SGB connects with BNY Mellon in New York, opening a channel for crypto assets and U.S. Treasury bond allocation

CoinNetwork · 2026-04-07T08:23:53+00:00

Singapore Gulf Bank, a compliant digital wholesale bank, has officially joined the proxy banking network of BNY Mellon in New York, enhancing USD clearing capabilities and supporting 24/7 real-time settlement. At the same time, it provides a fixed income platform for crypto clients, promoting capital allocation between digital assets and traditional interest-bearing assets.

CoinNetwork

2026-04-07 08:23:53

Abstract generation in progress

CoinWorld News, according to a PRNewswire report, compliant digital wholesale bank Singapore Gulf Bank (SGB) has announced that it has officially connected to Bank of New York Mellon (BNY)’s correspondent banking network and fixed-income brokerage platform. This collaboration positions Bank of New York Mellon as SGB’s institutional vault and trading hub. On one hand, it brings SGB top-tier U.S. dollar clearing capabilities, supporting global corporate clients in achieving 24/7 real-time settlement; on the other hand, SGB’s crypto-native customers will be able to directly trade money market funds and U.S. Treasuries through this fixed-income platform, effectively opening up a funding allocation channel for transferring capital from digital assets to traditional yield-bearing assets. Previously, SGB had already completed its underlying integration with Morgan, JPMorgan’s Wire 365 system; the bank aims to bridge the compliant end-to-end settlement network between traditional fiat and the digital economy, which is now accelerating toward a closed loop.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.