Singapore Gulf Bank seeks $50M to fund stablecoin firm acquisition
Mon, Nov 25, 2024 5:10 PM

Singapore Gulf Bank seeks $50M to fund stablecoin firm acquisition

A Flip by Shubhangi Gupta
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The crypto-friendly digital bank Singapore Gulf Bank is reportedly looking for a fund injection of at least $50 million as it plans to acquire a stablecoin payments company in 2025. On Nov. 25, Bloomberg reported that Singapore Gulf Bank was willing to sell 10% of its equity by early 2025 to raise funds for an acquisition, citing anonymous people with direct knowledge of the matter.

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