Singapore Gulf Bank (SGB) announced on Nov. 4, 2025 an alliance with Fireblocks to deploy digital asset infrastructure. The integration aims to enable institutional custody, on-chain operations and fiat-crypto rails, addressing corporate clients and treasuries that demand security and compliance. The deal combines SGB’s regulatory license with Fireblocks’ enterprise technology, potentially accelerating the institutional offering in the region.
SGB is a digital wholesale bank regulated by the Central Bank of Bahrain and backed by Mumtalakat and Whampoa Group, according to the Nov. 4, 2025 press release. Fireblocks, valued at approximately $8.000 millones and with a $550 millones funding round, provides an institutional-grade platform to move, store and issue digital assets, including integrations with providers such as Bakkt, FalconX and Galaxy, and collaborations on stablecoin issuances with Chainlink and Circle, according to the cited statements.
The alliance focuses on three pillars: deployment of enterprise wallets based on Multi-Party Computation (MPC) to reduce single points of failure; custody solutions to attract institutional capital; and automation of treasury workflows to optimize liquidity and 24/7 operations. MPC fragments a private key into multiple parts so that no single entity holds the full key, reducing the risk of internal or external compromises.
Fireblocks has integrated additional capabilities following acquisitions and alliances — for example, the purchase of First Digital for $100 millones — which strengthens its payments and settlement offering, according to company data and public statements.
Context and impact of the digital asset infrastructure
The partnership could accelerate local and regional institutional adoption by offering controls and auditability compatible with regulators, which lowers regulatory barriers for corporate clients. For traders and managers, this implies greater availability of tokenized instruments and potential liquidity improvement in on-chain products hosted by institutions.
Institutional migration increases the relevance of operational risk management: automation and treasury leverage can amplify losses if controls are not adjusted to the increased volumes.
SGB plans to expand capabilities with on/off ramps and stablecoin issuance over time, according to the Nov. 4, 2025 press release. The next operational milestone will be the phased implementation of wallet infrastructure and the first custody services for corporate clients.
