Wu said that Singapore Gulf Bank (SGB), which holds a full license, has launched SGB Net, a real-time multi-currency clearing network designed to support the growing operational needs of digital asset participants. The platform supports free transfers around the clock, without relying on SWIFT or being limited by traditional bank operating hours. SGB Net is attracting all participants in the global digital economy, including cryptocurrency exchanges, stablecoin issuers, market makers, over-the-counter trading platforms, and prime brokers.