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Institutions & ETFs · 1 min read

Payward Integrates Singapore Gulf Bank to Offer 24/7 Institutional Settlement

Kraken's parent company connects to SGB Net for real-time dollar clearing and brings Kraken Prime liquidity to the Bahrain-regulated digital bank.

Editorial oversight: Julian Mercer, Chief Editor
Bullish

At a glance Announced

What happened
Payward integrated Singapore Gulf Bank's SGB Net clearing network to provide 24/7 institutional fiat settlement.
Why it matters
It eliminates multi-day bank settlement delays by enabling real-time capital deployment into digital asset markets around the clock.
Who is affected
Institutional digital asset clients and trading firms in permitted jurisdictions across Asia and the Gulf region.
Takes effect
2026-10-05
What's next
Expansion of SGB Net settlement to additional fiat currencies and integration of Kraken Prime liquidity for SGB's clients over coming months.
Primary source
PR Newswire: Payward and Singapore Gulf Bank Partner to Bring 24/7 Settlement to Institutional Digital Asset Markets

Key points

  • Payward integrated SGB Net to provide continuous, real-time US dollar settlement for institutional accounts across Asia and the Gulf 1.
  • Singapore Gulf Bank will source digital asset liquidity directly from Kraken Prime to price client transactions 1.
  • SGB Net, regulated by the Central Bank of Bahrain, processes over $20 billion in monthly fiat transaction volume 1.

Payward, the financial infrastructure firm operating crypto exchange Kraken, has partnered with Singapore Gulf Bank to provide around-the-clock settlement for institutional digital asset market participants 1. Through the integration of the digital bank's real-time clearing rails, known as SGB Net, eligible institutional clients in Asia and the Gulf can execute instant fiat transfers across Payward platforms without standard banking cut-off constraints 1.

The settlement mechanism initially supports US dollar transfers for a designated set of institutional accounts, with plans to incorporate additional currencies and counterparties later 1. SGB Net, introduced in 2025, settles more than $20 billion in monthly fiat volume for digital asset and financial technology companies, according to the bank 1. As part of the bilateral agreement, SGB will also connect to Kraken Prime, Payward's institutional prime brokerage unit, sourcing crypto liquidity to price execution for its own corporate clientele over the coming months 1.

Bridging Banking Hours and Continuous Markets

The integration targets persistent operational friction between 24/7 crypto spot markets and traditional banking rails, which frequently delay fund transfers during weekends and non-business hours 1. SGB holds a digital banking license from the Central Bank of Bahrain and receives backing from Bahrain sovereign wealth fund Mumtalakat and Singapore investment firm Whampoa Group 1. For Payward, the link expands Payward Banking, the underlying treasury layer powering deposit, payment, and clearing infrastructure across its subsidiaries 1.

The alliance follows aggressive institutional expansion across Payward's corporate footprint, including a Nasdaq investment in Payward designed to push institutional tokenization infrastructure into traditional venues 1. Market activity remains elevated, with total industry capitalization hovering at $2.91 trillion and Bitcoin trading at $86,640 at the time of writing.

Questions this story raises

Which currencies are supported at launch?
The settlement service launches initially with US dollar transactions for a select group of clients, with plans to add more currencies over time.
Who regulates Singapore Gulf Bank?
Singapore Gulf Bank operates as a fully licensed digital bank regulated by the Central Bank of Bahrain.

Sources

  1. [1] Payward and Singapore Gulf Bank Partner to Bring 24/7 Settlement to Institutional Digital Asset Markets — PR Newswire, October 5, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: corrections@basisdesk.news · corrections policy.

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