October 5th 2026, 3:41 AM
24/7 Trading Boost with Singapore Gulf Bank Partnership
Key Summary
Payward, the parent company of Kraken, has partnered with Singapore Gulf Bank (SGB) to offer 24/7 instant settlement for digital assets to institutional clients in Asia and the Gulf region. The partnership integrates SGB Net, the bank's real-time multi-currency clearing network, into Payward's infrastructure. Starting with USD transactions, the service aims to reduce operational friction and speed up how quickly institutional clients can deploy funds. The rollout begins with a select group of clients, and the companies plan to expand to more clients and currencies over time. This partnership follows Payward's recent collaboration with SoFi for real-time USD settlement, targeting the largest pool of demand first.
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Partnership Overview
Payward has partnered with Singapore Gulf Bank to provide 24/7 settlement services.Benefits for Institutional Traders
This partnership could revolutionize institutional trading by enabling seamless, round-the-clock capital movement, enhancing market responsiveness.Market Impact
The introduction of 24/7 settlement services has the potential to significantly impact the institutional trading landscape, offering traders greater flexibility and responsiveness to market fluctuations.#Singapore#Banking#24#InstitutionalTrading