Singapore's Gulf Bank Launches SGBNet, a Real-Time Multi-Currency Clearing Platform for the Digital Asset Economy
2025-05-02 10:48:58
On May 2, Singapore's Gulf Bank (SGB), a fully licensed digital bank, launched SGBNet, a real-time multi-currency clearing network designed to meet the growing operational needs of digital asset participants. The platform supports free money transfers 24/7 without relying on SWIFT or being restricted by traditional bank business hours. To create an integrated digital financial network, SGBNet is incorporating all players in the global digital economy, including cryptocurrency exchanges, stablecoin issuers, market makers, over the platform counters, and prime brokers. SGB is the first fully licensed digital bank in the Middle East and North Africa (MENA) region, serving global investors, innovators and institutions focused on the digital economy, empowering seamless connectivity between digital and traditional finance, and building financial connectivity between Asia and the Middle East and North Africa (MENA) region.
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