Gate has announced a strategic partnership with Liechtenstein's Bank Frick to offer fiat currency deposit and withdrawal services for institutional clients. This collaboration will initially support several major fiat currencies, with plans for global expansion. By leveraging Bank Frick's xPULSE payment infrastructure, Gate clients can conduct 24/7 fiat transactions and trade crypto assets directly in fiat currencies, enhancing efficiency for institutional traders.
Bank Frick, with over 25 years of experience in blockchain banking and payment infrastructure, has a history of serving crypto exchanges and financial institutions. This partnership aims to improve institutional access to digital assets and strengthen Gate's fiat currency infrastructure and compliance capabilities.
Gate Partners with Bank Frick for Institutional Fiat Services
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