Singapore Gulf Bank and Matrixport Launch 24/7 Regulated Fiat Custody
Singapore Gulf Bank (SGB) and Matrixport’s Cactus Custody have partnered to offer regulated fiat custody services for institutional clients. This service combines the security of a licensed banking system with the speed of digital asset infrastructure. Clients can now access and manage their funds anytime, day or night.
Integrated Custody and Compliance Solutions
The partnership connects SGB’s banking network with Cactus Custody’s platform. Institutions can manage both fiat and crypto assets in one place. This integration shortens settlement times, strengthens compliance, and simplifies treasury operations under regulatory oversight.
Additionally, the collaboration expands SGB Net, the bank’s real-time payments network. It automates and standardizes cross-border fund flows. This makes transactions faster, safer, and more cost-effective than traditional payment rails.
Wendy Jiang, General Manager of Cactus Custody, said, “Our partnership with SGB strengthens fiat channels and custody capabilities for institutions. With strong infrastructure and compliance controls, clients can manage multiple asset types more efficiently and coordinate operations with greater confidence.”
SGB’s Chief Development Officer, Jireh Chua, added, “By integrating with Cactus Custody, we are expanding our open-API infrastructure to serve more institutional clients worldwide. This enables safe, instant movement of fiat funds at a global scale.”
Building Future-Ready Financial Infrastructure
The partnership aims to deliver compliant, borderless, and always-on financial infrastructure. It targets institutions looking to bridge traditional banking with digital asset markets.
