Silvergate Provides Statement on Digital Asset Market Volatility


LA JOLLA, Calif.–(BUSINESS WIRE)–Silvergate Capital Corporation (the “Company” or “Silvergate”) (NYSE:SI), the leading provider of innovative financial infrastructure solutions for the digital asset industry, today released the following statements regarding the recent volatility in the digital asset market.

“As a prudently regulated bank, we manage our balance sheet to provide liquidity to our customers while maintaining a strong capital position in excess of the capitalization status required by federal banking regulations,” said Alan Lane, Managing Director of Silvergate. . “We are a key infrastructure provider with an established track record, giving our customers the confidence they need in times like these. »

Mr Lane added: “In addition to our available-for-sale portfolio of $8.3 billion as of September 30, 2022, as a federally regulated banking institution, we have the ability to borrow from the Federal Home Loan Bank and the Federal Reserve Bank, further strengthening our liquidity position.”

Silvergate’s flagship product, the Silvergate Exchange Network (“SEN”), continues to offer customers the ability to transfer US dollars 24/7.”When our clients want to take advantage of trading opportunities on the more than 100 different exchanges that do business with Silvergate, the SEN facilitates those funds flows in near real-time, 24/7,” said Ben Reynolds, President of Silvergate. .

Silvergate also provides selected and subscribed customers with access to Bitcoin-backed loans known as SEN Leverage. To date, these loans have continued to operate as intended with zero losses and zero forced liquidations.

About Silvergate

Silvergate Capital Corporation (NYSE:SI) is the leading provider of innovative financial infrastructure solutions and services for the growing digital asset industry. The company’s real-time payments platform, known as the Silvergate Exchange Network, is at the heart of its suite of customer-centric payment, lending and financing solutions, serving a growing class from digital asset companies and investors around the world. Silvergate is enabling the rapid growth of digital asset markets and reshaping global commerce for a digital asset future.


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