Singapore Gulf Bank, in partnership with Matrixport, introduces a new regulated fiat custody service for institutional clients, allowing round-the-clock access to funds.
SGB and Cactus Custody Partnership
Singapore Gulf Bank (SGB) and Matrixport’s Cactus Custody have announced a partnership to offer regulated 24/7 custody of fiat assets for institutional clients. The service combines the security of a licensed banking framework with the rapidly evolving infrastructure of digital assets, enabling clients to manage their funds at any time.
Key Benefits of the Collaboration
The partnership links SGB's banking network with Cactus Custody's platform, allowing institutions to manage both fiat and crypto assets. It shortens settlement periods, reinforces compliance, and streamlines treasury operations under regulatory oversight.
"Our partnership with SGB strengthens fiat channels and custody capabilities for institutions," said Wendy Jiang, General Manager of Cactus Custody. "With strong infrastructure and compliance controls, clients can manage multiple asset types more efficiently and coordinate operations with greater confidence."
Future of Financial Infrastructure
This partnership positions SGB and Cactus Custody as providers of future-ready financial infrastructure that is compliant, borderless, and always available. The offering targets institutions looking to bridge traditional banking with digital asset markets.
"By integrating with Cactus Custody, we are expanding our open-API infrastructure to serve more institutional clients worldwide, enabling safe, instant movement of fiat funds at a global scale," added SGB's Chief Development Officer, Jireh Chua.
The partnership between Singapore Gulf Bank and Matrixport illustrates the growing collaboration between traditional financial institutions and new technologies, offering clients modern solutions for asset management.
