Payward partners with Singapore Gulf Bank for 24/7 settlement services

Kraken: Kraken is a established cryptocurrency exchange platform operated by Payward, delivering trading, custody, and institutional services worldwide. It emphasizes compliance and liquidity provision through specialized offerings. The exchange advances its institutional reach via this Payward-led integration with Singapore Gulf Bank, enabling 24/7 settlement support and reciprocal access for SGB clients through Kraken Prime. Payward: Payward is the parent company of the Kraken cryptocurrency exchange, operating global digital asset trading platforms for retail and institutional clients. It focuses on secure trading infrastructure and liquidity solutions across multiple jurisdictions. In this partnership, Payward integrates Singapore Gulf Bank’s clearing network to deliver 24/7 instant settlement for institutional clients in Asia and the Gulf region while connecting SGB to Kraken Prime for digital asset access. SGB Net: SGB Net is Singapore Gulf Bank’s real-time, multi-currency clearing network designed for efficient financial transaction processing. It supports instant settlement across various currencies and jurisdictions. Payward has integrated the network to extend 24/7 instant settlement services to institutional clients in Asia and the Gulf region as part of the announced partnership. Kraken Prime: Kraken Prime is Payward’s institutional service under the Kraken brand, focused on providing digital asset liquidity and trade pricing solutions. It serves professional clients seeking advanced access to cryptocurrency markets. Singapore Gulf Bank will connect to Kraken Prime to enable its clients to access digital asset liquidity and pricing in coordination with the broader settlement partnership. Singapore Gulf Bank: Singapore Gulf Bank (SGB) is a fully licensed digital bank regulated by the Central Bank of Bahrain, offering banking and clearing services tailored to digital and traditional finance. It operates the SGB Net real-time multi-currency network to support efficient transaction processing. The bank enters this strategic partnership with Payward to provide institutional clients enhanced settlement capabilities and connect to Kraken Prime for digital asset liquidity and trade pricing. Liquidity Access: Institutional digital asset platforms increasingly connect banks to exchange services to facilitate client access to crypto liquidity alongside traditional clearing networks. Institutional Settlement: Partnerships between licensed banks and crypto exchange operators are expanding to deliver 24/7 settlement capabilities for institutional clients in Asia and the Gulf region. Digital Banking Regulation: Singapore Gulf Bank operates as a fully licensed digital bank under oversight from the Central Bank of Bahrain, supporting integrations with traditional and digital asset services.