BlockchainCrypto

Kraken operator Payward and Singapore Gulf Bank partner for 24/7 institutional crypto settlement

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 05/10/2026, 11:40:24 UTC.

Briefings

Kraken and Singapore Gulf Bank announced a partnership to launch a 24/7 institutional crypto settlement service targeting Asian and Gulf region clients. The service will use U.S. dollar settlement as the primary mechanism for transactions. This collaboration aims to provide round-the-clock financial stability for institutional investors in the region. The partnership represents a strategic move to integrate digital assets into traditional banking infrastructure for high-volume transactions.

Key points

• Kraken and Singapore Gulf Bank will launch a 24/7 institutional crypto settlement service targeting clients in Asia and the Gulf region.
• The settlement service will utilize U.S. dollar as the primary currency for all transactions.

Context and limitations

The rollout is scheduled for select institutional clients in Asia and the Gulf region only. Coverage is limited to the initial phase with no data on specific client numbers, transaction volumes, or regional adoption rates.

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