Matrixport’s wholly owned OTC subsidiary, Fly Wing, has entered into a strategic partnership with Singapore Gulf Bank (SGB), a regulated international digital bank, to enhance global settlement channels and strengthen financial infrastructure for institutional digital asset clients.
The announcement marks another step in Matrixport’s efforts to bridge traditional banking systems with crypto-native services. Under the collaboration, Fly Wing will integrate SGB’s enterprise banking capabilities and cross-border settlement network into its OTC operations.
As a Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS), Fly Wing will leverage SGB’s regulated settlement rails to streamline fund flows for institutional traders, improving speed, reliability, and operational flexibility.
The companies said the partnership aims to deliver more robust and compliant settlement solutions for institutions engaged in high-volume over-the-counter crypto trading. Access to SGB’s infrastructure is expected to reduce friction in moving funds across markets, providing a critical layer of stability as digital asset firms increasingly adopt bank-grade processes.
SGB, one of the region’s regulated digital banks, brings cross-border payment capabilities and enterprise-grade financial services designed for global digital asset participants. By integrating these services, Fly Wing intends to enhance its role as a trusted financial intermediary in a rapidly evolving market.
Matrixport noted that the partnership reflects its broader objective of strengthening interoperability between digital asset platforms and traditional financial institutions. As digital assets gain wider institutional acceptance, secure and compliant settlement solutions have become essential to supporting liquidity, risk management, and overall market resilience.
Looking ahead, Matrixport said it plans to expand collaborations with international financial institutions to continue building future-ready infrastructure that supports the convergence of traditional finance and digital asset markets.
The firm emphasized that partnerships like the one with SGB will play a pivotal role in establishing global standards for settlement, reducing operational bottlenecks, and promoting institutional confidence in the digital asset ecosystem.