Matrixport’s Cactus Custody partners with Singapore Gulf Bank (SGB) to upgrade compliant fiat custody and 24/7 instant access capabilities

Hong Kong, September 16 - Matrixport’s compliant digital asset custody institution Cactus Custody, which holds a Hong Kong TCSP license, has announced a partnership with Singapore Gulf Bank (SGB). Leveraging SGB’s banking infrastructure, the two parties will provide institutional clients with regulatory-compliant fiat custody and 24/7 instant deposit and withdrawal services, meeting the market’s core demand for efficiency and helping institutions deploy funds securely and efficiently. As a bank friendly to the crypto industry, SGB offers stable and continuous banking services within the existing regulatory framework.

This collaboration is based on SGB’s banking infrastructure, combined with its self-developed SGB Net real-time transfer capabilities and proprietary API, to promote the automation and standardization of Cactus Custody’s fund flows. This upgrade enables a transition from supporting only digital asset settlements to also having fiat settlement capabilities, providing institutional clients with a more efficient, convenient, and compliant fund management experience.

Wendy Jiang, General Manager of Cactus Custody, stated: “The collaboration with SGB further strengthens our fiat channels and custody capabilities for institutions. With bank-level infrastructure and standardized processes, clients can manage multiple types of assets and funds more efficiently and coordinate their operational pace better, all under a compliant framework.”

Jireh Chua, Chief Development Officer of Singapore Gulf Bank, said: “SGB is committed to providing robust and compliant banking services to the innovative finance sector. Through integration with Cactus Custody, we will open up our banking infrastructure and open API capabilities to more institutional clients, helping them complete fiat fund transfers securely and efficiently on a global scale.”

The two parties will continue to enhance relevant capabilities under the premise of compliance and risk control, steadily advancing the construction of future-oriented financial infrastructure.

About Cactus Custody

Cactus Custody is a professional digital asset custody service provider under the Matrixport Group with international regulatory qualifications. We provide asset custody, DeFi access, and OES/OTC settlement services to over 300 institutions worldwide, continuously managing assets exceeding several billions of dollars.

The platform adopts a hot and cold layered security architecture, integrates military-grade HSM encryption technology and institutional-grade cold storage systems, and strictly implements compliance and risk control processes. With security as the core, compliance as the foundation, and innovation as the driver, we are committed to building a globally trusted digital asset custody infrastructure.

About Singapore Gulf Bank (SGB)

SGB is the first fully licensed digital bank in Bahrain, serving global investors, innovators, and institutions. SGB is oriented towards the digital economy, facilitating seamless flow between digital finance and traditional finance, and providing financial connectivity for Asia and the Middle East and North Africa (MENA) regions.