Hong Kong, September 16, 2025 — Cactus Custody, Matrixport’s digital asset custodian, has announced a partnership with Singapore Gulf Bank (SGB). Leveraging SGB’s banking infrastructure, the parties will provide institutional clients with compliant fiat custody and 24/7 instant access, addressing the market’s demand for efficiency and helping institutions deploy funds safely and effectively. As a crypto-friendly bank, SGB provides stable and continuous banking services within existing regulatory frameworks.
The collaboration utilizes SGB’s banking infrastructure and combines its in-house SGB Net real-time transfer capability with proprietary APIs to automate and standardize Cactus Custody’s fund flows, thereby expanding the platform to support both digital-asset and fiat settlement. This delivers a more efficient, convenient, and compliance-driven fund management experience for institutional clients.
Wendy Jiang, General Manager of Cactus Custody, said, “Our partnership with SGB further strengthens our fiat channels and custody capabilities for institutions. With robust infrastructure and standardized processes, supported by rigorous compliance controls, clients can manage multiple asset types more efficiently and coordinate operations more effectively.”
Jireh Chua, Chief Development Officer of Singapore Gulf Bank, said, “SGB is committed to providing robust and compliant banking services to the innovative finance sector. Through our integration with Cactus Custody, we will extend our banking infrastructure and open-API capabilities to more institutional clients, enabling safe and efficient movement of fiat funds worldwide.”
Both parties will continue to enhance these capabilities with strong compliance and risk controls, steadily advancing future-ready financial infrastructure.
About Cactus Custody
Cactus Custody, a Matrixport Group subsidiary with global regulatory credentials, offers digital asset custody, DeFi access, and OES/OTC settlement services to over 300 institutions worldwide, managing assets worth multiple billions. It is operated by Matrix Trust Company Limited, which is licensed under the Hong Kong TCSP regime.
Using a cold-hot layered security architecture with institutional-grade HSM encryption and strict compliance controls, our custody solution is designed to safeguard digital assets with resilience and trust. Driven by innovation, we empower institutions to manage their digital assets with confidence.
Learn more: www.mycactus.com
About Singapore Gulf Bank (SGB)
SGB is the first fully licensed digital bank in Bahrain serving global investors, innovators, and institutions. Geared towards the digital economy, SGB empowers frictionless movement between digital and traditional finance, providing financial connectivity between Asia and the Middle East and North Africa (MENA) region.
Learn more: https://www.sgb.com
Media Contact
Cactus Custody
press@mycactus.com
