Fireblocks, an enterprise platform for secure digital asset custody, settlement, trading operations, and stablecoin payments, today announced that Singapore Gulf Bank (SGB), a fully licensed digital wholesale bank regulated by the Central Bank of Bahrain, will leverage Fireblocks’ digital asset infrastructure to support secure treasury management and digital asset custody, including executing day-to-day treasury operations with automated workflows, as well as optimizing liquidity across multiple accounts and venues. Over time, SGB plans to expand its digital asset capabilities by using Fireblocks for on- and off-ramps and stablecoin issuance, unlocking additional opportunities for clients in the markets it services.
SGB—founded by the privately-held Singaporean investment firm, Whampoa Group, and backed by the sovereign wealth fund of the Kingdom of Bahrain, Mumtalakat—supports global corporate and retail clients by bridging traditional financial services and the rapidly growing digital asset economy through a unified banking solution to manage conventional and digital assets, as well as support seamless transactions between fiat and cryptocurrencies. It sought a trusted infrastructure provider capable of delivering secure digital asset solutions while meeting rigorous regulatory requirements.
By integrating Fireblocks, SGB gains access to a secure, scalable platform, allowing it to launch and grow its digital asset offerings, simplify operations, strengthen compliance, and deliver a seamless experience for its crypto-native clients—reinforcing its role as a vital link between mainstream financial services and the rapidly advancing digital asset economy.
SGB clients will benefit from institutional-grade wallet protection: Fireblocks’ digital asset platform combines Multi-Party Computation (MPC) cryptography with secure hardware to provide multi-layered, battle-tested security. This safeguards against attacks, collusion, and human error, enabling SGB to scale its digital asset operations securely.
Shawn Chan, CEO of Singapore Gulf Bank, said, “We [Singapore Gulf Bank] 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 like crypto treasury, on- and off-ramps, and stablecoin transactions. This helps in supporting trading firms, exchanges, and payment providers with the type of banking experience they need to operate in a regulated environment.”
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