Singapore Gulf Bank (SGB), a fully licensed financial institution supported by Whampoa Group and Mumtalakat, has announced a new collaboration with BNY. Through this partnership, SGB will join BNY’s correspondent banking network and gain access to its Fixed Income Brokerage platform.
As part of BNY’s correspondent banking ecosystem, SGB enhances its capabilities by incorporating a major U.S. dollar clearing partner into its growing payments and banking infrastructure. This move strengthens the bank’s ability to deliver continuous, real-time settlement services for global corporate clients.
Additionally, SGB will leverage BNY’s Fixed Income Brokerage platform to facilitate trading in money market funds and U.S. Treasury bills. This enables its crypto-focused clients to invest in U.S. government-backed securities, offering a pathway to diversify capital from digital assets into traditional fixed-income instruments.
The partnership represents another milestone in SGB’s vision of creating a streamlined and compliant banking framework that bridges digital and conventional currencies. Its proprietary settlement system, SGB Net, already connects with J.P. Morgan’s Wire 365 to enable fast, round-the-clock USD clearing and settlement. The integration with BNY further strengthens this ecosystem by acting as a secure institutional hub for investing in stable assets such as U.S. Treasuries.
As part of BNY’s correspondent banking ecosystem, SGB enhances its capabilities by incorporating a major U.S. dollar clearing partner into its growing payments and banking infrastructure. This move strengthens the bank’s ability to deliver continuous, real-time settlement services for global corporate clients.
Additionally, SGB will leverage BNY’s Fixed Income Brokerage platform to facilitate trading in money market funds and U.S. Treasury bills. This enables its crypto-focused clients to invest in U.S. government-backed securities, offering a pathway to diversify capital from digital assets into traditional fixed-income instruments.
The partnership represents another milestone in SGB’s vision of creating a streamlined and compliant banking framework that bridges digital and conventional currencies. Its proprietary settlement system, SGB Net, already connects with J.P. Morgan’s Wire 365 to enable fast, round-the-clock USD clearing and settlement. The integration with BNY further strengthens this ecosystem by acting as a secure institutional hub for investing in stable assets such as U.S. Treasuries.