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- Singapore Gulf Bank now allows corporate clients to mint and redeem stablecoins on Solana with zero fees for a limited time.
- The service targets treasury operations and cross-border business flows before expanding to retail clients.
- Integration of stablecoins marks a shift from experimental blockchain projects to regulated, operational banking infrastructure.
Singapore Gulf Bank (SGB) has launched a new banking service that directly connects corporate clients to blockchain technology. The regulated digital bank now allows clients to mint and redeem major stablecoins, including USDC and USDT, on the Solana blockchain.
The service debuted at Breakpoint 2025 in Abu Dhabi and offers zero transaction and gas fees during its initial rollout. This development signals growing institutional adoption of blockchain tools in real-world finance. SGB aims to simplify cross-border operations and treasury management for corporate clients.
Initially, the platform will focus on businesses before expanding to individual banking customers. The bank highlighted that it has processed over $7 billion in transactions since entering the market. That underscores strong demand for integrated crypto and traditional banking services across Asia and the Gulf Cooperation Council region.
SGB Brings Regulated Stablecoins to Businesses
SGB’s service also facilitates the creation or redemption of stablecoins on the Solana network, eliminating the need for intermediaries. This is made possible by Solana’s high processing capability, which is ideal for real-time large-volume transfers, an aspect that is both slow and expensive via banking systems.
This launch transitions stablecoins into a regulated, functioning framework that enables commerce. It provides corporates with quicker settlement times, enhanced liquidity, and real-time cross-border processing with bank-grade levels of compliance.
This is consistent with trends in digital finance, where the use of stablecoins is gaining traction for payments, corporate treasuries, and liquidity management. Other banks are also embarking on similar endeavors.
Institutions such as DBS have explored the area of stablecoin creation or custodial services. Other platforms, like Fireblocks or the Global Dollar Network, enable trustworthy transfers as well as connections with regulated banking infrastructure. Such trends indicate an impetus for using stablecoins among enterprises.
Integration Strengthens Digital Finance Strategy
This stablecoin service is in line with other earlier endeavors of SGB, which include SGB Net, a multi-currency clearing service launched in May 2025 for the instantaneous settlement of institutions. Additionally, SGB collaborated with Fireblocks for custody solutions through multi-party computation cryptography.
Through the integration of real-time settlement technology, secure custody infrastructure, and on-chain stablecoin minting, Singapore Gulf Bank is placing itself at the crossroads of traditional finance and decentralized finance.
It provides corporates with a compliant, more efficient, and more modern solution for engaging with the digital asset economy, indicating an important step ahead for the mainstream adoption of blockchain-based financial services.
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