According to Wu Blockchain, Payward, the parent company of Kraken, and Singapore Gulf Bank (SGB), a digital bank regulated by the Central Bank of Bahrain, have announced a strategic partnership. 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, this service will support USD transactions for a select group of clients, with plans to expand to more clients and additional currencies. SGB will also connect to Payward's Kraken Prime to access digital asset liquidity and price trades for its clients.