Singapore Gulf Bank's SGB Net tops $20B in monthly fiat volume
- —SGB Net grew from $2 billion to $20 billion in monthly volume between February and October 2026
- —The bank processed $12 billion in transactions in 2025, including $6 billion via SGB Net
- —Clients include Binance Bahrain, Matrixport, Zerocap, OSL and Payward (Kraken)
- —Since April 2026 SGB has offered USDC minting and redemption for trades above $100,000
Why it matters: Crypto and payment firms are gaining a banking settlement layer to replace Silvergate and Signature, reducing the industry's reliance on traditional banks.
Source: ChainCatcher 链捕手