Singapore’s SGB Taps Fireblocks for its Digital Asset Wallet Infrastructure
Singapore Gulf Bank (SGB), a fully licensed digital wholesale bank regulated by the Central Bank of Bahrain, has selected Fireblocks to power its digital asset wallet infrastructure and strengthen its treasury and custody capabilities. The partnership marks a major advancement in how regulated institutions bridge traditional and digital finance, combining SGB’s unified banking platform with Fireblocks’ enterprise-grade digital asset technology.
Through the integration, SGB will leverage Fireblocks’ secure infrastructure for treasury management, digital asset custody, and liquidity optimization across multiple accounts and venues. The implementation will automate core treasury workflows, enhance compliance, and enable seamless on- and off-ramps between fiat and cryptocurrencies. Over time, SGB plans to use Fireblocks to support stablecoin issuance and global payments for institutional and retail clients.
“We exist to make regulated banking work for the digital asset economy,” said Shawn Chan, CEO of Singapore Gulf Bank. “By using Fireblocks, we’re able to automate processes, reduce operational risk, and most significantly offer clients quicker, securer treasury, on- and off-ramps, and stablecoin transactions.”
Takeaway
Building Secure Foundations for the Digital Asset Economy
Founded by Singapore-based Whampoa Group and backed by Bahrain’s sovereign wealth fund, Mumtalakat, Singapore Gulf Bank provides a unified platform that bridges conventional infrastructure. The partnership with Fireblocks reflects SGB’s commitment to delivering secure, scalable, and regulatory-compliant answers for businesses and investors transacting across fiat and blockchain ecosystems.
Fireblocks’ platform combines Multi-Party Computation (MPC) cryptography with secure hardware modules, offering multi-layered , collusion, and operational errors. This ensures institutional-grade wallet protection for SGB and its clients while maintaining seamless scalability as the bank expands its crypto service offerings.
“With Fireblocks’ enterprise-grade infrastructure, SGB is well positioned to streamline operations, mitigate risk, and enable real-time as demand accelerates,” said Stephen Richardson, Chief Strategy Officer and Head of Banking at Fireblocks.
Takeaway
Driving Real-Time Payments and On-Chain Financial Services
The integration also provides SGB with access to the Fireblocks Network—a global ecosystem trusted by more than 2,400 financial institutions, fintechs, and payment providers. The network facilitates secure on-chain asset transfers, stablecoin payments, and institutional crypto trading across 120+ blockchains, enabling real-time settlement and liquidity management.
SGB joins the first wave of institutions supporting the Fireblocks Network for Payments, a answer that enables cross-border treasury, remittance, and merchant settlements across both fiat and blockchain rails. This move follows the launch of SGB Net in May 2025, the bank’s proprietary multi-currency clearing network built to meet the operational needs of digital asset firms such as platforms, stablecoin issuers, and OTC desks.
By adopting Fireblocks’ technology, Singapore Gulf Bank reinforces its role as a trusted bridge between mainstream finance and decentralized systems—empowering clients to manage liquidity, execute transactions, and access stablecoin infrastructure through a unified, regulated environment.
Takeaway
