Bahrain-backed Singapore Gulf Bank has launched digital asset custody and trading services, positioning Bahrain as a hub for digital finance and connecting Asian and Middle Eastern markets.
Bahrain-Backed Bank Launches Digital Asset Custody Service
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Bahrain Aims to Connect Asian and MENA Markets
Bahrain-backed Singapore Gulf Bank has launched digital asset custody and intuitive trading solutions services. The bank is also set to offer digital banking services to corporate customers in the digital economy, enabling them to manage traditional and digital assets on a single platform.
The announcement was made on the sidelines of an investment forum exploring the Gulf Cooperation Council (GCC)’s most promising investment opportunities. Founding Chairman Edmund Lee said the bank is laying the foundation for an era where traditional and digital finance converge.
Noor bint Ali Al-Khulaifi, the Minister of Sustainable Development, highlighted Bahrain’s role in deepening connectivity between Asian and Middle East-North Africa markets and its ability to attract global enterprises.
“As the digital economy continues to grow, our kingdom will serve as a gateway connecting Asian enterprises with opportunities across traditional and digital financial markets. SGB is a testament to Bahrain’s pro-innovation environment and our ability to attract and anchor ambitious global enterprises,” said AlKhulaif.
Khalid Humaidan, governor of the Central Bank of Bahrain, said Singapore Gulf Bank’s launch of custody and digital asset-related services demonstrates Bahrain’s commitment to fostering innovation without sacrificing regulation.
Supported by the Bahrain sovereign wealth fund Mumtalakat and Whampoa Group, Singapore Gulf Bank is expected to serve as a vital link between mainstream financial services and the digital asset economy.
