Kraken parent adds 24/7 dollar settlement with Singapore Gulf Bank
Summary
Payward, Kraken’s parent company, has partnered with Bahrain-regulated Singapore Gulf Bank to provide 24/7 US dollar settlement for selected institutional clients in Asia and the Gulf. Payward integrated the bank’s SGB Net real-time clearing network, with plans to add clients and currencies. SGB will also use Kraken Prime for digital-asset liquidity and Payward’s markets to price customer trades. The partnership comes amid broader efforts by banks and financial firms to extend settlement beyond business hours, including planned tokenized deposit and instant FX services.
