Matrixport’s wholly-owned OTC subsidiary, Fly Wing, has partnered with regulated international digital bank Singapore Gulf Bank (“SGB”) to strengthen global settlement channels and financial infrastructure. The collaboration will provide institutional clients engaged in OTC trading with access to SGB’s fund settlement capabilities.

As a Major Payment Institution (“MPI”) licensed by the Monetary Authority of Singapore (“MAS”), Fly Wing will leverage SGB’s enterprise banking and cross-border settlement capabilities to support more seamless operations, enabling flexible and reliable settlement solutions for institutional clients.

Looking ahead, Matrixport aims to expand partnerships with global financial institutions and support the ongoing development of integration between digital assets and traditional finance, contributing to robust and future-ready infrastructure for the industry.