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

Gate.co.uk has announced a strategic partnership with Liechtenstein bank Bank Frick 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 service coverage in the future. By integrating with Bank Frick's xPULSE payment infrastructure, Gate.co.uk clients can deposit 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.