CoinTelegraph
Payward, Kraken’s parent company, is teaming up with Singapore Gulf Bank to offer institutional clients in Asia and the Gulf instant, 24/7 settlement for digital-asset trades.
Why it matters
The service is aimed at institutional clients, for whom settlement timing can shape how quickly funds and trading positions are available. Continuous settlement extends that process beyond the operating hours of traditional financial markets.
Market impact
The partnership signals a push to make digital-asset infrastructure more accessible to institutions across the two regions. The announcement does not specify which assets are covered or how the service will operate; its stated offer is instant, round-the-clock settlement for digital-asset trades.
Frequently asked questions
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Which companies are involved in the settlement partnership?
Payward, Kraken’s parent company, is partnering with Singapore Gulf Bank.
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Who is the 24/7 settlement service designed for?
The offer targets institutional clients in Asia and the Gulf.
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What service does the partnership offer?
It offers instant, 24/7 settlement for digital-asset trades.
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How does the service differ from traditional market-hour settlement?
The offer is designed to provide settlement around the clock, beyond traditional financial market hours.
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Does the announcement name the digital assets covered?
No. The announcement describes digital-asset trades but does not specify which assets are included.
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