Payward, Singapore Gulf Bank Launch 24/7 Institutional Settlement
SYDNEY – October 04, 2026 -- Payward, the financial infrastructure platform behind Kraken, has partnered with Singapore Gulf Bank (SGB) to enable round-the-clock settlement for institutional digital asset clients in Asia and the Gulf region.
Payward integrates SGB Net to eliminate banking cut-off times
Payward has connected to SGB Net, the bank's real-time multi-currency clearing network, allowing institutional clients of both firms to settle transactions instantly, 24 hours a day, seven days a week. The offering initially covers US dollar transactions for a select number of clients, with plans to add more clients and currencies over time. Through SGB Net, an SGB client can deposit funds with Payward and deploy them immediately, at any hour, rather than waiting on traditional banking cycles that have historically taken days.