Kraken operator Payward and Singapore Gulf Bank platform for 24/7 institutional crypto settlement
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.
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Summary
- Payward integrated Singapore Gulf Bank’s real-time clearing network to let select institutional clients settle eligible digital-asset transactions and fund trading around the clock.
- The service initially supports U.S. dollar transactions for clients in eligible Asian and Gulf jurisdictions, with more clients and currencies planned.
- The partnership addresses the mismatch between nonstop crypto trading and traditional banking hours by making deposited funds immediately available through SGB Net.
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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
