Silvergate Provides Statement on Digital Asset Market Volatility

Silvergate Provides Statement on Digital Asset Market Volatility

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 t

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