Aquanow has partnered with Singapore Golf Bank to improve fiat access for virtual asset participants. This collaboration creates new opportunities for businesses and forms an efficient bridge between traditional finance and the crypto industry.
Strong Regulatory Support
Singapore Golf Bank, regulated by the Central Bank of Bahrain, provides a secure banking network and is the only bank in the MENA region authorized to digitally onboard clients worldwide. This partnership is backed by Bahrain's Mumtalakat sovereign wealth fund and Singapore's Whampoa Group.
Enhanced Services for Institutional Clients
The partnership allows Aquanow's clients, including exchanges, payment processors, and fintech firms, to quickly open USD accounts and settle trades. This collaboration enables seamless conversion between cryptocurrencies and fiat currencies, improving liquidity and efficiency in large transactions.
Ethics and Innovations in Banking Services
The Aquanow and Singapore Golf Bank partnership aims to attract a broader audience by adhering to Shariah-compliant banking standards. By blending innovative digital asset technology with security, it creates a future where fiat and digital finance operate together.
The Aquanow and Singapore Golf Bank partnership establishes an efficient and secure mechanism for integrating banking and digital assets, removing barriers and making the system more resilient.
