Kraken Parent Payward Partners with Singapore Gulf Bank to Offer 24/7 Settlement for Institutional Digital Asset Markets

Kraken parent company Payward and Singapore Gulf Bank (SGB), a fully licensed digital bank regulated by the Central Bank of Bahrain, have announced a strategic partnership. Payward has integrated SGB’s real-time, multi-currency clearing network, SGB Net, to provide institutional clients in specific jurisdictions across Asia and the Gulf region with 24/7 instant settlement. The service will initially support U.S. dollar transactions for select clients, with plans to expand to more clients and additional currencies. SGB will also connect to Payward’s Kraken Prime to access digital-asset liquidity and price trades for its own clients. — link