SGB and Matrixport Partner on 24/7 Regulated Fiat & Crypto Custody

SGB and Cactus Custody launch 24/7 regulated platform for seamless, secure fiat and crypto custody with real-time cross-border payments.

In a significant development for institutional finance, Singapore Gulf Bank (SGB) has partnered with Matrixport’s Cactus Custody to offer 24/7 regulated fiat and crypto custody services. This collaboration will be aiming to present a safe and unified platform for the management of both fiat money and digital assets with a big focus on compliance, speed and reliability.

SGB Net Upgrade Enables Faster, Safer Cross-Border Payments

By combining SGB regulated banking infrastructure with Cactus Custody’s superior digital asset installation, institutions can now more effectively manage funds. As a consequence, the clients get access to a trustworthy system that can enable them to deal with cash and crypto at a single interface. This seamless integration is designed for the purpose of achieving smoother operations, quicker settlement times, and more secure transactions for all transactions.

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Moreover, through the partnership SGB Net, the bank’s real-time payments network suffers via improve. Through this system, institutional users and users could benefited from automated and standardized processes of fund flows, particularly for cross-border transfers. Consequently, asset movement becomes faster, safer and more cost-effective, solving age-old problems in traditional banking and crypto custody services.

According to Wendy Jiang, General Manager of Cactus Custody, the collaboration enhances the capability of the institution to manage fiat and digital assets under one roof. She mentioned that with such a collaboration comes bringing together strong infrastructure, coupled with stringent compliance standards, thus helping clients coordinate operations with complete confidence.

Similarly, an added point that Jireh Chua, Chief Development Officer at SGB, stressed about the industry today is compliance and innovation. He explained how integrating with Cactus Custody enables SGB to grow their offerings of open API banking services, reaching more institutional clients all over the world. This also favor the instant movement of fiat money money on a worldwide size.

Traditional Banking Meets Crypto Custody in Major Collaboration

The partnership is in line with the increasing requirement for the always-on financial infrastructure. In a time where digital assets and tokenized economies are becoming a hit, institutions need systems that allow them to function across time zone and jurisdictions without experiencing disruption. This new offering from SGB and Cactus Custody satisfies this demand by offering a borderless, compliant and 24/7 solution.

Unlike traditional custody systems that operate only during limited hours, this collaboration offers asset management around the clock. This feature is very important for the crypto markets, which operate 24/7. In this way, institutions can be faster in taking advantage of opportunities, can also manage risks in real time and can settle transactions without unnecessary delays.

Additionally, the joint solution builds trust and transparency in an industry often criticized for weak asset security. Both companies operate under strong regulatory frameworks. They give institutional clients peace of mind, knowing their assets are protected by proven systems and trusted entities.

In conclusion, the collaboration between Singapore Gulf Bank and Cactus Custody is a significant development in institutional finance. By combining “the best of old-time banking with the best of new-time crypto custody techniques” the two companies are laying the bricks for the next generation of financial infrastructure – safe, compliant and never out of sight.