Payward and Singapore Gulf Bank Unite for Real-Time Crypto Settlement
Payward, the parent company of Kraken, has formed a strategic partnership with Singapore Gulf Bank (SGB), a fully licensed digital bank regulated by the Central Bank of Bahrain. This collaboration will integrate SGB's real-time, multi-currency clearing network, allowing institutional clients in Asia and the Gulf region access to 24/7 instant settlement services.
The integration of SGB's network aims to bolster liquidity and trading capabilities, particularly in the Gulf region. Payward's parent company, Kraken, provides various financial services related to cryptocurrency trading, while Singapore Gulf Bank specializes in innovative banking solutions for digital assets.
According to a tweet by @WuBlockchain, this partnership has the potential to reshape the way crypto transactions are executed in these regions.