Singapore Gulf Bank (SGB) and Matrixport’s Cactus Custody have partnered to offer regulated 24/7 fiat custody for institutional clients. This new service combines the security of a licensed banking framework with the speed of digital asset infrastructure, allowing clients to access and manage their funds around the clock.
Custody and compliance combined
The partnership links SGB’s banking network with Cactus Custody’s platform, letting institutions manage fiat and crypto together. It shortens settlements, reinforces compliance, and streamlines treasury operations under regulatory oversight.
Beyond custody, the alliance expands the reach of SGB Net, the bank’s real-time payments network. By automating and standardizing fund flows across borders, the system pushes transactions toward a new standard: faster, safer, and more cost-efficient than legacy rails.
“Our partnership with SGB strengthens fiat channels and custody capabilities for institutions,” said Wendy Jiang, General Manager of Cactus Custody. “With strong infrastructure and compliance controls, clients can manage multiple asset types more efficiently and coordinate operations with greater confidence.”
SGB’s Chief Development Officer, Jireh Chua, added: “By integrating with Cactus Custody, we are expanding our open-API infrastructure to serve more institutional clients worldwide, enabling safe, instant movement of fiat funds at global scale.”
The bigger picture
The partnership positions SGB and Cactus Custody to deliver future-ready financial infrastructure that is compliant, borderless, and always on. An offering aimed squarely at institutions seeking to bridge traditional banking with digital asset markets.
Also Read: Forward Industries Acquires $1.58B in SOL For its Solana Treasury
