Payward integrates Singapore Gulf Bank network for 24/7 institutional fiat settlement
Summary
Payward, the company behind Kraken, integrated Singapore Gulf Bank’s SGB Net clearing network so selected institutional clients in eligible Asian and Gulf jurisdictions can fund and settle qualifying U.S. dollar digital-asset transactions around the clock, including on non-banking days. The service lets clients use deposited funds immediately, addressing delays caused by traditional bank cut-off times. The firms plan to add clients and currencies, but did not disclose initial client numbers or transaction volumes. SGB says its network processes more than $20 billion in fiat transactions monthly.
