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Singapore Gulf Bank Partners With Fireblocks for Digital Asset Infrastructure

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Singapore Gulf Bank (SGB), a licensed digital wholesale financial institution regulated by the Central Bank of Bahrain, introduced it has partnered with Fireblocks to help its digital asset infrastructure for treasury administration and custody.

The financial institution believes this partnership will place it as one of many few regulated banks within the Middle East bridging conventional finance with the fast-growing digital asset economic system.

Building the Infrastructure for Regulated Digital Banking

Founded by Singapore-based Whampoa Group and backed by Bahrain’s sovereign wealth fund, Mumtalakat, Singapore Gulf Bank serves each company and retail shoppers wanting for safe, compliant entry to digital property.

The partnership with Fireblocks permits SGB to combine automated workflows for treasury operations, liquidity optimization, and digital asset custody — crucial parts for safely scaling a financial institution’s publicity to crypto and tokenized property.

In the longer term, SGB stated it plans to make use of Fireblocks’ platform for on- and off-ramps, stablecoin issuance, and different blockchain-based companies, serving to shoppers transfer between fiat and digital property with larger effectivity.

Institutional-Grade Security for Digital Assets

By adopting Fireblocks’ enterprise-grade infrastructure, SGB beneficial properties entry to a safe, scalable system constructed on Multi-Party Computation (MPC) cryptography and safe {hardware} modules.

This know-how protects consumer wallets in opposition to exterior assaults, insider threats, and operational errors — a vital benefit for banks getting into the digital asset house.

“SGB exists to make regulated banking work for the digital asset economic system,” stated Shawn Chan, CEO of Singapore Gulf Bank. “By utilizing Fireblocks, we’re in a position to automate processes, scale back operational threat, and provide shoppers sooner, safer entry to companies resembling crypto treasury, on- and off-ramps, and stablecoin transactions.”

Connecting to the Global Fireblocks Network

The Fireblocks community permits safe on-chain asset transfers, stablecoin funds, and world settlements throughout blockchain and fiat rails, giving SGB shoppers streamlined entry to institutional liquidity and cross-border transaction capabilities.

Stephen Richardson, Chief Strategy Officer and Head of Banking at Fireblocks, stated, “With Fireblocks’ enterprise-grade infrastructure, SGB is nicely positioned to streamline operations, mitigate threat, and allow real-time on-chain monetary companies as demand accelerates.”

Driving the Next Phase of Digital Finance

The announcement follows the launch of SGB Net in May 2025, a real-time, multi-currency clearing community for digital asset companies.

Recently Binance Bahrain joined forces with SGB to introduce a direct U.S. greenback switch service tailor-made for retail prospects. According to the financial institution, this initiative seeks to simplify the motion of funds between conventional banking programs and digital property, marking a significant milestone for monetary improvement within the Gulf area.

The service permits retail prospects to hyperlink their SGB financial institution accounts on to Binance Bahrain, depositing or withdrawing U.S. {dollars} in seconds and changing fiat into crypto inside a single, compliant movement.

The submit Singapore Gulf Bank Partners With Fireblocks for Digital Asset Infrastructure appeared first on Cryptonews.

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