Singapore Gulf Bank partners with BNY for banking and brokerage services

Singapore Gulf Bank announced it has joined BNY's correspondent banking network and onboarded to the company's Fixed Income Brokerage platform, according to a press release.

The partnership adds BNY as a U.S. dollar clearing provider to Singapore Gulf Bank's correspondent banking and payment infrastructure. The arrangement is designed to support real-time, 24/7 settlement for global corporate clients.

Through BNY's Fixed Income Brokerage platform, Singapore Gulf Bank clients can now trade money market funds and U.S. Treasury bills. The bank stated this allows its crypto-native clients to access U.S. government securities and provides an option to allocate capital from digital assets into traditional fixed income instruments.

Singapore Gulf Bank operates SGB Net, a proprietary settlement network already integrated with J.P. Morgan's Wire 365 for 24/7 USD settlement and clearing. The bank describes the BNY integration as serving as an institutional vault and trading hub for investing in assets like U.S. Treasuries.

Singapore Gulf Bank is a licensed digital wholesale bank backed by Whampoa Group and Mumtalakat. The bank is regulated by the Central Bank of Bahrain and provides banking, digital asset management and stablecoin settlement services.

BNY, the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK), oversees $57.8 trillion in assets under custody and administration and $2.1 trillion in assets under management as of September 30, 2025.

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