Gulf Bank Singapore partners with Fireblocks to develop digital asset infrastructure.

TapChiBitcoin

2025-11-05 10:12:35

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Singapore Gulf Bank (SGB), licensed and regulated by the Central Bank of Bahrain, has partnered with Fireblocks to develop digital asset infrastructure for treasury management and custody. Founded by Whampoa Group (Singapore) and backed by Bahrain's Mumtalakat fund, SGB aims to connect traditional finance with the cryptocurrency economy.

This collaboration helps SGB automate asset management processes, optimize liquidity, and develop services such as on/off-ramp, stablecoin issuance, and digital asset custody. Fireblocks provides enterprise-grade security infrastructure, using multi-party computation technology (MPC) to protect customer wallets.

SGB has also launched SGB Net – a multi-currency payment network for digital asset companies – and partnered with Binance Bahrain to implement direct USD remittance services, helping customers quickly convert between fiat currency and digital assets.

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