PANews reported on May 2 that Singapore Gulf Bank (SGB), a fully licensed digital bank, launched SGB Net, a real-time multi-currency clearing network designed to meet the growing operational needs of digital asset participants. The platform supports free transfers around the clock without relying on SWIFT or being restricted by traditional banking hours. In order to create an integrated digital financial network, SGB Net is absorbing all participants in the global digital economy, including cryptocurrency exchanges, stablecoin issuers, market makers, over-the-counter trading platforms and prime brokers. SGB is the first fully licensed digital bank in the Middle East and North Africa, serving global investors, innovators and institutions, mainly focusing on the digital economy, enabling seamless connection between digital finance and traditional finance, and establishing financial connectivity between Asia and the Middle East and North Africa (MENA) region.