Kraken parent company Payward partners with Singapore Gulf Bank to launch institutional-grade 24/7 digital asset settlement service

On October 5, according to The Block, Payward, the parent company of Kraken, announced a partnership with Singapore Gulf Bank. By integrating the bank’s real-time multi-currency clearing network, SGB Net, the service will provide 24/7 settlement for institutional digital asset clients. Initially available to select clients, it will first support USD transactions and gradually expand to additional currencies.