Payward, the financial infrastructure company behind crypto exchange Kraken, integrated Singapore Gulf Bank’s real-time clearing network.

This allows selected institutional clients in eligible jurisdictions across Asia and the Gulf to settle qualifying US dollar digital asset transactions and fund trades around the clock, including on non-banking days.

The companies did not disclose the number of clients in the initial rollout or transaction volumes.

Singapore Gulf Bank, a Bahrain-based digital bank, launched SGB Net in 2025.

The bank said the network handles more than US$20 billion in fiat transactions each month, and both companies plan to add more clients and currencies over time.

The partnership comes as Siam Commercial Bank and Citi announced a collaboration to provide 24/7 US dollar clearing and near-real-time cross-border payments.

🔗 Source: CoinDesk

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