Svmuu News: Digital asset trading platform Gate announced a strategic partnership with Liechtenstein-based bank Bank Frick to launch fiat on-ramp and off-ramp services for institutional clients across multiple jurisdictions. The initial phase will support multiple major fiat currencies, with plans to further expand the global service scope in the future.
By integrating with Bank Frick's xPULSE payment infrastructure, Gate clients can access multi-currency fiat deposits and withdrawals and directly trade mainstream crypto assets against fiat. The system operates 24/7, breaking through traditional banking hour limitations to achieve near-instant settlement, providing an efficient capital 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 long served crypto exchanges, market makers, and professional financial institutions. This partnership is expected to further enhance the efficiency for institutional clients to access the digital asset market, while strengthening Gate's capabilities in fiat infrastructure and compliance systems.