🚀 Singapore Gulf Bank is on a mission to expand its crypto horizons, eyeing a $50 million fund boost to snag a stablecoin payments firm by 2025. The bank, run by the Whampoa Group, plans to sell 10% of its equity, potentially to a Middle East sovereign wealth fund.

With investors in Bahrain, Dubai, and Abu Dhabi leading the Web3 charge, the Middle East is a crypto hotspot, accounting for 7.5% of global transactions. The UAE even rolled out custodial insurance to safeguard against hacks. Looks like the crypto scene is gearing up for a wild ride!