Hong Kong, September 16 - Cactus Custody, a compliant digital asset custody institution holding a TCSP license in Hong Kong under Matrixport, 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 access services, addressing the core market demand for efficiency and enabling institutions to deploy funds safely and efficiently. As a bank friendly to the crypto industry, SGB offers stable and continuous banking service guarantees 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 transitions 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.
Cactus Custody General Manager Wendy Jiang stated: “The partnership with SGB further strengthens our fiat channel and custody capabilities for institutions. Relying on bank-grade infrastructure and standardized processes, clients can manage various assets and funds more efficiently under compliance requirements, and better coordinate operational rhythms.”
Singapore Gulf Bank Chief Development Officer Jireh Chua stated: “SGB is committed to providing robust and compliant banking services for the innovative financial sector. Through the integration with Cactus Custody, we will open our banking infrastructure and open API capabilities to more institutional clients, helping them safely and efficiently complete fiat fund flows globally.”
Both parties will continue to enhance relevant capabilities under compliance and risk control premises, 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, equipped with international regulatory qualifications. We provide asset custody, DeFi access, and OES/OTC clearing services to over 300 institutions worldwide, continuously managing assets exceeding $10 billion.
The platform employs a layered security architecture with hot and cold storage, integrating military-grade HSM encryption technology and institutional-grade cold storage systems, while strictly implementing compliance and risk control processes. We focus on security, base our operations on compliance, and drive innovation, committed to building a globally trusted digital asset custody infrastructure.
About Singapore Gulf Bank (SGB)
SGB is Bahrain's first fully licensed digital bank, serving global investors, innovators, and institutions. SGB focuses on the digital economy, facilitating seamless flows between digital finance and traditional finance, and providing financial connectivity for Asia and the Middle East and North Africa (MENA) region.
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