February 05, 2026
By Anjali Kochhar
Singapore Gulf Bank (SGB), a fully licensed digital bank regulated by the Central Bank of Bahrain, has announced a major upgrade to its proprietary real-time settlement platform, SGB Net, enabling stablecoin settlement for institutional clients. The upgrade is expected to go live in Q1 2026 and represents a significant step toward bridging traditional banking systems with blockchain-based digital assets.
With the latest enhancement, SGB Net will allow institutional users to mint, hold, convert, transfer, and settle stablecoins alongside fiat currencies within a single regulated infrastructure. The platform will initially support widely used stablecoins such as USDC and USDT, operating across leading blockchain networks including Ethereum and Solana.
Prior to the upgrade, SGB Net focused primarily on real-time fiat settlements and has already demonstrated strong traction. Since its launch in May 2025, the platform has processed more than USD 2 billion in monthly transaction volumes, recording rapid month-on-month growth. The addition of stablecoin settlement is expected to significantly expand its use cases, particularly for companies operating across digital asset markets and cross-border payment corridors.
According to the bank, the integration aims to simplify fragmented digital asset workflows by providing a unified platform where fiat currencies and tokenized assets can coexist. This approach is designed to help institutions manage liquidity more efficiently, reduce settlement delays, and gain better visibility across multiple currencies and blockchain networks.
Commenting on the development, Shawn Chan, Chief Executive Officer of Singapore Gulf Bank, said that stablecoins have become a core component of the digital asset economy but remain operationally complex to manage. The upgraded SGB Net is intended to address this challenge by offering a bank-grade, regulated environment tailored to institutional needs.
To maintain high compliance standards, all transactions on SGB Net will be governed by strict Know Your Customer (KYC), Know Your Business (KYB), and Anti-Money Laundering (AML) protocols. The bank has also partnered with a leading digital asset custody and security provider to ensure institutional-level asset protection and transaction security.
The stablecoin settlement upgrade aligns with Singapore Gulf Bank’s broader strategy to connect traditional finance with digital asset infrastructure. Following the rollout of corporate banking services and the launch of SGB Net, this latest development strengthens the bank’s position as a regulated gateway for institutions seeking to operate across both fiat and blockchain-based financial systems.
About the author
Anjali Kochhar covers cryptocurrency and blockchain stories in India as well as globally. Having been in the field of media and journalism for over four years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.
