Gate partners with Bank Frick to launch Fiat on-off ramp service

Gate, a well-known cryptocurrency exchange, has announced a historic partnership with Bank Flick, a Liechtenstein-based bank, to launch on-ramp and off-ramp fiat services for institutional customers in various jurisdictions. The purpose of this integration is clear. We aim to provide 24/7 currency exchange services with seamless access worldwide.

Both platforms have a unique position in the global market by providing the best services to their clients, and Bank Frick leverages its expertise to regulate blockchain banking, tokenization solutions, and its own payment infrastructure. Bank Frick has been able to earn people’s trust because it is the pioneer and only European blockchain bank. Gate revealed this news through its official social media X account.

Collaboration between Gate and BankFlick enhances access to global fiat currencies

The collaboration between Gate and Bank Frick will play a key role in reducing pre-conversion efforts for customers. Gate customers can take advantage of the bank’s xPULSE infrastructure, as well as seamless fiat-to-crypto conversion services from Bank Frick. Additionally, this partnership also facilitates clients in terms of facilitating 24/7 deposit and withdrawal services across the globe.

Dr. Han, Founder and CEO of Gate, said: “Major fiat currencies remain the backbone of global digital asset trading, and our customers have long asked for a regulated and convenient solution for multi-currency access.”

“By partnering with Bank Frick, which has expertise in bridging traditional banking and cryptocurrencies, we are responding to that demand while maintaining our commitment to regulatory compliance. This partnership strengthens Gate’s services and makes it easier for hedge funds, asset managers, family offices, and other eligible users to engage with mainstream cryptocurrencies through trusted fiat channels.”

Gate and Bank Frick collaboration expands access to global cryptocurrencies

The integration of Gate and Bank Flick is a perfect example of bridging traditional finance (TradFi) and decentralized finance (DeFi) in action. Additionally, this bond also demonstrates Gate’s intent to enhance accessibility, efficiency, and compliance for its clients.

Bank “We are excited to partner with Gate to expand access to regulated fiat currencies for our customers around the world,” said Mirko Pfiffner, Senior Solutions Manager at Frick. , specifically built to meet the unique needs of the digital asset industry with a strong focus on compliance. This partnership strengthens our mission to power the secure and robust fiat on-off launch of the global cryptocurrency ecosystem.”