Singapore Gulf Bank Adopts Fireblocks for Secure Digital Asset Infrastructure

Singapore Gulf Bank (SGB) has selected Fireblocks to provide its secure wallet and digital asset infrastructure, announced in a press release. The integration will support the bank’s digital asset custody, treasury management, and liquidity optimization across accounts and venues.

The partnership enables Singapore Gulf Bank to use Fireblocks’ Multi-Party Computation cryptography and secure hardware for institutional-grade wallet protection. This setup will automate treasury workflows, strengthen compliance, and reduce operational risks for clients engaging in digital asset transactions.

SGB plans to extend its use of Fireblocks for on- and off-ramp services and stablecoin issuance, enhancing its role in bridging traditional and digital financial services. Through the Fireblocks Network, SGB will also gain access to a global ecosystem of financial institutions and fintechs for secure, on-chain payment and trading operations.

The collaboration follows the bank’s May 2025 launch of SGB Net, a real-time multi-currency clearing network designed to meet the operational needs of digital asset firms.