On May 2, it was announced that Gulf Bank of Singapore (SGB), a fully licensed digital bank, launched SGBNet, 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 limited by traditional bank operating hours. To create an integrated digital financial network, SGBNet is attracting 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. It serves global investors, innovators and institutions. It is mainly oriented to the digital economy, empowering the seamless connection between digital finance and traditional finance, and establishing financial connectivity in Asia and the Middle East and North Africa (MENA) region.