Techub News message: Kraken’s parent company, Payward, has reached a strategic partnership with Singapore’s Gulf Bank (SGB), a digital bank regulated by the Central Bank of Bahrain. Payward has integrated SGB’s real-time multi-currency clearing network, SGB Net, to provide 24/7 instant settlement services for institutional clients in specific jurisdictions across Asia and the Gulf region. Initially, it will support selected clients’ USD transactions, with plans to gradually expand its client base and support additional currencies. SGB will also integrate Payward’s Kraken Prime to access digital-asset liquidity and to price transactions for its own clients. (Wu Shuo Blockchain)
