Gate and Bank Frick have entered into a strategic partnership to launch a channel for institutional fiat currency deposits and withdrawals.

PANews reported on March 11 that Gate.com announced a strategic partnership with Bank Frick, a Liechtenstein bank, to launch fiat currency deposit and withdrawal services for institutional clients across multiple jurisdictions. The initial phase will support several major fiat currencies, with plans to further expand global services in the future.

By integrating with Bank Frick's xPULSE payment infrastructure, Gate clients can access and withdraw fiat currencies in multiple currencies and directly trade mainstream crypto assets in fiat currencies. The system operates 24/7, breaking through the limitations of traditional bank operating hours and enabling near-instant settlement, providing an efficient funding channel for institutional traders across time zones.

Bank Frick has over 25 years of experience in regulated blockchain banking services, asset tokenization, and innovative payment infrastructure, and has a long history of serving crypto exchanges, market makers, and specialized financial institutions. This collaboration will help further improve the efficiency of institutional clients' access to the digital asset market, while strengthening Gate's capabilities in fiat currency infrastructure and compliance systems.