Singapore Gulf Bank Joins BNY's Correspondent Banking Network and Fixed Income Brokerage Platform

Singapore Gulf Bank (NYSE:BK) announced on April 7, 2026 that it joined BNY's correspondent banking network and onboarded to BNY's Fixed Income Brokerage platform.

Rhea-AI Summary

Singapore Gulf Bank (NYSE:BK) announced on April 7, 2026 that it joined BNY's correspondent banking network and onboarded to BNY's Fixed Income Brokerage platform. The partnership adds a U.S. dollar clearing provider, expands SGB's payment infrastructure, and enables trading of money market funds and U.S. Treasury bills for crypto-native clients.

This integration aims to support 24/7 USD settlement, let clients allocate digital-asset capital into traditional fixed income, and position BNY as SGB's institutional vault and trading hub.

Positive

• 24/7 USD settlement capability via expanded correspondent network
• Access to U.S. Treasuries and money market funds for crypto-native clients
• Broader USD clearing options complementing existing Wire 365 integration

Negative

• No disclosed financial terms or quantified revenue/volume impact
• Execution risk in integrating custody and trading for crypto flows

Argus Apr 7 session

+0.80% close to close Open Argus

Details

News Market Reaction – BK

On Apr 7, the day this news came out, BK closed 0.80% above the previous close.

Data tracked by StockTitan Argus for the Apr 7 session.

Key Figures

Settlement availability: 24/7

Settlement availability

24/7

Real-time USD settlement support for global corporates

Historical Context

5 past events · Latest: Apr 02

5 events

1. Apr 02

   Annual meeting notice

   24h Move

   +1.0%

   Announcement of virtual 2026 annual stockholder meeting and participation details.

2. Mar 30

   Fund distributions

   24h Move

   +3.0%

   Monthly distributions declared for two BNY Mellon municipal bond closed-end funds.

3. Mar 24

   High-yield dividend

   24h Move

   +0.1%

   High Yield Strategies Fund declared unchanged monthly cash dividend for shareholders.

4. Mar 03

   Infrastructure fund payout

   24h Move

   +0.4%

   Municipal Bond Infrastructure Fund announced level-rate monthly distribution policy.

5. Mar 02

   Tokenized share launch

   24h Move

   +0.3%

   Launch of tokenized Treasury instruments share class via BNY’s LiquidityDirect platform.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

correspondent banking, fixed income brokerage, money market funds, u.s. treasury bills, +1 more

5 terms

correspondent banking financial

"By joining BNY's correspondent banking network, SGB adds a leading U.S. dollar..."

A network arrangement where one bank provides payment, settlement and foreign-exchange services on behalf of another bank so customers can send and receive money across regions where the sending bank has no branch. Think of it as a local post office using an international partner to deliver mail: it enables cross-border trade and remittances, generates fee income for the servicing bank, and creates operational and compliance risks that can affect bank profitability and market access.

fixed income brokerage financial

"onboarding to its Fixed Income Brokerage platform."

A fixed income brokerage is a financial firm or service that helps investors buy, sell and manage debt securities such as government and corporate bonds, municipal notes, and other loan-based investments. Think of it like a specialized marketplace or dealer for loans: the brokerage finds counterparties, executes trades, provides pricing and research, and helps with settlement and custody. Investors use these services to access steady income, diversify portfolios, and manage interest-rate and credit risk more efficiently.

money market funds financial

"platform now enables the trading of money market funds and U.S. Treasury bills..."

A money market fund is a pooled investment that buys very short-term, low-risk debt like government bills and commercial paper to provide a safe place to park cash. Think of it as a public savings jar that aims to preserve your money while paying a small amount of interest and allowing quick access—important to investors who want liquidity and capital protection without locking funds into longer-term, higher-risk investments.

u.s. treasury bills financial

"enables the trading of money market funds and U.S. Treasury bills..."

U.S. Treasury bills are short-term government IOUs sold to investors to raise cash for federal operations; they mature in a year or less and are typically bought at a slight discount and redeemed for their full face value. They matter to investors because they are viewed as one of the safest, most liquid places to park cash, serve as a baseline for short-term interest rates, and influence borrowing costs and portfolio decisions much like a conservative savings option.

digital assets financial

"allocate capital from digital assets into traditional fixed income."

Digital assets are electronic files or representations of value stored electronically, such as cryptocurrencies, digital tokens, or digital art. They matter to investors because they can be bought, sold, and used for transactions much like physical assets, but exist entirely in digital form, offering new opportunities for investment and financial innovation.

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MANAMA, Bahrain, April 7, 2026 /PRNewswire/ -- Singapore Gulf Bank (SGB), a fully licensed bank backed by Whampoa Group and Mumtalakat, today announced a partnership with BNY, joining its correspondent banking network and onboarding to its Fixed Income Brokerage platform.

By joining BNY's correspondent banking network, SGB adds a leading U.S. dollar clearing provider to its expanding network of correspondent banking and payment infrastructure. This relationship strengthens SGB's ability to support real-time, 24/7 settlement for global corporates.

In addition, BNY's Fixed Income Brokerage platform now enables the trading of money market funds and U.S. Treasury bills, allowing SGB's crypto-native clients to access U.S. government securities through these funds/instruments. This expansion of SGB's product suite provides clients with an additional option to allocate capital from digital assets into traditional fixed income.

This partnership is the latest step in SGB's strategy to build an efficient, compliant banking stack that integrates both digital and traditional currencies. SGB Net, the bank's proprietary settlement network, is already integrated with J.P. Morgan's Wire 365 to provide rapid, 24/7 USD settlement and clearing. This integration with BNY serves as the institutional vault and trading hub, where funds can be invested into secure assets like U.S. Treasuries.

About 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 BNY

BNY is a global financial services company that helps make money work for the world — managing it, moving it and keeping it safe. For more than 240 years BNY has partnered alongside clients, putting its expertise and platforms to work to help them achieve their ambitions. Today BNY helps over 90% of Fortune 100 companies and nearly all the top 100 banks globally access the money they need. BNY supports governments in funding local projects and works with over 90% of the top 100 pension plans to safeguard investments for millions of individuals, and so much more. As of September 30, 2025, BNY oversees $57.8 trillion in assets under custody and/or administration and $2.1 trillion in assets under management.

BNY is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Headquartered in New York City, BNY has been named among Fortune's World's Most Admired Companies and Fast Company's Best Workplaces for Innovators. Additional information is available on www.bny.com. Follow on LinkedIn or visit the BNY Newsroom for the latest company news.

Media Contact:  Ben Kieboom, ben.kieboom@wachsman.com, +447427901472

View original content:https://www.prnewswire.com/news-releases/singapore-gulf-bank-joins-bnys-correspondent-banking-network-and-fixed-income-brokerage-platform-302734867.html

SOURCE Singapore Gulf Bank

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Singapore Gulf Bank (BK) announce on April 7, 2026 about BNY?

SGB joined BNY's correspondent banking network and onboarded to its Fixed Income Brokerage platform. According to the company, this adds U.S. dollar clearing and enables trading of money market funds and U.S. Treasury bills for its clients.

How does the BNY partnership change SGB (BK) settlement capabilities?

SGB gains an additional U.S. dollar clearing provider to support near real-time settlement. According to the company, this strengthens 24/7 USD settlement and complements SGB Net and J.P. Morgan Wire 365 integrations.

What fixed-income products can SGB (BK) clients access through BNY?

Clients can trade money market funds and U.S. Treasury bills via BNY's Fixed Income Brokerage platform. According to the company, this gives crypto-native clients a route to allocate digital-asset capital into traditional Treasuries and funds.

Will the BNY link affect SGB (BK) custody or vault services?

BNY will serve as an institutional vault and trading hub for SGB funds. According to the company, this integration positions BNY to hold and enable investments into secure assets like U.S. Treasuries.

Does the announcement for SGB (BK) include financial terms or revenue guidance?

No, the announcement does not disclose deal value, fees, or expected revenue impact. According to the company, the release focuses on capability expansion and product access rather than financial guidance.