Singapore Gulf Bank (SGB) has announced its collaboration with Fireblocks to bolster its digital asset infrastructure. This partnership will enable SGB, a digital wholesale bank regulated by the Central Bank of Bahrain, to enhance its treasury management and digital asset custody. By integrating Fireblocks’ secure platform, SGB aims to streamline operations and optimise liquidity across various accounts and venues.
Founded by Whampoa Group and backed by Bahrain’s Mumtalakat, SGB bridges traditional financial services with the digital asset economy. The bank sought a reliable infrastructure provider to meet stringent regulatory standards whilst expanding its digital asset capabilities. Fireblocks’ platform, known for its Multi-Party Computation (MPC) cryptography, offers multi-layered security against attacks and human error, allowing SGB to scale its operations securely.
Shawn Chan, CEO of SGB, stated, “We exist to make regulated banking work for the digital asset economy. By using Fireblocks, we’re able to automate processes, reduce operational risk, and most importantly offer clients faster, safer access to digital asset services.”
The integration also grants SGB access to the Fireblocks Network, a leading digital asset network trusted by over 2,400 fintechs and financial institutions. This network facilitates secure stablecoin payments and efficient crypto trading, enhancing SGB’s connectivity and service offerings.
This development follows the launch of SGB Net in May 2025, a multi-currency clearing network designed for digital asset firms. Together, Fireblocks and SGB are creating a more integrated financial network, enabling institutions to access digital assets with improved security and efficiency.
