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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.
Singapore Gulf Bank Launches USD to USDT and USDC Exchange Feature
Singapore Gulf Bank (SGB) has announced support for direct conversion services between USD and USDT and USDC. Users can complete two-way conversions between the US dollar and these stablecoins within their bank accounts, with support for deposits and withdrawals to self-custody or custodial wallets. The service provides 24-hour trading support from Monday to Friday.
Singapore Gulf Bank adopts BNY's 24/7 USD settlement service, covering weekends and U.S. public holidays
Odaily News: Singapore Gulf Bank has adopted BNY's 24/7 USD ledger transfer service, allowing eligible corporate and retail clients to settle qualifying USD payments on weekends and U.S. public holidays.The service supports account funding, corporate payables, and time-sensitive cross-border cash management transactions, with USD able to be settled at any time between eligible accounts held directly at BNY or through correspondent banks connected to the network. Singapore Gulf Bank stated that it is among the first financial institutions globally to adopt the system.Bana Akkad Azhari, BNY's Head of Global Payments and Trade for EMEA, said that round-the-clock USD settlement can enhance institutions' flexibility in liquidity management and meeting urgent financial obligations. The service is only available to eligible institutions and accounts and does not replicate permissionless blockchain settlement models. (Bitcoin.com 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
Singapore Gulf Bank Launches USD to USDT and USDC Exchange Feature
Singapore Gulf Bank (SGB) has announced support for direct conversion services between USD and USDT and USDC. Users can complete two-way conversions between the US dollar and these stablecoins within their bank accounts, with support for deposits and withdrawals to self-custody or custodial wallets. The service provides 24-hour trading support from Monday to Friday.
Singapore Gulf Bank adopts BNY's 24/7 USD settlement service, covering weekends and U.S. public holidays
Odaily News: Singapore Gulf Bank has adopted BNY's 24/7 USD ledger transfer service, allowing eligible corporate and retail clients to settle qualifying USD payments on weekends and U.S. public holidays.The service supports account funding, corporate payables, and time-sensitive cross-border cash management transactions, with USD able to be settled at any time between eligible accounts held directly at BNY or through correspondent banks connected to the network. Singapore Gulf Bank stated that it is among the first financial institutions globally to adopt the system.Bana Akkad Azhari, BNY's Head of Global Payments and Trade for EMEA, said that round-the-clock USD settlement can enhance institutions' flexibility in liquidity management and meeting urgent financial obligations. The service is only available to eligible institutions and accounts and does not replicate permissionless blockchain settlement models. (Bitcoin.com 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.