TechFlow reports on November 4 that, according to official news, the Gulf Bank of Singapore (SGB) announced the launch of corporate banking services. As the first regulated bank in Bahrain to offer comprehensive cryptocurrency-compatible banking services, SGB will provide integrated digital banking solutions for enterprise clients in the digital economy, enabling management of both traditional finance and digital assets on a single platform.
Backed by Bahrain's sovereign wealth fund Mumtalakat and private investment group Whampoa Group, SGB has obtained full regulatory approval from the Central Bank of Bahrain. The bank will offer real-time settlement networks, digital asset custody, and intuitive trading solutions, supported by robust anti-money laundering and customer identification measures. SGB plans to extend its digital banking services to individual customers by the end of this year.
