Silvergate Capital Corp: management transactions · United States · SEC (Form 4)

About Silvergate Capital Corp

Silvergate Capital Corp. is a U.S. financial company historically listed on the NYSE/NASDAQ market and best known for its role as the bank holding company for Silvergate Bank, headquartered in La Jolla, California, United States. Silvergate Bank was originally opened in 1988, and Silvergate Capital later became the public holding structure used to own and operate the bank. Over time, the group built a reputation as a specialist provider of financial infrastructure for the digital asset ecosystem rather than as a broad-based retail or universal bank. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1312109/000119312519293950/d833997dex991.htm?utm_source=openai)) The company’s core business had centered on banking and payment services tailored to crypto-market participants. Its flagship product was the Silvergate Exchange Network (SEN), a proprietary payments network designed to allow U.S. dollar transfers between institutional customers on a 24/7 basis, supporting the operational needs of exchanges, trading firms, and other digital-asset businesses. Silvergate also expanded its platform by acquiring technology and intellectual-property assets related to blockchain-based payments from the Diem Group in 2022, underscoring its ambition to remain a specialized infrastructure provider in digital finance. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1312109/000131210920000135/senvolumeannouncement1.htm?utm_source=openai)) Beyond crypto-focused services, Silvergate historically maintained a more traditional commercial banking footprint, including commercial banking, commercial and residential real estate lending, mortgage warehouse lending, and commercial business lending. That broader product set mattered because it shows the company was not purely a crypto bank, even though its strategic emphasis in the early 2020s increasingly shifted toward digital-asset clients. This concentration helped drive deposit growth and lower-cost funding for a period, but it also made the model highly exposed to crypto market cycles and depositor sentiment. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1312109/000131210921000057/si-20201231.htm?utm_source=openai)) In competitive terms, Silvergate differentiated itself through specialization: speed of settlement, deep understanding of institutional crypto clients, and a banking platform built around the operating requirements of an always-on market. That niche positioning made the bank an important partner to the digital-asset industry, but it also created a narrower risk profile than that of diversified regional banks. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1312109/000131210920000135/senvolumeannouncement1.htm?utm_source=openai)) A major turning point came in March 2023, when Silvergate announced it would voluntarily liquidate Silvergate Bank and wind down operations amid severe stress in the banking and crypto sectors. Since then, the company has been viewed primarily through the lens of balance-sheet runoff, wind-down execution, and potential litigation or residual corporate matters rather than through a growth or expansion narrative. For investors, Silvergate is best understood as a legacy U.S. crypto-banking platform in liquidation mode, not as an ongoing growth franchise. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1679788/000167978825000154/coin-20250630.htm?utm_source=openai))