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

Payward, the parent company of crypto exchange Kraken, has struck a partnership with Singapore Gulf Bank (SGB) to deliver around-the-clock settlement capabilities to institutional digital asset traders operating across Asia and the Gulf region. The integration centers on SGB Net, the bank's real-time clearing network, enabling transactions to clear instantly regardless of the time of day or day of the week.

The deal addresses a longstanding friction point in institutional crypto markets, where settlement delays tied to traditional banking hours have complicated treasury management and exposed firms to overnight price risk. By connecting directly to SGB Net, Payward's institutional clients can now move assets and cash simultaneously, reducing counterparty exposure in a market segment that increasingly demands infrastructure on par with conventional finance.

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As part of the broader arrangement, Singapore Gulf Bank will onboard Kraken Prime — Payward's institutional prime brokerage arm — as an additional source of digital asset liquidity. The move is expected to deepen the pool of tradable assets available through SGB's network while giving Kraken Prime greater distribution reach into the Gulf and Southeast Asian institutional client base.

The partnership reflects accelerating demand among institutional investors in the Middle East and Asia-Pacific for regulated, bank-grade digital asset infrastructure. Singapore Gulf Bank's positioning as a bridge between Gulf capital markets and global crypto liquidity venues makes it a strategically significant counterpart for Payward as it seeks to expand its institutional footprint beyond Western markets.

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