Kraken's parent company Payward collaborates with Singapore's Bay Bank to provide institutional digital asset settlement 24/7

According to The Block, Kraken's parent company Payward has partnered with Singapore Gulf Bank to provide 24/7 settlement services for institutional digital asset clients.

Payward stated that it has connected to the bank's real-time multi-currency clearing network SGB Net. Initially, this settlement service will offer USD transaction settlements to select clients, with plans to expand to more currencies in the future.