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Silvergate Bank

Silvergate Bank

Silvergate Bank is a La Jolla, California-based commercial bank and financial technology company that provides financial infrastructure solutions and services for the digital currency industry.

Silvergate Bank, also known as Silver Capital Corporation, is a Federal Reserve member commercial bank and financial technology company specializing in banking for digital currency exchanges, cryptocurrency activities, bitcoin miners, institutional investors, software developers, and financial technology companies. Silvergate is based in La Jolla, California. The bank was founded in 1988 by Derek Eisele and began its digital currency initiative in 2013. Silvergate stock went public with an IPO November 7, 2019, and is traded on the NYSE (ticker: SI).

Silvergate offers commercial lending and commercial banking services including business banking accounts, commercial real estate, mortgage warehouse, and cash management. Silvergate also offers a suite of digital financial infrastructure, payments, lending and funding solutions and services for companies and investors in the digital currency industry, to enable the growth of digital currency markets and digital commerce. Silvergate operates its real-time payments platform, known as the Silvergate Exchange Network, as well as SEN leverage, institutional custody services, and banking APIs to create an open banking platform.

Timeline

January 20, 2021
Silvergate Bank raises a $287,500,000 private equity.
November 7, 2019
Pro-Crypto Silvergate Bank goes public in listing on NYSE
February 26, 2018
Silvergate Bank raises a $114,000,000 corporate funding round.
2013
Silvergate Bank begins is digital currency initiative.
1988
Silvergate Bank is founded by Derek Eisele.

Funding Rounds

Acquisitions

Patents

Further Resources

Title
Author
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Silvergate Capital: A Key Player in the Bitcoin Ecosystem

News

Title
Author
Date
Publisher
Description
Yogita Khatri
June 10, 2021
The Block
Crypto-friendly Silvergate Bank has abruptly cut ties with crypto exchange operator Binance, The Block can confirm.
Samantha Hurst
April 19, 2021
Crowdfund Insider
Click HERE to find out ⭐ Liquid Announces Support of Instant USD Settlement on Silvergate Exchange Network. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Liquid.com
April 19, 2021
www.prnewswire.com:443
/PRNewswire/ -- Liquid, one of the world's largest cryptocurrency-fiat exchange platforms by trade volume, is working with Silvergate Bank, a California-based...
February 26, 2019
WebWire
Silvergate Bank has selected Finastra's Total Payments to expand its innovative financial infrastructure with an API-enabled solution for payment processing. With a technology-focused approach and a savvy customer base, Silvergate sought a technology partner that complemented its progressive approach to leveraging open APIs and innovation to provide leading financial solutions. The San Diego-based bank serves the digital currency industry and is well-positioned to continue to innovate i...

References

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