According to Wu, Singapore’s fully licensed digital bank, Gulf Bank (SGB), has launched SGB Net, a real-time multi-currency clearing network designed to support the rising operational needs of digital asset participants. The platform enables free transfers around the clock, without relying on SWIFT or being limited by traditional bank operating hours. SGB Net is attracting all participants in the global digital economy, including crypto assets exchanges, stablecoin issuers, market makers, OTC trading platforms, and prime brokers.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Singapore Bay Bank ( SGB ) has launched SGB Net
According to Wu, Singapore’s fully licensed digital bank, Gulf Bank (SGB), has launched SGB Net, a real-time multi-currency clearing network designed to support the rising operational needs of digital asset participants. The platform enables free transfers around the clock, without relying on SWIFT or being limited by traditional bank operating hours. SGB Net is attracting all participants in the global digital economy, including crypto assets exchanges, stablecoin issuers, market makers, OTC trading platforms, and prime brokers.