According to PANews, Singapore Gulf Bank (SGB) has launched SGB Net, a real-time multi-currency clearing network that supports free transfers around the clock without relying on SWIFT or being limited by traditional banking hours.
SGB Net integrates global digital economy participants, including cryptocurrency exchanges, stablecoin issuers, market makers, over-the-counter trading platforms, and prime brokers, to build a unified digital financial network.
SGB is the first fully licensed digital bank in the Middle East and North Africa region, serving global investors, facilitating the connection between digital finance and traditional finance, and establishing financial connectivity between Asia and the Middle East and North Africa.