Kraken Parent Payward Links With Singapore Gulf Bank for Round-the-Clock Settlement
Payward integrates SGB Net to offer institutional clients in Asia and the Gulf instant digital asset settlement at any hour.
Payward, the parent company of cryptocurrency exchange Kraken, has formed a partnership with Singapore Gulf Bank (SGB) that brings 24-hour, seven-day-a-week settlement capabilities to institutional digital asset markets across Asia and the Gulf region, the companies announced October 4, 2026.
At the center of the deal is SGB Net, the bank's proprietary real-time clearing network, which Payward has now integrated into its institutional infrastructure. The connection allows eligible clients to move funds and settle trades at any hour without waiting for traditional banking windows to open — a persistent friction point in cross-border digital asset transactions.
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As part of the broader agreement, Singapore Gulf Bank will onboard Kraken Prime, Payward's institutional trading arm, as an additional source of digital asset liquidity. The move is designed to deepen the pool of assets available to institutional counterparties operating through SGB's network, potentially tightening spreads and improving execution quality for large-volume participants.
The partnership underscores a wider industry push to close the gap between crypto-native settlement speeds and the slower rails that institutions have historically relied upon. By anchoring real-time clearing to a licensed bank operating across two of the world's fastest-growing digital asset corridors — Southeast Asia and the Arabian Gulf — both firms are positioning themselves ahead of anticipated regulatory frameworks in those markets.
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