Recently, Aquanow has partnered with Singapore Golf Bank that is a fully licensed digital bank regulated by the Central Bank of Bahrain (CBB) to provide improved fiat banking access for institutional and enterprise participants in the virtual asset industry.
Aquanow SGB partnership has been recently confirmed by the Wu Blockchain’s official X handle, sharing the information.
Source: X
The collaboration merges reserve's secure and regulated banking network with its global digital asset services that is creating a seamless bridge between traditional finance and the cryptocurrency economy.
The Global Reserve is supported by Bahrain’s Mumtalakat sovereign wealth fund and Singapore’s Whampoa Group and is the only Bank in the MENA region which is authorised to digitally onboard clients worldwide.
With the full swift membership and a strong compliance structure the Golf bank facilitates smooth multi-currency transactions in USD, AED, SAR, BHD, SGD, EUR, HKD and CNH. This makes the system a valuable monetary service partner for businesses operating across the borders.
The Aquanow SGB partnership allows the leading infrastructure’s client base spanning exchanges, payment processors, OTC desks, neobanks and fintech firms to access to monetary services fiat monetary service solutions.
The clients can open USD accounts, settle their trades quickly and move the fund at any time.
The collaboration allows frictionless conversion between cryptocurrencies and the fiat currencies that will improve liquidity and efficiency in large scale transactions.
Aquanow SGB partnership not only ensures global accessibility but also aligns with the Shariah compliant banking standards that appeal to a broader market.
By blending innovative digital asset technology with security this bold step will help in the regulation of banking systems and the Aquanow SGB partnership is aiming to create a future ready financial framework where the fiat and digital financing operate together and smoothly.
The Aquanow SGB partnership bridges global banking and digital assets efficiently and safely. With strong rules and a focus on innovation, it makes the monetary ecosystem more integrated and seamless.
Akanksha is a dedicated crypto content writer with a strong enthusiasm for blockchain technology and digital innovation. With a growing footprint in the Web3 space, she specializes in turning intricate crypto topics into clear, engaging narratives that resonate with readers across all experience levels. Whether it's Bitcoin, emerging altcoins, DeFi platforms, or NFT trends, Akanksha delivers timely and insightful content that helps audiences stay informed in the ever-evolving crypto market. Her analytical approach, combined with a passion for decentralized finance, allows her to craft informative pieces that empower both new and experienced investors. Akanksha firmly believes in the transformative power of blockchain to reshape global systems and drive financial inclusion.