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Payward and Singapore Gulf Bank launch 24/7 institutional crypto settlement

Payward, the operator behind Kraken, has integrated Singapore Gulf Bank's real-time clearing network to let select institutional clients settle digital-asset trades around the clock.

Why it matters: The tie-up targets the gap between round-the-clock crypto trading and banking hours, letting institutional clients in Asia and the Gulf settle dollars and fund trades without waiting for the next banking day.

InvestIn.News NewsDesk · 1 min read
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Picture from CoinDesk for: Payward and Singapore Gulf Bank launch 24/7 institutional crypto settlement
Image: CoinDesk
Original reporting: Olivier Acuna, CoinDesk

Key points

  • The service starts with US dollar transactions for select clients in eligible Asian and Gulf jurisdictions.
  • SGB Net, launched in 2025, processes over $20bn in fiat transactions monthly, per the bank.
  • Payward and SGB did not disclose client numbers or transaction volumes for the initial rollout.

Payward, the financial infrastructure company behind crypto exchange Kraken, has integrated Singapore Gulf Bank's real-time clearing network to offer 24/7 institutional crypto settlement.

The rollout begins with US More clients and currencies are planned over time. The companies did not say how many clients are in the first phase or what transaction volumes are involved.

Round-the-clock settlement

Mark Greenberg, Payward's chief commercial officer, said the deal tackles a long-standing mismatch in crypto markets.

Greenberg said exchanges, payment providers, over-the-counter desks and fintechs all face the same constraint: settlement stops when the business day ends, while their markets do not.

Read the full story on CoinDesk

Live updates on NewsFeeds:RegulationDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of CoinDesk’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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