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Kraken's parent company Payward has partnered with Gulf Bank of Singapore to provide 24/7 real-time settlement services to institutional clients in Asia and the Gulf region through SGB Net. The service initially supports USD trading and will expand its scope in the future. Singapore Gulf Bank will integrate with Kraken Prime to obtain digital asset liquidity and utilize the Payward market to provide pricing. SGB Net currently processes over $20 billion in fiat transactions per month.