Kraken parent adds 24/7 dollar settlement with Singapore Gulf Bank
The partnership will enable select institutions in Asia and the Gulf region to instantly settle US dollar transactions through the bank’s SGB Net
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What happened
The partnership will enable select institutions in Asia and the Gulf region to instantly settle US dollar transactions through the bank’s SGB Net
Reported details
- The two firms will initially roll out the digital assets settlement service to select institutional clients in Asia and the Gulf region with around-the-clock U.S. dollar settlement.
- This partnership could revolutionize institutional trading by enabling seamless, round-the-clock capital movement, enhancing market responsiveness.
- Kraken parent Payward has connected to Singapore Gulf Bank’s SGB Net, giving select institutions 24/7 U.S. dollar settlement.
Why this matters
Kraken touches the custody and settlement layer, which is where tokenized-asset exposure actually lives: a token claim is only as good as the underlying record and the redemption path behind it. Watch the named custodian, the settlement timing, and who bears the risk if redemption is delayed.
Evidence boundary
The scope is limited to what the linked reports state, and where two of them diverge both positions are recorded without either being picked in advance.
What to verify
Check Kraken against the named custodian and the applicable redemption terms: the timing, the minimum size, the fee schedule, and who carries the risk if redemption is delayed.
Sources and editorial check time
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Cointelegraph: https://cointelegraph.com/news/payward-partners-singapore-gulf-bank-settlement
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Crypto Briefing RWA: https://cryptobriefing.com/payward-singapore-gulf-bank-24-7-settlement/
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crypto.news Live: https://crypto.news/kraken-parent-payward-and-sgb-launch-24-7-settlement-for/
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Editorial source check time: 2026-10-05T10:05:25.665Z
This information is educational and is not financial, legal, or tax advice.
Sources
- https://cointelegraph.com/news/payward-partners-singapore-gulf-bank-settlement
- https://www.coindesk.com/business/2026/10/05/kraken-operator-payward-and-singapore-gulf-bank-platform-for-24-7-institutional-crypto-settlement
- https://cryptobriefing.com/payward-singapore-gulf-bank-24-7-settlement/
- https://crypto.news/kraken-parent-payward-and-sgb-launch-24-7-settlement-for/