Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Singapore Gulf Bank Strengthens Global Ambitions, Launches Cutting-Edge Payment Network
By: blockhead co|2025/05/07 13:00:02
0
Share
Singapore Gulf Bank (SGB), a fully licensed digital bank in the MENA region, is making significant strides in its global expansion strategy with the formation of a star-studded global advisory board and the launch of its innovative real-time, multi-currency clearing network, SGB Net. On Tuesday, SGB announced the appointment of former U.S. Federal Reserve Vice Chair Randal Quarles as vice chairman of its newly established global advisory board. The board will be chaired by Amy Lee, founder of Whampoa Group, a key backer of SGB alongside Bahrain's sovereign wealth fund Mumtalakat. Randal Quarles (Image: Wikicommons)The board boasts an impressive roster of members, including Fan Min, co-founder of China's largest online travel agency Ctrip; Louis Cheung, founding CEO of Boyu Capital; Shaikh Mohamed Khalifa Al Khalifa, CEO of Beyon Digital; Wu Jihan, chairman of Matrixport; and Fan Yurong, president of the Jiangsu General Chamber of Commerce. This diverse and influential group will provide guidance as SGB expands its reach and services globally, the bank said.This announcement follows the 1 May launch of SGB Net, a payment network designed to cater to the unique operational needs of digital asset participants. SGB Net offers instant, free transfers around the clock, eliminating the traditional constraints of SWIFT and banking hours.SGB Net's key features include zero transaction fees, real-time settlements, and comprehensive banking services tailored for the digital economy, such as treasury, payroll, and vendor payout automation. The network also enhances capital efficiency by providing access to liquidity through SGB Net partner providers at institutional-grade spreads, API-enabled fiat-crypto on/off ramps, and 24/7/365 direct settlements. Beyond payments, SGB Net facilitates a range of real-world applications for corporate clients, including automated treasury and payroll management, institutional-grade OTC trading with instant fiat settlements, and accelerated liquidity across key counterparties. The platform also extends clients' market reach by leveraging SGB's regulatory offshore onboarding capabilities to serve previously underserved markets, reducing FX costs and geopolitical exposure in the face of rising trade uncertainties. Stay ahead of the curve. Join the Blockhead community on Telegram @blockheadco
You may also like
DeFi is trapped in the most dangerous prisoner's dilemma in history
This incident has returned to the classic dilemma of cryptography: pragmatic security vs completely decentralized security.
Exclusive Interview with Jeff Hoffman: How Web3 and AI are Reshaping the Trillion-Dollar Social Travel Market
The most valuable platforms will not only be aggregators of suppliers, but they will also have relational networks around payments, loyalty, and communities.
After the KelpDAO hack, AAVE's situation is worse than you think
October 10 is the CEX-driven collapse, an epic failure in DeFi risk mitigation.
Atkins Marks One-Year Anniversary at SEC: Crypto Regulation Shifts from ‘Enforcement Heavy’ to ‘Rulemaking Mode’
Before the bill is passed, the SEC's cryptocurrency regulatory framework remains in a transition state of "administrative guidance + enforcement actions."
Under Political Pressure, Is the Federal Reserve Still Independent?
Powell believes that political pressure is not a threat, and what truly determines the Fed's independence is the Fed itself.
Yellen's Past Remarks: How Will This Incoming "Fed Chair" Disrupt the Federal Reserve? Janet Yellen, who is expected to become the next Chair of the Federal Reserve, has made several significant statements in the past regarding monetary policy, financ...
Powell's reform blueprint not only looks bold and ambitious, but also directly targets many vulnerabilities of the Federal Reserve. Facing the upcoming Senate confirmation hearing, how will this Fed's presumptive new "helmsman" reshape the future of the world's largest central bank?
ZachXBT vs. RAVE: Is a “Clean” Market Really What Speculators Want?
While cleaning up manipulation, it may also involve cleaning up liquidity
Arbitrum Poses as Hacker, 'Steals' Back Money Lost by KelpDAO
Even though Arbitrum wielded the admin key, the battle is far from over.
Without Cook's Apple, Can it Still Grow in the AI Era?
The iPhone Remains at its Peak, But Apple is at a Turning Point
Saylor's Bitcoin Holdings Surpass BlackRock, How Does This "Bitcoin Financing Machine" STRC Work?
Funding Cap is not equal to Execution Path; whether Bitcoin can cooperate is the true variable.
What Is RWA? What Is RWA in Crypto (Complete 2026 Guide)
Wondering what is RWA in crypto? We explain what RWA is, break down RWA tokenization in simple no-jargon terms, and cover why it's 2026's hottest crypto narrative.
What Is the KelpDAO Attack? What It Means for Aave Users in 2026
KelpDAO suffered a $292M rsETH exploit on April 18, 2026, triggering Aave market freezes and $13B DeFi outflows. Here’s what happened, whether Aave is safe now, and what users should do next.
Is your gold really "within reach"? The geographical blind spots of custodial services behind tokenized gold
When "complete physical support" does not equal "truly desirable," the risks are just beginning to emerge.
Cook Passes the Baton, Anthropic Gears Up | Rewire News Morning Brief
In the window of AI reshaping the hardware landscape, Apple has chosen a Maker
Will the Fed Cut Interest Rates Again? Tonight's Data Is Key
Citi believes geopolitical turbulence is temporary and the rate cut trajectory remains unchanged. Meanwhile, Deutsche Bank warns that the policy has reached a neutral stance, with no interest rate cuts in the foreseeable future.
The person taking over Apple has to do something he has never done before
Software, AI, services—areas he never directly controlled in his 25-year Apple career
Why Are You Always Losing Money on Polymarket? Because You're Betting on News, While The Rulebook Favors Insiders
At Polymarket, most people who bet incorrectly are not wrong in their prediction but rather in not having read the rules carefully.
Not a Price Hike, but a Supply Shortage? Oil Price Has Crossed the Threshold
A $95 Per Barrel Price Is Far From Enough to Rebalance the Oil Market
DeFi is trapped in the most dangerous prisoner's dilemma in history
This incident has returned to the classic dilemma of cryptography: pragmatic security vs completely decentralized security.
Exclusive Interview with Jeff Hoffman: How Web3 and AI are Reshaping the Trillion-Dollar Social Travel Market
The most valuable platforms will not only be aggregators of suppliers, but they will also have relational networks around payments, loyalty, and communities.
After the KelpDAO hack, AAVE's situation is worse than you think
October 10 is the CEX-driven collapse, an epic failure in DeFi risk mitigation.
Atkins Marks One-Year Anniversary at SEC: Crypto Regulation Shifts from ‘Enforcement Heavy’ to ‘Rulemaking Mode’
Before the bill is passed, the SEC's cryptocurrency regulatory framework remains in a transition state of "administrative guidance + enforcement actions."
Under Political Pressure, Is the Federal Reserve Still Independent?
Powell believes that political pressure is not a threat, and what truly determines the Fed's independence is the Fed itself.
Yellen's Past Remarks: How Will This Incoming "Fed Chair" Disrupt the Federal Reserve? Janet Yellen, who is expected to become the next Chair of the Federal Reserve, has made several significant statements in the past regarding monetary policy, financ...
Powell's reform blueprint not only looks bold and ambitious, but also directly targets many vulnerabilities of the Federal Reserve. Facing the upcoming Senate confirmation hearing, how will this Fed's presumptive new "helmsman" reshape the future of the world's largest central bank?
Popular coins
Latest Crypto News
Read more
App