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