Kraken operator Payward and Singapore Gulf Bank platform for 24/7 institutional crypto settlement

What happened

Payward has integrated SGB Net, the Bahrain-regulated bank’s real-time clearing network, allowing those clients to settle transactions instantly. A consortium including JPMorgan Chase, Bank of America and Barclays plans to launch a tokenized (representing an asset as a tradable entry on a blockchain) deposit network operated by The Clearing House in the first half of 2027, enabling 24/7 settlement.

In Japan, Circle and Nomura reportedly partnered to offer companies instant foreign exchange settlement from 2027. 21, the Bank of Korea unveiled a pilot project to let foreign investors settle won transactions outside regular banking hours.

The companies plan to expand the service to more clients and currencies, according to a Monday press release . Banks and financial firms are developing similar services to speed up settlement and extend it beyond business hours.

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