First Digital and Singapore Gulf Bank Partner to Streamline Institutional Banking Infrastructure for FDUSD Operations

Singapore Gulf Bank (SGB) and First Digital announce a strategic partnership to provide high-performance banking layers for FDUSD, enabling near real-time settlement and optimized liquidity management for institutional stablecoin flows.

In a continued effort to bolster the transparency and operational resilience of the global stablecoin ecosystem, FDUSD—the fiat-backed stablecoin issued by First Digital Labs (FD121 (BVI) Limited)—has integrated with Singapore Gulf Bank (SGB) to enhance its core banking and settlement infrastructure. This collaboration addresses the traditional friction points inherent in legacy minting and redemption cycles, providing a robust, compliance-aligned framework for institutional participants globally.

As the digital asset market moves toward greater maturity, the demand for "always-on" banking infrastructure has become a mechanical necessity. Through SGB’s specialized digital asset banking architecture, FDUSD operations now leverage SGB Net, enabling near real-time internal payments and predictable settlement timing. This integration allows for sophisticated cash management strategies, including interest-bearing and fixed-deposit accounts, ensuring that treasury liquidity is optimized without compromising the immediate redemption readiness that defines the FDUSD mandate.

The partnership focuses on reducing the administrative latency often found in traditional financial systems by aligning banking workflows specifically to the realities of digital asset markets. By utilizing a multi-account architecture, the collaboration mitigates operational risk and improves accounting accuracy across global settlement and finance processes. This enables a pricing structure that remains cost-effective even as transaction frequencies scale for large-scale institutional deployments.

“The partnership between First Digital and SGB has allowed us to streamline FDUSD transactions with greater speed and institutional confidence,” said Vincent Chok, Founder and CEO of First Digital. “Our clients require a banking layer that matches the velocity of the digital asset market; SGB provides that bridge while maintaining the rigorous compliance and transparency standards our ecosystem demands.”

This collaboration reinforces FDUSD’s position as a premier, transparent stablecoin infrastructure provider. By bridging high-frequency fiat flows with blockchain-native settlement, First Digital and SGB are establishing a more efficient and compliant pathway for global stablecoin adoption, bridging the gap between traditional finance expectations and the capabilities of digital-first markets.

About Singapore Gulf Bank (SGB)

Singapore Gulf Bank (SGB) is a fully licensed digital wholesale bank that bridges traditional finance and the digital asset economy. Backed by Whampoa Group and Mumtalakat, the bank provides banking, digital asset management and stablecoin settlement services for businesses and individuals worldwide. SGB is regulated by the Central Bank of Bahrain. For more information, visit www.sgb.com.

About First Digital

First Digital’s mission is to empower financial fluidity in a digital-first world through compliance-first, high-transparency open finance solutions. FDUSD, its fiat-backed stablecoin, is designed to support diverse trading, settlement, and real-world payment applications, bridging the gap between traditional finance and decentralized ecosystems.

FDUSD is fully backed by cash and cash equivalents held in segregated, bankruptcy-remote trust accounts, with a transparency-first approach and monthly independent attestations.

FDUSD is not intended for use by U.S. individuals or entities. Minting and redemption services are not offered to persons located in the United States or acting on behalf of U.S. persons. To learn more about FDUSD, visit www.firstdigitallabs.com

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