Singapore Gulf Bank joins BNY's correspondent banking network and Fixed Income Brokerage platform to enable real-time, 24/7 USD settlement and access to U.S. Treasuries for crypto-native clients

Singapore Gulf Bank (SGB), a fully licensed bank backed by Whampoa Group and Mumtalakat, announced a partnership with BNY that adds BNY to SGB’s correspondent banking network and enables SGB to onboard to BNY’s Fixed Income Brokerage platform.

Partnership details and network expansion

By joining BNY’s correspondent banking network, SGB will add a U.S. dollar clearing provider to its expanding correspondent banking and payment infrastructure. The relationship is designed to strengthen SGB’s ability to support real-time, 24/7 settlement for global corporates.

The partnership also expands access to fixed income products. BNY’s Fixed Income Brokerage platform enables trading of money market funds and U.S. Treasury bills, which SGB said allows its crypto-native clients to access U.S. government securities through these funds and instruments.

Product suite and capital allocation for clients

SGB said the expansion of its product suite provides clients with an additional option to allocate capital from digital assets into traditional fixed income. The bank described the move as part of its strategy to build an efficient, compliant banking stack that integrates both digital and traditional currencies.

Settlement infrastructure and integration

SGB’s proprietary settlement network, SGB Net, is already integrated with J.P. Morgan’s Wire 365 to provide rapid, 24/7 USD settlement and clearing. SGB said the integration with BNY supports an institutional vault and trading hub model, where funds can be invested into secure assets such as U.S. Treasuries.

Company background

Singapore Gulf Bank (SGB) is a fully licensed digital wholesale bank regulated by the Central Bank of Bahrain. Backed by Whampoa Group and Mumtalakat, it provides banking, digital asset management and stablecoin settlement services for businesses and individuals worldwide.

BNY is a global financial services company that manages, moves and safeguards money. BNY said it helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally access the money they need. The company supports governments in funding local projects and works with over 90% of the top 100 pension plans.

BNY reported that, as of September 30, 2025, it oversaw $57.8 trillion in assets under custody and/or administration and $2.1 trillion in assets under management. BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK), headquartered in New York City.