Singapore Gulf Bank adds 24/7 USD transfers through BNY partnership
Image: Crypto.newsSingapore Gulf Bank has joined BNY's 24/7 USD Book Transfers network. The service lets eligible corporate and retail clients move dollars at any hour, including weekends and U.S. holidays. The bank's SGB Net platform processes over $20 billion in monthly fiat transactions. Ali Moosa highlighted the need for continuous payments across time zones. Payward, Kraken's parent, also linked to SGB Net to provide instant settlement for selected institutional customers in Asia and the Gulf.
Key points
- Singapore Gulf Bank uses BNY's 24/7 USD Book Transfers for eligible transfers at any hour.
- Service is available to corporate and retail clients during weekends and U.S. public holidays.
- SGB Net processes more than $20 billion in monthly fiat transactions.
- Ali Moosa said the service meets client needs across markets and time zones.
- Payward linked to SGB Net to give instant dollar settlement for selected institutional clients in Asia and the Gulf.
Why it matters
Continuous USD settlement lets crypto traders and institutions move funds without banking hour delays, supporting instant digital‑asset transactions and improving liquidity across Asian and Gulf markets.
Sources · 2 publishers
Crypto.news
Tier 2
Singapore Gulf Bank expands 24/7 USD payments through BNY
Coverage timeline
- First reported by CoinGape
- Confirmed by Crypto.news
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
