Singapore Gulf Bank has partnered with Fireblocks to secure its digital asset custody and treasury operations.

The fully licensed digital wholesale bank, regulated by the Central Bank of Bahrain, will use Fireblocks’ enterprise platform for custody, settlement, trading operations, and stablecoin payments.

The system automates treasury workflows, manages liquidity across multiple accounts and venues, and safeguards digital assets. SGB also plans to use Fireblocks for on- and off-ramps and stablecoin issuance.

Founded by the privately held Singaporean investment firm Whampoa Group and backed by Bahrain’s sovereign wealth fund Mumtalakat, SGB serves global corporate and retail clients through unified banking solutions that bridge traditional finance and digital assets.

Fireblocks provides multi-layered wallet security through Multi-Party Computation cryptography and secure hardware to protect against attacks, collusion, and human error.

Shawn Chan, CEO of Singapore Gulf Bank, said,

“By using Fireblocks, we’re able to automate processes, reduce operational risk, and most importantly offer clients faster, safer access to digital asset services like crypto treasury, on and off ramps, and stablecoin transactions.

This helps in supporting trading firms, exchanges, and payment providers with the type of banking experience they need to operate in a regulated environment.”

SGB joins more than 2,400 fintechs, PSPs, banks, and exchanges on the Fireblocks Network for secure on-chain transactions and stablecoin payments.

It is also among the first providers supporting the Fireblocks Network for Payments, which enables cross-border treasury, remittances, and settlements across fiat and blockchain rails.

“SGB is enhancing options in banking by providing secure, reliable access to financial services for digital asset businesses.

With Fireblocks’ enterprise-grade infrastructure, SGB is well positioned to streamline operations, mitigate risk, as well as enable real-time on-chain financial services as demand accelerates.”

said Stephen Richardson, Chief Strategy Officer and Head of Banking at Fireblocks.

The partnership follows the launch of SGB Net in May 2025, a real-time multi-currency clearing network serving digital asset firms including exchanges, market makers, and stablecoin issuers.

Featured image: Fireblocks CEO Michael Shaulov (left) and SGB CEO Shawn Chan (right)