Silvergate Capital company
Overview
Silvergate Capital was a bank holding company that operated Silvergate Bank, a state-chartered bank focused on providing financial services to cryptocurrency and blockchain companies. It was best known for its Silvergate Exchange Network (SEN), a real-time payment platform enabling instant transfers between participating crypto exchanges. The bank voluntarily liquidated in 2023 following significant financial stress linked to the collapse of FTX.
Relations
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Frequently asked questions
What type of company is Silvergate Capital?
Silvergate Capital was a bank holding company that operated Silvergate Bank, a state-chartered bank focused on providing financial services to cryptocurrency and blockchain companies.
What was the Silvergate Exchange Network (SEN)?
The Silvergate Exchange Network (SEN) was a real-time payment platform enabling instant transfers between participating crypto exchanges.
Why did Silvergate Capital liquidate in 2023?
Silvergate Capital voluntarily liquidated in 2023 following significant financial stress linked to the collapse of FTX.