BNY Mellon Adds Singapore Gulf Bank to Enable 24/7 USD Clearing and U.S. Treasury Trading
BNY Mellon has added Singapore Gulf Bank to its correspondent banking network and fixed income brokerage platform, granting 24/7 US dollar clearing and access to money market funds and U.S. Treasuries. This partnership lets SGB’s crypto-native clients shift digital asset holdings into government securities and broadens BNY’s institutional reach.
1. Partnership Details
BNY Mellon has onboarded Singapore Gulf Bank to its global correspondent banking network and integrated SGB onto its fixed income brokerage platform. The move provides SGB with around-the-clock US dollar clearing and settlement services and opens access to trading in money market funds and U.S. Treasury instruments.
2. Client Benefits
Crypto-native customers of Singapore Gulf Bank can now convert digital asset holdings into traditional money market funds and U.S. government securities through BNY Mellon’s platform. This offers a compliant, institutional-grade channel for reallocating capital from stablecoins and other digital currencies into secure fixed-income assets.
3. Strategic Impact for BNY
The partnership extends BNY Mellon’s footprint in the digital asset economy, supporting its goal to bridge traditional finance and emerging fintech clients. By serving a licensed digital wholesale bank backed by Whampoa Group and Mumtalakat, BNY Mellon deepens its role as a 24/7 institutional settlement and trading hub for both fiat and digital asset markets.