Gate and Bank Frick have entered into a strategic partnership to launch multi-currency fiat currency deposit and withdrawal services.

Gate.com, a leading global digital asset trading platform, announced a strategic partnership with Bank Frick, a Liechtenstein bank, to launch fiat currency deposit and withdrawal services for institutional clients across multiple jurisdictions. This collaboration aims to provide institutional clients with convenient access to major fiat currencies, initially supporting several major currencies. Further global service expansion plans will be announced soon.

With over 25 years of experience, Bank Frick enjoys a strong reputation in regulated blockchain banking services, tokenization solutions, and innovative payment infrastructure. As a pioneer in the European blockchain sector, it has built a robust ecosystem encompassing crypto exchanges, market makers, and specialized financial institutions, dedicated to connecting the traditional financial system with the digital asset space. Its self-developed xPULSE payment service operates 24/7, breaking through the limitations of traditional bank operating hours and enabling near-instantaneous fiat currency transactions even outside of regular closing times.

Through this partnership, Gate clients will be able to deposit and withdraw multi-currency fiat funds via Bank Frick's xPULSE payment infrastructure, and support fiat trading of major crypto assets on the Gate platform. This service reduces reliance on regional currency pre-conversion, allowing clients to trade directly in major fiat currencies and enjoy a seamless settlement experience, which is particularly important for global institutional traders operating across time zones. All services are conducted in accordance with applicable regulatory and compliance standards and operate within a governance framework to ensure a secure and compliant trading environment.

“Major fiat currencies remain the core foundation of global digital asset trading, and our clients have long awaited a compliant and convenient multi-currency access solution,” said Dr. Han, founder and CEO of Gate. “By partnering with Bank Frick, which has expertise in connecting the traditional banking system and the crypto space, we are meeting this need while remaining committed to compliant operations. This collaboration further strengthens Gate’s service capabilities, enabling hedge funds, asset management firms, family offices, and other eligible users to participate in the mainstream crypto asset market more easily through reliable fiat currency channels.”

Mirko Pfiffner, Senior Solutions Manager at Bank Frick, added, “We are delighted to partner with Gate to further expand regulated fiat and crypto asset deposit and withdrawal channels for our global clients. Our xPULSE infrastructure is tailored for the digital asset industry, offering 24/7 operation, efficient settlement mechanisms, and a strong commitment to compliance. This partnership reinforces our mission to provide secure and robust fiat currency deposit and withdrawal channels for the global crypto ecosystem.”

This collaboration marks a significant step forward for Gate in continuously strengthening its fiat currency infrastructure and institutional service capabilities. By deepening its partnerships with regulated banks, Gate continues to optimize access experience, settlement efficiency, and compliance capabilities, further solidifying its position as a crucial gateway connecting traditional finance and the digital asset economy.

About Bank Frick

Bank Frick is one of the pioneers of regulated blockchain banking services in Europe, becoming the first bank in Europe to offer such services in 2018. In addition to traditional banking services, Bank Frick focuses on asset tokenization, innovative fund solutions, capital market trading, and credit card acquiring, and is the only bank in Liechtenstein to hold both Visa and Mastercard acquiring licenses. Family-owned since 1998, the bank is headquartered in Balzes with approximately 300 employees, and has branches in London and Dubai. Bank Frick is ISO 27001 certified and aims to be a bridge between traditional finance and digital business models.

About Gate

Founded in 2013 by Dr. Han, Gate is one of the world's leading cryptocurrency trading platforms. The platform serves over 50 million users and supports trading in more than 4,500 crypto assets. As an industry benchmark, Gate was the first to achieve 100% proof of reserves, and its ecosystem encompasses diverse services such as Gate Wallet and Gate Ventures.

Disclaimer:

This content does not constitute an invitation, solicitation, or recommendation. You should always seek independent professional advice before making any investment decisions. Please note that Gate may restrict or ban all or part of the service from restricted regions. Please read the User Agreement for more information, link: https://www.gate.com/zh/user-agreement .