Singapore Gulf Bank Launches SGB Net for Seamless Crypto Transactions

Singapore Gulf Bank (SGB) has launched its innovative platform, SGB Net, to streamline crypto transactions within the MENA and Asian regions. This new offering facilitates frictionless exchange of fiat currency and cryptocurrencies, cutting down on settlement times and eliminating costly fees. SGB Net offers seamless integration for various cryptocurrency players like exchanges, stablecoin issuers, market makers, OTC desks, and prime brokers. This initiative addresses a major pain point in global transfers by enabling instant fiat-crypto transactions.