Kraken Parent Payward Links With Singapore Gulf Bank for Round-the-Clock Settlement

Payward, the parent company of crypto exchange Kraken, has struck a partnership with Singapore Gulf Bank to bring 24-hour, seven-day settlement capabilities to institutional digital asset markets across Asia and the Gulf region. The integration centers on SGB Net, Singapore Gulf Bank's proprietary real-time clearing network, enabling institutional clients to complete transactions at any hour without waiting for traditional banking windows.

The deal addresses a longstanding friction point in institutional crypto trading: the mismatch between digital asset markets that operate continuously and settlement infrastructure that historically observes business-hours constraints. By connecting to SGB Net, Payward's institutional clients gain access to instant finality regardless of time zone or day of the week, a capability that could reduce counterparty risk and improve capital efficiency for large-scale participants.

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As part of the broader arrangement, Singapore Gulf Bank will also onboard Kraken Prime — Kraken's institutional trading arm — as an additional source of digital asset liquidity. That move is expected to deepen the liquidity pool available through SGB's network while giving Kraken Prime expanded reach into two of the fastest-growing digital asset corridors globally.

The partnership reflects intensifying competition among banks and exchanges to capture institutional crypto business in Asia and the Middle East, regions where regulatory frameworks have increasingly accommodated digital asset activity. For Singapore Gulf Bank, adding a high-profile liquidity provider like Kraken Prime strengthens its positioning as a bridge between conventional banking infrastructure and crypto-native markets.

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