Silvergate
About Silvergate
Silvergate is a Federal Reserve member bank and the leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry, based in La Jolla, California.
Its real-time payments platform, known as the Silvergate Exchange Network, is at the heart of its customer-centric suite of payments, lending and funding solutions serving an expanding class of digital currency companies and investors worldwide.
Silvergate was founded in 1988 and has been consistently profitable for 20+ years and its stock is publicly traded on the NYSE (SI).
Silvergate News
Bankruptcy
Crypto powerhouse Silvergate Capital bank files for bankruptcy after 18-month wind-down
Regulatory challenges and massive withdrawals by clients forced Silvergate to cease operations and ultimately file for bankruptcy.
- Federal Reserve ends enforcement action against Silvergate Bank after successful liquidation
The action, effective since May 2023, required the bank to liquidate and wind down its operations in a manner that protected its depositors.
- Silvergate settles SEC lawsuit for $50 million; Fed, California regulator demand $63 million fine
SEC allegations concern Silvergate's assurances amidst the collapse of FTX.
- Silvergate to submit shutdown plan in coming days after Federal Reserve order
Silvergate has ten days to submit its plan, plus ten days to enact it after approval.
Silvergate Team
Kate Fraher
Chief Risk Officer
Silvergate Support
All images, branding and wording is copyright of Silvergate. All content on this page is used for informational purposes only. CryptoSlate has no affiliation or relationship with the company mentioned on this page.
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