Aquanow and SGB Partnership

Aquanow, a digital asset platform catering to institutional clients such as banks, neobanks, brokerages, and payment companies, has partnered with SGB, a fully licensed digital bank in Bahrain. This collaboration aims to enhance fiat banking accessibility for the digital asset sector.

Combining Traditional and Digital Finance

The partnership integrates SGB’s secure and regulated banking infrastructure with Aquanow’s digital asset services, creating a seamless bridge between traditional financial systems and the digital economy. SGB provides simplified transitions between digital and traditional finance, facilitating connectivity between Asia and the Middle East-North Africa (MENA) regions.

Partnership Details

Aquanow’s global clientele can now open USD bank accounts, settle trades, and transfer funds freely through SGB’s comprehensive SWIFT membership and regulatory status. This partnership will enable businesses to move assets in various currencies such as USD, AED, SAR, BHD, SGD, EUR, HKD, and CNH. The collaboration also integrates Aquanow’s digital asset services with SGB’s regulated banking network and real-time settlement platform, SGB Net, simplifying the transition between crypto and fiat.

Industry Impact

This partnership is timely given the increasing institutional adoption of digital assets in regions like the MENA and Asia, which are leading due to their progressive regulatory frameworks and growing demand for blockchain-based financial services. By integrating Aquanow with SGB’s infrastructure, users can access direct fiat-crypto conversions on SGB’s platform, thus increasing the functionality of bank accounts for both retail and institutional users.