Kraken’s Parent Company and Singapore Gulf Bank Launch 24/7 Settlement Service
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Kraken's parent integrates with Singapore Gulf Bank for 24/7 settlements. Payward, the parent company of the Kraken exchange, has announced an integration with SGB Net, the payment network of Singapore Gulf Bank (a digital bank licensed by the Central Bank of Bahrain), to enable instant settlements around the clock. Initially, the service is available to a limited number of institutional clients in Asia and the Gulf countries for transactions in US dollars. The parties plan to add other currencies and expand coverage later. The bank will connect Kraken Prime as an additional source of liquidity for digital asset transactions. Follow ForkLog on social media
