Gate, a leading global digital asset trading platform, has entered into a strategic partnership with Liechtenstein-based Bank Frick to offer fiat on-ramp and off-ramp services for institutional clients across multiple jurisdictions. This collaboration aims to provide institutional clients with convenient access to mainstream fiat currencies. The initial phase supports multiple major fiat currencies, with plans for further service expansions to be announced soon.
Bank Frick boasts over 25 years of development and is renowned in the fields of regulated blockchain banking services, tokenization solutions, and innovative payment infrastructure. As a pioneer in the European blockchain sector, the bank has built a robust ecosystem encompassing crypto exchanges, market makers, and professional financial institutions, dedicated to bridging the traditional financial system and the digital asset space. Its self-developed xPULSE payment service operates 24/7, breaking through the limitations of traditional banking hours, enabling near-instant fiat transactions even outside regular cut-off times.
Through this partnership, Gate clients will utilize Bank Frick's xPULSE payment infrastructure to deposit and withdraw multi-currency fiat funds, supporting fiat trading of mainstream crypto assets on the Gate platform. This service reduces reliance on pre-conversion of regional currencies, allowing clients to trade directly with major fiat currencies and experience seamless settlement, which is particularly important for global institutional traders operating across time zones. All related services are executed in accordance with applicable regulatory and compliance standards, operating under a governance framework to ensure a secure and compliant trading environment.
"Mainstream 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 possesses professional expertise in connecting the traditional banking system and the crypto space, we are meeting this demand while upholding our commitment to compliant operations. This partnership further strengthens Gate's service capabilities, enabling hedge funds, asset management firms, family offices, and other eligible users to more easily participate in the mainstream crypto asset market through reliable fiat channels."
Mirko Pfiffner, Senior Solutions Manager at Bank Frick, added: "We are delighted to establish this partnership with Gate, further expanding regulated fiat and crypto asset on-ramp and off-ramp channels for global clients. Our xPULSE infrastructure is tailor-made for the digital asset industry, featuring 24/7 operation capabilities, efficient settlement mechanisms, and a strong emphasis on compliance. This collaboration reinforces our mission to provide secure and robust fiat on-ramp and off-ramp channels for the global crypto ecosystem."
This partnership marks a significant step for Gate in continuously strengthening its fiat infrastructure and institutional service capabilities. By deepening cooperation with regulated banking partners, Gate continues to optimize access experience, settlement efficiency, and compliance capabilities, further solidifying its position as a vital 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 European bank 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 services. It is the only bank in Liechtenstein holding acquiring licenses from both Visa and Mastercard. The bank has been family-owned since 1998, is headquartered in Balzers with approximately 300 employees, and has branches in London and Dubai. Bank Frick is ISO 27001 certified and is committed to being a bridge between traditional finance and digital business models.
About Gate
Founded in 2013 by Dr. Han, its Founder and CEO, Gate is one of the world's leading cryptocurrency trading platforms. The platform serves over 50 million users and supports trading for over 4,500 crypto assets. As an industry benchmark, Gate was among the first to achieve 100% Proof of Reserves. Its ecosystem encompasses diverse services including Gate Wallet and Gate Ventures.
To learn more, please visit: Website | X | Telegram | LinkedIn | Instagram | YouTube
Disclaimer:
This content does not constitute any offer, solicitation, or recommendation. You should always seek independent professional advice before making any investment decision. Please note that Gate may restrict or prohibit all or part of its services from restricted regions. Please read the User Agreement for more information at: https://www.gate.com/zh/user-agreement.
