The crypto-friendly digital bank, Singapore Gulf Bank, is reportedly seeking a $50 million fund injection as it aims to acquire a stablecoin payments company in 2025. On Nov. 25, Bloomberg reported that Singapore Gulf Bank plans to sell 10% of its equity by early 2025 to raise the required funds, citing anonymous sources familiar with the matter. The bank, run by the Singapore-based Whampoa Group, recently obtained operational license approval in Bahrain. A spokesperson for Singapore Gulf Bank declined to comment on the speculation, stating the company’s “policy of not discussing ongoing strategic initiatives” in a statement to Cointelegraph. Giving
