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Singapore Gulf Bank tackles global finance hurdles with crypto-focused SGB Net launch – TON BOT

Singapore Gulf Bank tackles global finance hurdles with crypto-focused SGB Net launch

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Singapore Gulf Bank (SGB) has launched SGB Net, a real-time clearing network for digital asset transactions in the Middle East and North Africa. This initiative aims to address cross-border finance issues like settlement delays and high fees. SGB Net allows round-the-clock transfers in multiple currencies with lower costs and fewer delays, enhancing capital efficiency and supporting instant fiat and crypto conversions. The platform also offers financial tools for businesses and onboards various market participants to create an interconnected ecosystem of financial players. SGB plans to introduce advanced services to support institutional workflows and mitigate global market uncertainty.

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