Singapore Gulf Bank Launches Regulated Fiat-Stablecoin Network for Asia and GCC

Singapore Gulf Bank Launches Regulated Fiat-Stablecoin Network for Asia and GCC

Singapore Gulf Bank (SGB), the digital wholesale financial institution regulated by the Central Bank of Bahrain, has launched a stablecoin interoperability network designed to bridge the hole between conventional fiat banking and the digital asset economic system.

The service represents a big upgrade to SGB Net, the financial institution’s proprietary real-time clearing network. The new functionality permits institutional purchasers to mint, convert, and settle main stablecoins—including USDC and USDT—immediately against fiat forex within a single, regulated banking setting.

The financial institution claims this is a “first-of-its-kind” platform for the GCC and Asian markets, addressing the fragmentation that often plagues institutional digital asset transactions. By consolidating these features, SGB goals to eradicate the want for a number of intermediaries, permitting for close to real-time settlement and simplified treasury workflows.

The network upgrade helps transactions on major blockchains including Solana, Ethereum, and Arbitrum. Security for digital asset custody and transactions is underpinned by a partnership with Fireblocks, which the financial institution formalized in November 2025.

Shawn Chan, chief government officer of SGB, commented: “Our ambition is to become the one bank for all of finance. Stablecoins have become the working capital of the digital asset economy, yet managing them remains unnecessarily complex. This upgrade to SGB Net positions SGB as the default bank for managing fiat and multiple stablecoins within a single, regulated infrastructure.”

Rapid progress

The launch comes amidst a interval of speedy expansion for the financial institution, which is backed by Whampoa Group and Mumtalakat (the sovereign wealth fund of Bahrain). SGB Net presently processes in extra of $2billion in month-to-month fiat transaction quantity, with the financial institution reporting a mean month-on-month progress price of 92.64 per cent.

The new stablecoin capabilities are scheduled to open for entry in Q1 2026. The transfer follows the financial institution’s rollout of company banking companies in late 2024 and the preliminary launch of SGB Net in May 2025.

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