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

Payward, the parent company of cryptocurrency exchange Kraken, has forged a partnership with Singapore Gulf Bank to bring around-the-clock settlement capabilities to institutional digital asset markets in Asia and the Gulf region. The integration centers on SGB Net, the bank's proprietary real-time clearing network, which eliminates the time-zone and business-hours constraints that have long complicated large-scale crypto transactions.

Under the arrangement, institutional clients served by both firms will gain the ability to settle digital asset trades instantly at any hour, a capability that has been largely absent from traditional financial infrastructure. The deal signals a broader push by established crypto firms to meet the operational demands of institutional counterparties who require settlement certainty comparable to conventional capital markets.

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As part of the agreement, Singapore Gulf Bank will also onboard Kraken Prime — Payward's institutional trading arm — as an additional source of digital asset liquidity. That move is expected to deepen the pool of available assets accessible through SGB Net, potentially narrowing spreads and improving execution quality for the bank's institutional customer base.

The partnership reflects accelerating efforts by crypto-native firms and regulated financial institutions to build shared infrastructure capable of bridging decentralized asset markets with institutional-grade reliability. Asia and the Gulf region have emerged as particularly active arenas for such collaboration, driven by regulatory frameworks in Singapore and the UAE that have been comparatively receptive to digital asset business.

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