Last updated on November 18th, 2025 at 03:44 pm
Quick Breakdown
- Singapore Gulf Bank partners with Fireblocks to build secure wallet infrastructure for digital asset custody and treasury operations.
- Integration enables crypto treasury, on/off-ramps, and stablecoin payments under Bahrain’s regulatory framework.
- Partnership strengthens SGB’s goal to bridge traditional banking with institutional-grade digital asset services.
Singapore Gulf Bank (SGB) has selected Fireblocks to power its core digital asset wallet infrastructure, marking a major step in its long-term strategy to serve institutional players entering crypto finance.
Fireblocks x Singapore Gulf Bank (@SGB_app).
Secure digital banking, reimagined.
SGB is going live with Fireblocks to power secure wallets, automate crypto treasury, and build the future of regulated stablecoin infrastructure.
Read more about this announcement 🧵👇 pic.twitter.com/YiWvlX9tcu
— Fireblocks (@FireblocksHQ) November 4, 2025
Bank integrates MPC wallet security and automated treasury tools
SGB will use Fireblocks’ enterprise custody and settlement platform to manage its digital asset operations, including secure wallet management, daily treasury flows, automated transaction workflows, and liquidity optimization across multiple accounts and venues.
The integration provides SGB with Fireblocks’ multi-layer MPC security and hardware isolation, enabling the bank to scale its crypto services while meeting strict regulatory demands.
The bank, founded by Whampoa Group and backed by Bahrain’s sovereign wealth fund Mumtalakat, aims to bridge traditional banking with the digital asset economy. With Fireblocks’ infrastructure, SGB plans to expand beyond custody into on- and off-ramp services and eventually stablecoin issuance—positioning the bank as a regulated gateway for firms operating globally.
Supporting institutional crypto transfers and stablecoin payments
The partnership also gives SGB access to the Fireblocks Network, a global settlement layer supporting thousands of fintechs, PSPs, exchanges, and trading desks. This network will allow SGB clients—including market makers, payment providers and crypto exchanges—to conduct secure on-chain transfers, stablecoin settlements, and cross-border treasury operations through a unified interface.
SGB is part of the first group of institutions participating in Fireblocks’ new Payments Network, enabling real-time crypto and fiat payment orchestration for remittances, merchant settlements, and global treasury flows.
The collaboration comes months after SGB launched SGB Net, its real-time multi-currency clearing system designed for digital asset firms. Together, Fireblocks and SGB aim to create a secure, integrated, and regulated financial network that supports institutional adoption of crypto and stablecoin payment rails.
In a related development, Fireblocks and Circle have announced a strategic collaboration to accelerate the adoption of stablecoins among global financial institutions. The partnership combines Circle’s USDC network with Fireblocks’ custody, tokenization, and payments infrastructure, placing both companies at the forefront of the next wave of blockchain-based finance.
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