Kraken Parent Payward Links With Singapore Gulf Bank for Round-the-Clock Settlement
Payward integrates SGB Net for instant institutional settlement in Asia and the Gulf, while Kraken Prime gains a new liquidity channel.
Payward, the parent company of cryptocurrency exchange Kraken, has formed a partnership with Singapore Gulf Bank to enable 24-hour, seven-day-a-week settlement for institutional digital asset clients across 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 will allow Payward's institutional counterparties to settle transactions instantly regardless of the hour — a capability that traditional banking rails have long been unable to provide for cross-border digital asset flows.
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As part of the arrangement, Singapore Gulf Bank will onboard Kraken Prime, Payward's institutional trading arm, as an additional source of digital asset liquidity. The move positions Kraken Prime as a deeper participant in the bank's liquidity ecosystem, potentially broadening access for the bank's own institutional client base in two of the fastest-growing digital asset markets globally.
The partnership reflects a wider industry push to eliminate settlement gaps that have historically forced institutional traders to absorb overnight and weekend counterparty risk. By anchoring settlement to a real-time clearing network rather than conventional correspondent banking schedules, both firms aim to reduce friction for large-volume participants operating across multiple time zones.
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