According to the Gate.io News bot, as reported by Wu, Singapore's Gulf Bank (SGB) has officially launched the real-time multi-currency clearing network SGB Net. As a fully licensed Digital Bank, SGB offers users 24/7 free transfer services through this platform, freeing them from the limitations of the SWIFT system and traditional banking hours. SGB Net is open to global participants in the digital economy, serving cryptocurrency exchanges, stablecoin issuers, market makers, over-the-counter trading platforms, and prime brokers.

Singapore Gulf Bank (SGB) has launched personal banking services, supported by Bahrain Mumtalakat and Singapore Huayu Group, and is the only regulated bank in the Middle East and North Africa region to offer remote digital account opening services. SGB provides comprehensive payment solutions, including traditional and digital asset investment channels, aimed at global digital economy participants. Currently, only invited users can apply.

gate News bot message, Singapore Gulf Bank ( Singapore Gulf Bank, SGB ) officially launches personal banking services. This service is specifically aimed at crypto assets native customers and clients interested in crypto assets, aiming to bridge the gap between digital finance and TradFi. SGB offers various payment methods such as wire transfer, bank card, and encryption channels, and supports multiple foreign exchange transactions to provide international payment services to customers. The bank is backed by the Bahrain Sovereign Wealth Fund Mumtalakat and the Singapore private investment group Hutchison Whampoa.

Singapore Digital Bank SGB has appointed Ali AlShamma and Elaine Leong as its Chief Financial Officer and Chief Operating Officer to strengthen its interaction between digital finance and TradFi. SGB will be launched in November 2024. SGB has received support from Bahrain's sovereign wealth fund Mumtalakat and Singaporean private investment firm Whampoa Group, and is the first fully licensed Digital Bank in Bahrain, aiming to promote financial interconnectedness in the Asia and Middle East North Africa regions.