Kraken parent partners Singapore Gulf Bank for 24/7 dollar settlement

The notable element is the pairing of 24/7 settlement with a Gulf-Asia corridor, where dollar clearing has traditionally run on banking hours and correspondent chains. That matters less for retail than for institutions moving size between two regions in different time zones, for whom instant settlement compresses the window in which capital sits idle or exposed. Whether this becomes a template other banks in the region copy, and how broadly access is extended beyond select institutions, is the open question.