Payward and SGB launch 24/7 settlement
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- Payward and Singapore Gulf Bank launched 24/7 settlement for selected institutional digital asset clients.
- The service initially supports US-dollar transactions across Asia and the Gulf.
- SGB Net processes more than $20 billion in fiat transactions monthly.
Payward, Inc. and Singapore Gulf Bank have launched 24/7 settlement for selected institutional digital asset clients.
The service initially supports US-dollar transactions across selected jurisdictions in Asia and the Gulf region.
“Settlement stops when the business day does, while their markets do not,” Payward Chief Commercial Officer Mark Greenberg said in a statement.
Payward integrated SGB Net, allowing clients to settle transactions instantly at any hour.
“Access to liquidity is only useful if clients can move funds when they need to,” SGB Chief Executive Officer Shawn Chan said in a statement.
SGB Net launched in 2025 and now processes more than $20 billion monthly.
Singapore Gulf Bank will also use Kraken Prime for additional digital asset liquidity.
The partnership expands always-on banking infrastructure for institutional digital asset markets.