In a significant move to bolster the security of digital transactions, Singapore Gulf Bank has announced a partnership with Fireblocks, a prominent player in institutional-grade digital asset custody. This collaboration aims to enhance the protection of client funds through advanced security measures, as emphasized in the official statement.
Partnership with Fireblocks
The partnership with Fireblocks ensures that client assets are safeguarded using cutting-edge cryptography and a secure wallet infrastructure, fully compliant with regulatory standards.
Enhancing Digital Offerings
This initiative is part of the bank's broader strategy to enhance its digital offerings, which includes the recent launch of a zero-fee stablecoin minting service.
Building Client Confidence
By introducing this service, Singapore Gulf Bank aims to instill greater confidence among clients in its digital financial solutions.
Positioning as a Leader in Digital Banking
It is positioning itself as a leader in the evolving landscape of digital banking.
In a related development, the Directorate of Criminal Investigations in Kenya has established a new unit to address the rising issue of cryptocurrency fraud, aiming to protect local investors. For more details, see read more.
