Overview
- Payward and Singapore Gulf Bank announced the tie-up on October 5, 2026, connecting Payward’s trading and prime-brokerage infrastructure to SGB Net so qualifying clients can settle fiat any hour of the day.
- The initial service is limited to US dollar settlement for a select group of institutional clients in Asia and the Gulf and will be rolled out in phases with further clients and currencies planned later.
- Singapore Gulf Bank will onboard Kraken Prime as an additional liquidity source and will draw on Payward’s markets to price trades for its customers over the coming months.
- Public statements about SGB Net’s scale differ: the companies say the network processes more than $20 billion in fiat monthly while independent reporting has cited about $2 billion, a discrepancy that leaves near-term capacity unclear.
- The move addresses the mismatch between 24/7 crypto trading and traditional bank hours by letting institutions fund or withdraw positions instantly, and observers should watch for new client announcements, added currencies, and any jurisdictional or regulatory limits.