- CEO
- Andrew Surry
- Full Time Employees
- 300
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 4250 Executive Square La Jolla CA United States of America 92037
- IPO Date
- Nov 7, 2019
- Business
- Silvergate Capital Corporation (NASDAQ: SICPQ) is a bank holding company that, through its subsidiary Silvergate Bank, formerly provided specialized banking services tailored to the digital asset and cryptocurrency industry. The company offered a range of financial products and services, including commercial banking solutions such as demand deposit accounts, savings accounts, and money market accounts; lending products like commercial real estate loans, commercial loans, mortgage warehouse loans, and business loans; digital asset banking services including crypto asset transfers, custody, and fiat on-ramps and off-ramps; the Silvergate Exchange Network (SEN), a real-time payment platform for 24/7 transfers among digital asset customers; and treasury management services encompassing wires, ACH, foreign exchange, and account consolidation services. Its target customers primarily comprised cryptocurrency exchanges, institutional investors, technology firms, and fintech companies operating in the blockchain and digital currency sectors, with operations focused in the United States. Founded in 1988 and headquartered in San Diego, California, Silvergate significantly expanded its footprint in the crypto banking space during the 2020-2022 bull market. However, in March 2023, the company entered receivership under the Federal Deposit Insurance Corporation (FDIC) following a bank run triggered by the cryptocurrency market downturn and concerns over its exposure to Silicon Valley Bank and crypto-related losses; it delisted from Nasdaq, ceased operations, and its common stock now trades over-the-counter under the SICPQ ticker as a defunct entity with no active business, ongoing liquidation proceedings, and no recent partnerships, funding, acquisitions, or product launches reported as of early 2026.