# Singapore Gulf Bank has entered a strategic banking partnership with Standard Chartered.

*business · news · 2026-05-12 · Crypto News*

## Key points

- Singapore Gulf Bank is partnering with Standard Chartered to enhance cross-border digital asset payments.
- Standard Chartered will provide correspondent banking and clearing support via its global network for SGB.
- SGB Net now processes over $2 billion in monthly fiat transaction volume for digital asset clients.
- Hong Kong granted its first stablecoin issuer licenses in April to HSBC and an Anchorpoint-led venture.
- Hong Kong's licensing requires reserve backing, redemption guarantees, governance, and AML compliance for issuers.

**Companies:** Standard Chartered, Singapore Gulf Bank
**Countries:** Singapore, Bahrain, Hong Kong

[Read the full story on Crypto News](https://crypto.news/singapore-gulf-bank-taps-standard-chartered-for-digital-asset-payment-corridors/)

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