As the first and only regulated bank in the Middle East and North Africa region to provide fully remote and digital account opening services to global investors, innovators and institutions, Singapore Gulf Bank (SGB), backed by Bahrain’s sovereign wealth fund Mumtalakat and private investment group Whampoa Group, has officially launched its personal banking services.
Singapore Gulf Bank provides a full range of payment solutions, including wire transfers, bank cards and cryptocurrency payment channels, and provides convenient channels for traditional and digital asset investments, especially unique investment opportunities in Asia and the Middle East and North Africa. This is the first time that millions of individuals around the world can open accounts remotely and use integrated traditional and digital asset banking solutions. Following the successful launch of corporate banking services in November 2024 and the strong market response, SGB has now expanded its service scope to individual customers around the world.
Under the full supervision of the Central Bank of Bahrain, SGB is committed to meeting the needs of modern global citizens:
- Breaking through the limitations of traditional banks : Most banks do not provide services to individuals involved in digital assets. SGB provides unified banking services for cryptocurrency native users and customers interested in cryptocurrency, achieving seamless connection between digital finance and traditional finance.
- Solving cross-border complexity : SGB supports and simplifies international payments through wire transfers, SGB-issued bank cards and cryptocurrency payment channels, providing extensive foreign exchange support to meet overseas education spending, travel and global business needs.
- Meeting the needs of fiat currency and cryptocurrency exchange : Through direct connections with top licensed trading platforms and exchanges, SGB supports instant, secure and seamless conversion between fiat currency and cryptocurrency.
- Global Asset Allocation: Clients will gain access to diversified global investment opportunities covering traditional and digital assets, including high-yield savings and time deposit accounts, as well as unique investment opportunities in Asia and the Middle East and North Africa regions.
SGB provides comprehensive and innovative services to global digital economy participants, including remote workers, digital nomads, proprietary traders and high net worth individuals. Currently, SGB is gradually opening up registration and only accepting applications from invited users in response to the enthusiastic response from the market.
With compliance as the top priority, SGB is creating a new era in banking, allowing everyone to easily access and manage digital and traditional assets in an integrated network, driving the next billion users to participate in future finance.
About SGB
SGB is the first licensed bank in Bahrain to serve global investors, innovators and institutions. As a bank for the digital economy, SGB is committed to achieving seamless integration between digital and traditional finance and providing financial connectivity to Asia and the Middle East and North Africa.
