Friendly kriptonyte Silvergate Bank at the end of 2018 expanded the list of customers from industry to 542 companies. These data indicated Silvergate Capital, the parent company of the Bank, in an updated IPO prospectus to the SEC.
The company plans to hold an IPO on the new York stock exchange (NYSE) in September filed SEC documents it was reported that the Bank serves 483 of the client associated with cryptomnesia. For the fourth quarter their number has grown to 59, including 2 stock exchanges, investor 24 and 33 companies of various directions, including the development of blockchain solutions, mining companies and service providers.
In the updated IPO prospectus, the Bank has identified certain of its customers from kriptonyte, including the exchange Bitstamp, startups Paxos and Circle, the market-maker of Genesis Trading, investment funds Kenetic and Polychain Capital, a provider of crypto Xapo.
Despite the quantitative increase customers total deposits at Silvergate Bank decreased for the quarter from $1,593 billion at 30 September to $1.47 billion on December 30. In the exchanges and OTC platforms, they decreased from $793 million to $618,5, investment institutions deposits increased slightly from $573 million to $577,5 million Deposits of other clients amounted at the end of the year $273,9 million versus $227 million at 30 September.
The company said in the prospectus that is confident in making a new asset class for institutional investors, which already provides the increasing flow of Finance to industry.
“Currently under management are over 300 institutional investment funds with total estimated assets are between $7.5 to $10 billion From December 31, 2013 in projects related to digital currency, has invested more than $8.3 billion excluding financing ICO. Approximately $1.3 billion was attracted venture funding in the market of digital currencies and the blockchain for the 12 months ending June 30, 2018 the last date to which the known data,” said Silvergate Capital.
Recall that the importance for the development of kriptonyte making digital assets by institutional investors previously stated, for example, the founder of Galaxy Digital Mike Novogratz (Mike Novogratz) and Analytics auditing firm KPMG. Recently, the company-consultant Cambridge Associates called professional investors to pay attention to the cryptocurrency as a long-term investment. In February, Morgan Creek Digital, managing institutional digital assets, said that it had attracted its first investment from the state pension funds of the United States.
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