Kraken parent Payward and SGB launch 24/7 settlement for institutions

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Kraken parent Payward has connected to Singapore Gulf Bank’s SGB Net to give selected institutional clients in Asia and the Gulf 24/7 U.S. dollar settlement. Summary Payward integrated SGB Net to...

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/2673772475"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2673772475\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2673772475?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-10-05 12:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2673772475","market":"other","top_or_hot":-1,"title":"Kraken parent Payward and SGB launch 24/7 settlement for institutions","media":"cryptonews","content":"<div>\n<p>Kraken parent Payward has connected to Singapore Gulf Bank’s SGB Net to give selected institutional clients in Asia and the Gulf 24/7 U.S. dollar settlement.\n\n\nSummary\n\n\n\nPayward integrated SGB Net to...</p>\n\n<a href=\"https://crypto.news/kraken-parent-payward-and-sgb-launch-24-7-settlement-for/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKraken parent Payward and SGB launch 24/7 settlement for institutions\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-05 12:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/kraken-parent-payward-and-sgb-launch-24-7-settlement-for/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Kraken parent Payward has connected to Singapore Gulf Bank’s SGB Net to give selected institutional clients in Asia and the Gulf 24/7 U.S. dollar settlement.\n\n\nSummary\n\n\n\nPayward integrated SGB Net to...</p>\n\n<a href=\"https://crypto.news/kraken-parent-payward-and-sgb-launch-24-7-settlement-for/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UDN","symbol_name":"做空美元指数-PowerShares","start_time":0,"source_url":"https://crypto.news/kraken-parent-payward-and-sgb-launch-24-7-settlement-for/","article_id":"2673772475","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/kraken-parent-payward-and-sgb-launch-24-7-settlement-for/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2673772475","pubTimestamp":1791174848,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Kraken parent Payward has connected to Singapore Gulf Bank’s SGB Net to give selected institutional clients in Asia and the Gulf 24/7 U.S. dollar settlement.Payward integrated SGB Net to give institutions round-the-clock U.S. dollar settlement across Asia and Gulf.Singapore Gulf Bank says SGB Net now processes more than $20 billion in fiat monthly.SGB will use Kraken Prime liquidity to price digital-asset trades for its own customers directly.Service starts with U.S. dollars for selected clients before expanding to more currencies and users.Payward announced the partnership on Oct. 5, saying clients of both companies can now settle qualifying transactions at any hour through SGB’s real-time, multi-currency clearing network. The initial rollout covers U.S. dollars and a limited group of institutional customers in supported jurisdictions.Payward brings 24/7 settlement to more institutional clients. Payward’s Oct. 5 release says SGB Net now processes more than $20 billion in fiat transact","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"UDN":"做空美元指数-PowerShares","SNTH":"MRP SYNTHEQUITY ETF","WLDR":"Affinity World Leaders Equity ETF","AAVM":"Alpha Architect Global Factor Equity ETF","UUP":"美元ETF-PowerShares DB"},"translate_title":"Kraken 母公司 Payward 和 SGB 为机构推出 24/7 结算","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UUP":0.83,"UDN":0.83,"AAVM":0.83,"SNTH":0.83,"WLDR":0.83,"STmain":0.9},"content_text":"Kraken parent Payward has connected to Singapore Gulf Bank’s SGB Net to give selected institutional clients in Asia and the Gulf 24/7 U.S. dollar settlement.\n\n\nSummary\n\n\n\nPayward integrated SGB Net to give institutions round-the-clock U.S. dollar settlement across Asia and Gulf.\nSingapore Gulf Bank says SGB Net now processes more than $20 billion in fiat monthly.\nSGB will use Kraken Prime liquidity to price digital-asset trades for its own customers directly.\nService starts with U.S. dollars for selected clients before expanding to more currencies and users.\nSingapore Gulf Bank is licensed as a conventional wholesale bank by Bahrain’s central bank regulator.\n\n\n\nPayward announced the partnership on Oct. 5, saying clients of both companies can now settle qualifying transactions at any hour through SGB’s real-time, multi-currency clearing network. The initial rollout covers U.S. dollars and a limited group of institutional customers in supported jurisdictions.\nSingapore Gulf Bank will connect with Kraken Prime under the same arrangement, giving the bank another source of digital-asset liquidity. SGB plans to use Payward’s markets when pricing trades for its own customers over the coming months.\nPayward brings 24/7 settlement to more institutional clients\nSGB Net allows participating customers to transfer fiat funds without waiting for normal banking hours. Through the Payward integration, an eligible SGB client can deposit money with Payward and make the funds available for trading immediately, including during weekends.\nThe service starts with U.S. dollar transfers. Payward and SGB said more currencies and clients are expected to be added later, though neither company provided a timetable for the next phase.\nPayward Chief Commercial Officer Mark Greenberg said digital-asset firms often face a mismatch between continuous trading and banking cut-off times. He described the problem by saying “settlement stops when the business day does.”\nThe company has pursued a similar structure elsewhere. In September, the SoFi–Payward 24/7 settlement partnership connected Payward to SoFi’s real-time payment network while SoFi added Kraken Prime as another liquidity source for digital-asset orders.\nUnder that arrangement, qualified institutional clients gained access to round-the-clock U.S. dollar transfers. Kraken agreed to list SoFiUSD, while SoFi said Kraken Prime would supplement its existing sources of crypto liquidity.\nThe Singapore Gulf Bank agreement extends that model into selected Asian and Gulf jurisdictions through a separate regulated banking network.\nSGB Net says monthly fiat volume tops $20 billion\nSingapore Gulf Bank launched SGB Net in May 2025 as a real-time, multi-currency clearing network for businesses operating across conventional and digital financial markets.\nPayward’s Oct. 5 release says SGB Net now processes more than $20 billion in fiat transactions each month. The figure comes from the companies and was not independently audited in the material reviewed for this report.\nEarlier figures were substantially lower. A February 2026 SGB update cited more than $2 billion in monthly fiat transaction volume, while later partnerships expanded the bank’s payment and correspondent banking connections.\nSGB’s website confirms that the institution is licensed and regulated by the Central Bank of Bahrain. Its site identifies the company as a conventional wholesale bank, despite the Singapore name.\nThe bank is backed by Bahrain sovereign wealth fund Mumtalakat and Singapore-based Whampoa Group. SGB received its banking license before launching corporate services in late 2024, followed by SGB Net the next year.\nIts network has since added links with established banks. SGB announced a partnership with Standard Chartered in May to improve multi-currency clearing and settlement across markets in Asia and the Middle East.\nThe SGB–Standard Chartered payment corridor partnership focused on correspondent banking infrastructure and faster settlement for businesses operating in digital-asset markets.\nEarlier in January, SGB joined J.P. Morgan’s correspondent banking network and adopted Wire 365, which provides U.S. dollar clearing every day of the year. SGB said the service gave customers uninterrupted access to dollar payments across borders.\nKraken Prime will provide another liquidity source\nThe other part of the Payward agreement centers on Kraken Prime.\nKraken Prime serves institutional investors that need access to digital-asset trading, liquidity, financing and other services through Payward’s infrastructure. Under the new agreement, Singapore Gulf Bank will use Kraken Prime as an additional venue when sourcing liquidity for clients.\nSGB CEO Shawn Chan said “clients can move funds when they need to” through the connection between settlement and liquidity. The statement describes the service available through the partnership and does not mean all SGB customers receive immediate access.\nThe companies did not disclose expected trading volume, supported cryptocurrencies or the number of institutions included in the initial launch.\nSGB has been developing services that connect traditional bank accounts with digital assets separately from the Payward agreement. Its regulated fiat-stablecoin interoperability service was introduced for institutions seeking to mint, convert and trade stablecoins through a regulated banking platform.\nThe service supports assets including USDC and USDT across networks such as Ethereum, Solana and Arbitrum. The bank has positioned SGB Net as the fiat settlement layer supporting those services.\nSGB has since added direct stablecoin minting and redemption capabilities for selected corporate and high-net-worth clients, expanding the ways customers can move between bank money and digital assets.\nPayward keeps adding regulated banking connections\nThe SGB deal forms part of Payward Banking, which handles cash movement across deposits, payments, cards, custody and lending within Payward’s product infrastructure.\nBanking relationships have become one part of Payward’s institutional expansion during 2026. The SoFi agreement brought 24/7 U.S. dollar settlement in the U.S., while the SGB partnership covers supported clients across parts of Asia and the Gulf.\nPayward has pursued regulated custody infrastructure at the same time. Its OCC crypto trust charter application proposed creating Payward National Trust Company as a federally regulated digital-asset custodian in the United States.\nThe application was filed with the Office of the Comptroller of the Currency in May. Payward proposed providing institutional crypto custody without accepting traditional deposits or issuing conventional loans.\nThe OCC had not granted final approval when the application was last reviewed. An August update showed Payward remained among digital-asset businesses with pending federal licensing applications.\nSingapore Gulf Bank, meanwhile, continues to operate under its Central Bank of Bahrain license. Its corporate banking services combine multi-currency accounts, international payments, digital-asset services and remote onboarding for eligible customers.\nFor the Payward partnership, U.S. dollars remain the only settlement currency publicly confirmed for the initial rollout. The companies said additional currencies and more institutional customers are planned after the first phase, but no dates have been announced.\n\n\n\n\n\n                Read more:\n            \n\n                OKX seeks SEC approval for 63 tokenized U.S. stocks","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}