Silvergate Capital (SI) Purchases Blockchain Payment Network Assets from Diem

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Go back to Silvergate Capital (SI) Purchases Blockchain Payment Network Assets from Diem

Silvergate Purchases Blockchain Payment Network Assets from Diem

January 31, 2022 5:00 PM EST

The acquisition will advance Silvergates technical capabilities and enhance its stablecoin infrastructure initiative

LA JOLLA, Calif.--(BUSINESS WIRE)-- Silvergate Capital Corporation (Silvergate) (NYSE: SI) today announced that it has acquired intellectual property and other technology assets related to running a blockchain-based payment network from the Diem Group (Diem), further investing in its platform and enhancing its existing stablecoin infrastructure. Silvergate is uniquely positioned to leverage this technology to further solidify its position as a leader in the digital currency industry.

The assets acquired by Silvergate include development, deployment and operations... More