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

Kraken parent Payward has partnered with Singapore Gulf Bank (SGB) to offer institutional clients 24/7 USD settlement. The service will roll out first to select institutional clients in Asia and the Gulf region, with around-the-clock U.S. dollar settlement before any broader expansion.

Payward integrated SGB Net, the bank's real-time multi-currency clearing network, letting clients of both firms settle transactions instantly around the clock — while Singapore Gulf Bank gains access to Kraken Prime liquidity. The tie-up extends Payward's "one ledger" push to bring bank-linked 24/7 settlement to institutional digital-asset markets. No terms, rollout scope or supported markets beyond the initial USD offering were disclosed.