LA JOLLA, Calif.–(BUSINESS WIRE)–Silvergate Capital Corporation (the “Company” or “Silvergate”) (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital asset industry, today issued the following statements regarding recent digital asset market volatility.
“As a prudentially regulated bank, we manage our balance sheet to provide liquidity for our clients while maintaining a strong capital position in excess of the well-capitalized status required by federal banking regulations,” said Alan Lane, Chief Executive Officer of Silvergate. “We are a key infrastructure provider with an established track record, which gives our customers the confidence they need during times like these.”
Mr. Lane added, “In addition to our securities available-for-sale portfolio, which amounted to $8.3 billion at 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 provide clients with the ability to move U.S. dollars 24 hours a day, 7 days a week. “When our customers want to take advantage of trading opportunities at over 100 different exchanges that bank with Silvergate, the SEN facilitates these fund flows in near real-time, 24/7,” said Ben Reynolds, President of Silvergate.
Silvergate also provides select, underwritten clients with access to bitcoin collateralized loans known as SEN Leverage. To date, these loans have continued to perform as expected with zero losses and zero forced liquidations.
О Сильвергейте
Silvergate Capital Corporation (NYSE: SI) — ведущий поставщик инновационных решений и услуг в области финансовой инфраструктуры для растущей индустрии цифровых активов. Платформа компании для платежей в реальном времени, известная как Silvergate Exchange Network, лежит в основе ее клиентоориентированного набора решений для платежей, кредитования и финансирования, обслуживающих расширяющийся класс компаний, занимающихся цифровыми активами, и инвесторов по всему миру. Silvergate обеспечивает быстрый рост рынков цифровых активов и меняет глобальную торговлю для будущего цифровых активов.
Контакты
Отношения с инвесторами:
Хантер Стенбек/Ашна Васа
(858) 200-3782
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Эванн Берри
Source: https://thenewscrypto.com/silvergate-provides-statement-on-digital-asset-market-volatility/