Digital asset infrastructure provider Aquanow has partnered with SGB, a fully licensed digital bank, to solve one of the biggest headaches in the crypto business and open a trusted bank account. This collaboration is designed to provide seamless fiat banking services to institutional players in the crypto sector.
Filling the gap between cryptography and Fiat
This new alliance will provide Aquanow’s global clients, including exchanges, payment providers and fintech companies with the ability to easily open US dollar bank accounts, resolve transactions and transfer funds using SGB’s Swift membership and a regulated banking framework.
This partnership benefits businesses seeking reliable, compliant infrastructure that integrates digital assets into mainstream financial systems.
“Institutions need more than just access. To operate at scale, they need a robust and compliant infrastructure. Our partnership with SGB addresses this critical need.”
The companies aim to provide a secure and scalable solution for free movement of assets 24/7 in multiple currencies, including USD, EUR, AED, SAR, BHD, SGD, HKD and CNH.
The role of SGB in global digital banking
SGB stands out as the only digital bank in the MENA region that is allowed to be globally mounted on clients. This is thanks to strong support from Bahrain’s sovereign wealth fund, Mumatarakat and Singapore’s Wanpore Group.
What’s going on in Bahrain? SGB is part of a major trend in the country. This is a report on another major Bahrain company that recently added Bitcoin to its finances.
SGB’s real-time payments platform, SGB Net, integrates with Aquanow’s services to facilitate smooth Fiat-to-crypto-to-crypto conversion. The integration is expected to pave the way for better on and off-ramp solutions for digital asset investors.
The move is expected to pave the way for future on and off ramping solutions within SGB’s platform, facilitating simple entries and exit points for digital asset investors.
Expand global access with a focus on MENA and Asia
This partnership is due to the continued growth of institutional adoption of digital assets, particularly in MENA and in Asia. These markets are at the forefront of progressive regulatory frameworks and growing demand for blockchain-based financial services.
SGB CEO Shawn Chan looked at the importance of this partnership.
“Combining Aquanow’s in-facility platform with SGB’s banking capabilities and global onboarding reach will promote seamless access to Fiat for Digital Asset users.”
As digital assets become an integral part of everyday financial operations, the need for a robust, secure, compliant infrastructure continues to grow. The Aquanow and SGB partnership is a key step in locking in a more seamless, crypto-friendly banking environment where institutional players can operate with confidence in both traditional financial and digital finance spaces.
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