Silvergate Capital (SI) Provides Statement on Digital Asset Market Volatility
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Silvergate Provides Statement on Digital Asset Market Volatility
November 9, 2022 1:51 PM ESTLA 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... More
