Singapore Gulf Bank has officially launched SGB Net, a real-time network that clears multi-currency transactions for digital asset and crypto firms.
This powerful platform allows users to transfer money instantly across borders without waiting for banking hours or using the traditional SWIFT system.
SGB Net supports digital businesses by removing delays and enabling fast, efficient transactions every hour of the day.
The bank created SGB Net to mitigate typical challenges such as slow settlement and high-fee problems associated with global financial operations.
Crypto exchanges, stablecoin issuers, prime brokers, and OTC desks can be members of this network. Such users achieve real-time settlement of transactions, thereby making it possible to deal with global financial activity without additional costs or delays.
SGB Net offers numerous digital business tools, including treasury management, payroll processing, and vendor payment automation.
SGB Net also offers clients access to liquidity in the form of trusted partner providers with competitive spreads. API-supported businesses can seamlessly switch between fiat and crypto, giving them flexibility and rapid response to market needs.
Corporate clients automate payroll, payments, and treasury operations via the API system of the platform. The institutional-quality OTC trade is enjoyed by such clients with instant settlement in fiat due to the leading liquidity providers linked to SGB Net.
Stablecoin issuers and market makers achieve access to liquidity much faster via direct connections to the network.
New SGB services enhance Crypto financial workflows
However, the bank’s offshoring regulatory structure enables businesses to access new markets that they previously did not have access to with digital banking.
As trade volatility escalates, SGB Net enables businesses to steer clear of conventional FX charges and exposure by transferring funds without going through intermediary banks.
Instant access ensures businesses enjoy uninterrupted liquidity, even in volatile global economic climates.
SGB intends to launch additional services such as named sub-accounts, off-exchange settlement, and triparty services to advance financial workflows.
The features will facilitate institutions that leverage crypto, tokenized assets, and fiat currencies and still have complete custody of their holdings.
The platform is attracting the interest of top exchanges and institutions thanks to its security, regulatory certainty, and around-the-clock service.
Nonetheless, SGB Net has built a secure infrastructure for digital assets that enables smoother integration to markets internationally with less friction and greater efficiency.
