Aquanow-SGB Partnership to Provide Institutional Crypto Banking and Fiat Settlement
Main Idea
Aquanow and SGB have partnered to provide institutional crypto banking and fiat services, leveraging SGB's SWIFT membership and regulated banking framework for 24/7 global asset movement.
Key Points
1. The partnership utilizes SGB’s SWIFT membership and regulated banking framework to enable 24/7 global asset movement in major currencies like USD, EUR, and AED.
2. SGB’s real-time settlement platform, SGB Net, will integrate with Aquanow’s infrastructure to improve on-and-off-ramping solutions for digital asset investors.
3. The collaboration aims to expand access in the MENA and Asia regions, where demand for crypto-friendly banking solutions is growing.
4. SGB is backed by Bahrain’s sovereign wealth fund, Mumtalakat, and Singapore’s Whampoa Group, enhancing its global banking capabilities.
5. The partnership is expected to create a more seamless crypto-friendly banking environment for institutional investors.
Description
Aquanow has teamed up with SGB to offer institutional clients seamless access to fiat banking services and real-time crypto-fiat conversions. The partnership leverages SGB’s SWIFT membership and regulated banking framework. It enables 24/7 global asset movement across major currencies like USD, EUR, and AED. Digital asset infrastructure provider Aquanow is partnering with SGB, a fully licensed digital bank, to solve one of the biggest headaches for crypto businesses, open a reliable bank account...
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