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Project Overview
SGB(（Singapore Gulf Bank）) is a digital bank licensed in Bahrain serving global investors, innovators and institutions. Geared towards the new economy, SGB offers a one-stop solution for comprehensive banking, payment and custody solutions. SGB looks to bridge conventional and digital assets and provide financial connectivity between Asia and the MENA region. SGB is operated by the Whampoa Group of Singapore.
Event-related news
Kraken parent company Payward partners with Singapore Gulf Bank to launch institutional-grade 24/7 digital asset settlement service
According to The Block, Kraken's parent company Payward has announced a partnership with Singapore Gulf Bank (SGB). By integrating the bank's real-time multi-currency clearing network, SGB Net, it will provide 24/7 settlement services for institutional digital asset clients. The service will initially be available to a select group of clients, starting with USD trading, before gradually expanding to additional currencies.
Singapore BayBank Launches Stablecoin Minting and Redemption Service to Support Instant Cross-Border Settlement for Enterprises
According to an official announcement, Singapore Gulf Bank (SGB) launched stablecoin minting and redemption services on April 17. Enterprises and high-net-worth individuals can now directly convert between fiat currency and stablecoins via their SGB accounts, enabling 24/7 instant settlement without relying on traditional correspondent banking processes. This service is integrated into SGB’s proprietary clearing network, SGB Net, supporting seamless on-chain and off-chain fund flows. USDC is the first stablecoin supported, with a minimum transaction amount of USD 100,000; support for USDT, USDe (Ethena), and Global Dollar (USDG) will be rolled out subsequently.
Related news
Kraken parent company Payward partners with Singapore Gulf Bank to launch institutional-grade 24/7 digital asset settlement service
According to The Block, Kraken's parent company Payward has announced a partnership with Singapore Gulf Bank (SGB). By integrating the bank's real-time multi-currency clearing network, SGB Net, it will provide 24/7 settlement services for institutional digital asset clients. The service will initially be available to a select group of clients, starting with USD trading, before gradually expanding to additional currencies.
Singapore BayBank Launches Stablecoin Minting and Redemption Service to Support Instant Cross-Border Settlement for Enterprises
According to an official announcement, Singapore Gulf Bank (SGB) launched stablecoin minting and redemption services on April 17. Enterprises and high-net-worth individuals can now directly convert between fiat currency and stablecoins via their SGB accounts, enabling 24/7 instant settlement without relying on traditional correspondent banking processes. This service is integrated into SGB’s proprietary clearing network, SGB Net, supporting seamless on-chain and off-chain fund flows. USDC is the first stablecoin supported, with a minimum transaction amount of USD 100,000; support for USDT, USDe (Ethena), and Global Dollar (USDG) will be rolled out subsequently.