Matrixport's Cactus Custody and Singapore Gulf Bank (SGB) have partnered to offer institutional clients regulated 24/7 fiat custody, leveraging SGB's banking infrastructure, improving efficiency and compliance for digital asset fund deployment.

The Event in Detail

On September 16, 2025, Cactus Custody, a digital asset custodian and subsidiary of Matrixport with an HK TCSP license, announced a strategic partnership with Singapore Gulf Bank (SGB). This collaboration aims to provide institutional clients with regulated fiat custody and 24/7 instant deposit and withdrawal services. The integration leverages SGB's banking infrastructure, specifically its in-house SGB Net real-time transfer capability and proprietary APIs. This infrastructure automates and standardizes Cactus Custody's fund flows, enabling support for both digital asset and fiat settlement. The partnership focuses on enhancing efficient, convenient, and compliance-driven fund management for institutional clients seeking to deploy funds safely and effectively.

Deconstructing Operational Mechanics

The alliance between SGB and Cactus Custody facilitates a direct integration of traditional banking and digital asset custody technologies. This enables institutions to achieve instant, regulated access to both fiat and crypto assets. The SGB Net real-time payment network is a core component, designed to streamline transactions and accelerate fund deployment for global institutional clients. This operational framework allows institutional users to manage both cash and digital assets within a single platform, reinforced by robust compliance and security controls. Cactus Custody's infrastructure is employed to standardize fund flows and reduce settlement times across multiple jurisdictions, thereby streamlining cross-border capital movement and automating fiat fund transfers securely and instantly.

Business Strategy and Market Positioning

This partnership positions both SGB and Matrixport's Cactus Custody at the forefront of bridging traditional financial services with the evolving digital asset landscape. SGB, identified as a crypto-friendly bank, strategically provides stable and continuous banking services within established regulatory frameworks, committing to the innovative finance sector. Cactus Custody, in turn, strengthens its fiat channels and custody capabilities for institutions, enhancing its offering with robust infrastructure and standardized processes supported by rigorous compliance controls. Both entities are advancing