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 statement regarding its exposure to FTX and its related entities (“FTX”):
“In light of recent developments, I want to provide an update on Silvergate’s exposure to FTX. As of September 30, 2022, Silvergate’s total deposits from all digital asset customers totaled $11.9 billion, of which FTX represented less than 10%. Silvergate has no outstanding loans to nor investments in FTX, and FTX is not a custodian for Silvergate’s bitcoin-collateralized SEN Leverage loans. To be clear, our relationship with FTX is limited to deposits,” said Alan Lane, Chief Executive Officer of Silvergate.
Lane continued, “To date, all SEN Leverage loans have continued to perform as expected with zero losses and no forced liquidations. As a reminder, all SEN Leverage loans are collateralized by Bitcoin, and we do not make unsecured loans or collateralize SEN Leverage loans with other digital assets.”
Lane concluded, “Silvergate’s platform was built to support our clients during times of market volatility and transformation, and the SEN has continued to operate as designed and without interruption. As a federally regulated banking institution that is well capitalized, we maintain a strong balance sheet with ample liquidity to support our customers’ needs.”
Artimiausios konferencijos
Chief Executive Officer Alan Lane will participate in a fireside chat at the Oppenheimer Blockchain & Digital Assets Summit at 2:55 p.m. ET on Thursday, November 17, 2022.
Interested investors and other parties can access a live webcast of the presentation by visiting the investor relations section of Silvergate’s website at ir.silvergate.com. Po pristatymo toje pačioje svetainėje bus pasiekiamas internetinis pakartojimas.
Apie Silvergatą
„Silvergate Capital Corporation“ (NYSE: SI) yra pirmaujanti novatoriškų finansinės infrastruktūros sprendimų ir paslaugų augančiai skaitmeninio turto pramonei tiekėja. Bendrovės mokėjimų realiuoju laiku platforma, žinoma kaip Silvergate Exchange Network, yra į klientus orientuoto mokėjimų, skolinimo ir finansavimo sprendimų rinkinio, aptarnaujančio besiplečiančią skaitmeninio turto įmonių ir investuotojų klasę visame pasaulyje, pagrindas. „Silvergate“ leidžia sparčiai augti skaitmeninio turto rinkoms ir pertvarkyti pasaulinę prekybą skaitmeninio turto ateičiai.
Kontaktai
Ryšiai su investuotojais:
Hunter Stenback / Ashna Vasa
(858) 200-3782
[apsaugotas el. paštu]
Media:
Evannas Beris
Source: https://thenewscrypto.com/silvergate-provides-statement-on-ftx-exposure/