Singapore Gulf Bank Unveils Crypto-Integrated Corporate Banking in Bahrain

Singapore Gulf Bank (SGB), backed by Bahrain’s sovereign wealth fund Mumtalakat and Singapore’s Whampoa Group, has launched a groundbreaking regulated crypto-compatible corporate banking platform in Bahrain.

The bank offers remote onboarding, real-time settlement, digital asset custody, and trading solutions tailored for global businesses operating in the digital economy. This digital-first approach supports global clients, enabling them to open accounts and access banking services without physical presence in Bahrain.

Under the full regulatory approval of the Central Bank of Bahrain, SGB’s platform allows corporate clients to manage both traditional and digital assets seamlessly from a single, fully digital interface.

This launch positions Bahrain as a key hub for digital finance, bridging Asia and the MENA region with an integrated, global banking solution that combines traditional and digital asset services, with fully remote onboarding, SBG said.

"We're building the foundation for a new era of global finance where traditional and digital worlds converge to enable businesses to operate anytime and anywhere,” Edmund Lee, founding chairman of the board of SGB, said in a statement.

Through the integration of traditional and digital finance, SGB positions itself as a vital link in the evolving global digital asset ecosystem. Offering real-time settlement and flexible digital asset management, the bank enables companies to participate in the digital economy with ease and security.

By year-end, SGB plans to extend its services to individual clients, further expanding access to digital and traditional asset management.