Kraken Operator Payward Partners With Singapore Gulf Bank for Institutional Crypto Settlement

WHY IT MATTERS

When you buy or sell something in traditional finance, the actual transfer of money and assets between parties — called "settlement" — often does not happen instantly. It can take a day or more. Cryptocurrency markets, however, run 24 hours a day, seven days a week. This creates a mismatch for large financial institutions that want to trade crypto but are used to systems that only work during business hours. Think of it like a store that is open all day but whose cash register only processes transactions during certain hours. This partnership between Kraken's parent company and a Singapore-based bank aims to build infrastructure so that institutional investors can settle their crypto trades at any time, which could make it easier for larger players to participate in crypto markets.