CryptoMedium•5 October 2026•
1 min read
Payward and Singapore Gulf Bank Partner for 24/7 Instant USD Settlement
Key Facts
1Kraken operator Payward announced a partnership with Singapore Gulf Bank to provide instant US dollar settlement.
2The service will initially be available to select institutional clients in Asia and the Gulf region via SGB Net.
Payward, the operator of the Kraken exchange, announced a partnership with Singapore Gulf Bank to provide instant 24/7 US dollar settlement. Reuters reported that the service will initially be available to select institutional clients in Asia and the Gulf region via the SGB Net network, enabling trade funding even on non-banking days.
The partnership aims to resolve traditional banking constraints where settlement stops at the end of the business day while digital asset markets remain active. According to Singapore Gulf Bank, the SGB Net network processes over $20 billion in fiat transactions monthly, and both firms plan to expand the service to include more clients and currencies over time.