<p>Founded in La Jolla, California in the late 1980s, Silvergate began as a traditional commercial bank, but started exploring the idea of serving the digital asset industry in 2013.</p> <p>After finding recent success, Silvergate has since pivoted and is now almost entirely focused on providing banking services to cryptocurrency-related companies, largely through its SEN 24/7 payment network.</p> <p>On March 8, 2023, it was announced that Silvergate Bank would wind down its operations and liquidate.</p>