Payward Partners with Singapore Gulf Bank to Enable Real-Time Settlement for Institutional Digital Asset Markets
Payward has partnered with Singapore Gulf Bank (SGB) to integrate SGB Net, a real-time clearing network that allows institutional clients in Asia and the Gulf region to settle digital asset transactions instantly at any time. This collaboration enables faster access to liquidity by allowing funds deposited with Payward to be used immediately for trading or other activities. The initial offering supports US dollar settlements for select clients, with plans to expand further. SGB is also onboarding Kraken Prime as a source of digital asset liquidity and will use Payward's markets to price trades for its customers in the coming months. SGB Net has already processed over $20 billion monthly in fiat transactions since launching in 2025, supported by Bahrain’s Mumtalakat sovereign wealth fund and Singapore-based Whampoa Group. The partnership aims to modernize settlement infrastructure as digital asset markets continue operating around the clock while traditional banking systems often lag. Payward is enhancing its financial platform to support seamless cross-border payments and broader access to global services through regulated bank partnerships.
Topics: digital_assets institutional_trading real-time_settlement