Singapore Gulf Bank Launches Regulated Multi-Chain Stablecoin Service for Institutions

Access is slated for Q1 2026 pending regulatory guardrails on SGB Net with Fireblocks custody.

Overview

The service lets clients mint, convert, hold and trade USDC and USDT across Solana, Ethereum and Arbitrum from a single platform.
Institutions can manage fiat and stablecoin balances in one regulated system designed to streamline settlement workflows.
All activity runs through built-in KYC, KYB and anti-money laundering controls aligned with banking standards.
Fireblocks provides custody and treasury automation under a partnership established to reduce operational risk.
SGB Net, which the bank says handles over $2 billion in monthly fiat volume, underpins the new stablecoin functionality as SGB finalizes guardrails with regulators.