TheBlock
2022-06-07 17:58:31

Silvergate Company Intelligence

Quick Take$2.5bn Market Capitalization as of June 2022 following their Nov-19 initial public offering La Jolla, California based commercial bank operating since 1988 with expansion into digital assets starting in 2013 Operates the Silvergate Exchange Network (SEN), allowing clients to convert between stablecoins and fiat 24 / 7 / 365SEN Leverage product provides SEN clients U.S. denominated loans collateralized by Bitcoin holdingsProvides digital asset clients with crypto custody with partnerships with Coinbase Custody and Fidelity Digital AssetsDec-21 announcement of EJF Silvergate Ventures Fund, a joint investment vehicle with EJF Capital focused on early-stage investingRecently acquired intellectual property (IP) and other technology assets from the Diem Group related to operating a blockchain payment networks

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.