Payward and Singapore Gulf Bank Partner for 24/7 Digital Asset Settlement
Payward (Kraken's parent) and Singapore Gulf Bank, a licensed digital bank, have partnered to enable continuous settlement for institutional digital asset trading. The partnership addresses operational friction in crypto market infrastructure by extending settlement windows beyond traditional banking hours.
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What happened
Payward and Singapore Gulf Bank announced a partnership to provide 24/7 settlement capabilities for institutional digital asset markets. SGB is a fully licensed digital bank regulated in Singapore.
Why it matters
Institutional adoption of digital assets has been constrained by settlement timing mismatches—traditional banking operates on fixed schedules while crypto markets trade continuously. This partnership removes a key operational barrier by enabling real-time or near-continuous settlement, reducing counterparty risk windows and improving capital efficiency for institutional participants.
Market transmission
First-order: reduced settlement friction and operational risk for institutional traders, potentially increasing trading volumes and AUM in digital asset platforms. Second-order: competitive pressure on traditional custodians and settlement providers; potential margin compression if adoption accelerates; improved risk metrics may lower cost of capital for regulated crypto infrastructure providers.
What to watch
Adoption metrics from institutional clients; settlement volumes and transaction counts; competitive responses from traditional custodians (BNY Mellon, Fidelity) or other crypto infrastructure providers; regulatory clarity on SGB's operational scope; whether this expands to other geographies or asset classes.
Source:PR Newswire
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