Key Takeaways
- Aquanow teams up with SGB, a Bahrain-regulated digital bank.
- Clients gain access to USD bank accounts and real-time settlements.
- Partnership streamlines crypto-to-fiat conversion for global markets.
Aquanow Expands Crypto-Fiat Services via SGB Partnership
Aquanow, a crypto infrastructure provider, has announced3 a strategic partnership with SGB, a digital bank licensed and regulated by the Central Bank of Bahrain. The initiative intends to link financial services with both crypto and traditional banking sectors.
As a result3 of this collaboration, Aquanow users will enjoy a simple and hassle-free conversion between cryptocurrencies and fiat currencies. They can also open bank accounts denominated in USD in a regulated framework and perform transaction settlements in real-time.
The step signifies how Aquanow is in the position to satisfy the demand for compliant, transparent, and swift cross-border payment solutions. This is especially the case of businesses and institutional traders who are looking for direct access to banking infrastructure along with crypto markets.
Strengthening Crypto’s Link to Regulated Banking
Regulatory frameworks that have been such a big encouragement to blockchain innovations have made Bahrain become the next financial center in the Middle East. Once it has partnered with SGB, Aquanow will be stationed in a jurisdiction that is known for its high compliance standards and a fintech-friendly approach.
CEO of Aquanow, Phil Sham, pointed out that through the integration, clients will be able to execute deals right at the nexus of crypto liquidity and regulated finance. The result will be quicker settlement times, a lesser chance of operational errors, and an enhanced level of trust in digital asset transactions.
For SGB, the collaboration marks a step forward in bridging conventional banking services with the evolving world of blockchain-based finance.
Summary
Aquanow’s partnership with Bahrain’s SGB offers clients a one-stop solution for crypto-fiat conversions, USD banking access, and real-time settlements. By combining Aquanow’s crypto infrastructure expertise with SGB’s regulated banking framework, the deal represents a significant milestone in uniting digital assets with traditional financial services, setting the stage for faster, safer, and more compliant global transactions.
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