“The partnership between First Digital and SGB has allowed us to streamline FDUSD transactions with greater speed and confidence. Clients benefit from smoother onboarding, fewer compliance-related delays, and more efficient liquidity arrangements, especially during minting and redemption cycles.” — Vincent Chok, Founder and CEO, First Digital

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A faster banking layer for FDUSD operations

FDUSD operates in a market where timing matters, especially during minting and redemption cycles. But traditional banking processes can introduce delays, inconsistent review timelines, and operational complexity for stablecoin issuers and their clients.

Singapore Gulf Bank (SGB) supports First Digital’s FDUSD operations with banking infrastructure designed to keep pace: clear compliance workflows, efficient settlement pathways, and account structures built for institutional stablecoin flows.

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The challenge

Stablecoin issuers need banking partners that can support high-frequency flows without introducing unnecessary friction. Common constraints include:

Why SGB

First Digital selected SGB to support FDUSD operations for three core reasons:

1) Compliance clarity

SGB operates with workflows aligned to digital asset realities. This helps reduce unnecessary pauses and supports smoother review and approval processes across FDUSD-related flows.

2) Cost efficiency

SGB’s pricing structure supports more efficient unit economics—important when transactions are frequent and volume scales over time.

3) Multi-account architecture

First Digital uses a multi-account setup to support OTC operations and reduce operational risk. This improves accuracy across settlement, accounting, and finance processes while minimizing manual handling.

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How the partnership works

SGB supports First Digital’s receipt and payment requirements and coordinates incoming and outgoing fiat flows tied to FDUSD operations.

Two areas where this becomes most visible:

• Efficient transfers: When brokers and partners are also on SGB, transfers can occur in near real-time via SGB Net, turning uncertain timelines into a more predictable rhythm.
• Integrated cash management: First Digital uses interest-bearing and fixed deposit accounts to manage liquidity, helping optimize idle balances without compromising redemption readiness.

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The impact

This partnership provides a more streamlined banking layer for FDUSD operations, where speed, compliance alignment, and cost efficiency reinforce one another.

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Contact our team to join the network.

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