News · Crypto · Cointelegraph · Mon, Oct 5, 2026 11:00 AM
Payward partners with Singapore Gulf Bank for 24/7 USD settlement
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Payward, the parent of Kraken, partners with Singapore Gulf Bank to offer 24/7 USD settlement for select Asian and Gulf institutions via SGB Net.
Payward, the parent company of the cryptocurrency exchange Kraken, has announced a partnership with Singapore Gulf Bank (SGB) to provide 24/7 U.S. dollar settlement services.
The arrangement will allow selected institutions in Asia and the Gulf region to settle USD transactions instantly through SGB’s proprietary SGB Net platform.
By offering real‑time settlement, the collaboration aims to enhance liquidity and reduce settlement risk for crypto and traditional financial institutions operating in these markets.
Settlement Expansion for Asian and Gulf Institutions
Based on reporting from Cointelegraph. Read the original.
OpenBook analysis
Market impact
The new 24/7 USD settlement service could improve liquidity for crypto exchanges operating in Asia and the Gulf, offering faster cross-border transactions. Traders may monitor the partnership for potential ripple effects on settlement infrastructure and regulatory compliance. The move may also influence the broader fintech and banking sector's adoption of real-time settlement solutions.
General market context for education only, not investment advice.
This briefing was summarized with automated tools from public reporting by Cointelegraph and is general market information, not investment advice. Editorial policy & corrections