Payward, SGB Team Up for 24/7 Crypto Settlement
Payward, Inc. has partnered with Singapore Gulf Bank (SGB) to enable 24/7 instant settlement for select clients, starting with USD. This integration allows SGB to access Kraken Prime liquidity, potentially directing more order flow to Payward-linked venues and aiding liquidity depth.
The SGB Net, which processes $20B/month in fiat, will enable real-time settlement, reducing funding latency for institutional crypto trading and potentially lifting volumes and spreads.
Payward's banking rails are being expanded to align fiat movement with 24/7 crypto markets, a mid-cycle build-out. The initial scope is limited, and revenue impact depends on rollout speed and client uptake.
Expansion to more currencies is planned, which would broaden the addressable market and cross-border flows.