Kraken and Singapore Gulf Bank Bridge Traditional Finance and Digital Assets

Kraken’s parent company, Payward, has forged a strategic alliance with Singapore Gulf Bank (SGB) to bridge the gap between traditional finance and digital assets. By integrating with the SGB Net clearing network, the partnership enables institutional clients across Asia and the Gulf to access 24/7 US-dollar funding, streamlining the capital movement necessary for modern digital-asset trading.

Instant Liquidity and Round-the-Clock Funding

The core of this collaboration is the immediate availability of dollar-based settlement for eligible institutional players. Through SGB Net, clients can deposit cash and deploy it instantly within Payward’s ecosystem at any hour of the day, seven days a week. This shift eliminates the traditional constraints of banking hours, providing institutions with unprecedented flexibility to move capital in response to the fast-paced and volatile crypto markets.

Future Roadmap: Pricing and Global Expansion

Beyond immediate funding, the partnership includes a roadmap for deeper integration involving Kraken Prime. Over the coming months, Singapore Gulf Bank intends to leverage Payward’s market data to price digital asset trades for its own customer base. While the initial rollout is restricted to specific jurisdictions and US-dollar transactions, both companies have signaled their intention to scale the service by adding more currencies and expanding the roster of participating institutional clients in the near future.