Matrixport’s Fly Wing Partners with SGB for Global Settlements
Fly Wing joins hands with Singapore Gulf Bank to boost global settlements and improve cross-border financial infrastructure.
- Fly Wing partners with regulated digital bank SGB.
- Focus on flexible, cross-border settlement solutions.
- Strengthens global financial infrastructure.
Matrixport’s subsidiary, Fly Wing, has entered a major partnership with Singapore Gulf Bank (SGB), a regulated digital bank. This collaboration aims to enhance global settlement channels and strengthen the underlying financial infrastructure. As a fully-owned entity under Matrixport, Fly Wing is expanding its reach by tapping into the enterprise banking and international settlement capabilities of SGB.
With digital asset firms often facing limitations in traditional banking environments, this partnership offers a fresh approach to managing cross-border transactions. By working with a regulated institution like SGB, Fly Wing can ensure faster, more secure, and compliant settlements across various jurisdictions.
Enhancing Cross-Border Payment Solutions
Fly Wing plans to utilize SGB’s infrastructure to deliver highly flexible and scalable cross-border settlement options. These solutions are designed to support crypto-related businesses and institutional clients needing seamless access to international payment rails.
SGB’s expertise in digital banking and cross-border operations makes it an ideal partner for Fly Wing, especially as the global demand for compliant digital asset financial services continues to grow. The partnership signifies a strategic move toward integrating traditional financial frameworks with emerging digital finance.
Strengthening Infrastructure for the Future
This collaboration also supports Matrixport’s broader mission to develop robust, regulated financial tools for the crypto economy. By combining Fly Wing’s operational strength with SGB’s digital banking network, the two entities aim to bridge the gap between crypto and traditional finance.
As digital assets become more mainstream, initiatives like this are crucial for building a reliable financial infrastructure that supports global scalability and regulatory compliance.
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