiftly to market movements without being constrained by conventional banking hours. The service's initial focus on USD transactions highlights the currency's central role in global finance and crypto trading, setting the stage for potential future expansions into other currencies.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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