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

Payward, the parent company of crypto exchange Kraken, has formed a partnership with Singapore Gulf Bank to bring continuous, real-time settlement capabilities to institutional digital asset markets across Asia and the Gulf region. The integration centers on SGB Net, Singapore Gulf Bank's proprietary clearing network, enabling transactions to be finalized at any hour without the delays traditionally associated with correspondent banking infrastructure.

For institutional participants, the arrangement addresses one of the more persistent friction points in digital asset trading: the inability to settle positions outside conventional banking hours. By connecting to SGB Net, Payward's institutional clients can now clear trades around the clock, a feature that proponents argue is essential for markets that operate continuously unlike traditional equities exchanges.

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As part of the broader agreement, Singapore Gulf Bank will also onboard Kraken Prime — Payward's institutional-grade trading arm — as an additional source of digital asset liquidity. The move is designed to deepen the pool of available assets on the SGB platform while giving Kraken Prime expanded reach into a client base concentrated in two of the world's fastest-growing digital asset corridors.

The partnership reflects a wider industry push to bridge regulated banking infrastructure with the nonstop operating cadence of crypto markets. Both Asia and the Gulf have emerged as focal points for institutional digital asset activity, driven by regulatory clarity in jurisdictions such as Singapore and Abu Dhabi and growing demand from sovereign wealth funds and family offices seeking exposure to the asset class.

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