Payward and Singapore Gulf Bank Partner for 24/7 Digital Asset Settlement

Payward has announced an integration with Singapore Gulf Bank (SGB) that allows institutional clients to settle digital asset transactions 24/7. The partnership utilizes SGB's real-time clearing network, SGB Net, to facilitate instant settlements for clients primarily in Asia and the Gulf region.

This collaboration aims to address the growing demand for faster and more accessible settlement processes in the institutional digital asset market. SGB will also onboard Kraken Prime as an additional source of digital asset liquidity through this partnership.

The move is expected to provide institutional investors with a significant advantage by offering continuous settlement capabilities, a critical factor in the fast-paced digital asset landscape. The enhanced liquidity and real-time settlement are designed to streamline trading operations.

This initiative underscores the increasing institutional adoption of digital assets and the ongoing efforts to build robust market infrastructure. Further financial details of the partnership have not been disclosed.