Silvergate Purchases Blockchain Payment Network Assets from Diem
- Silvergate is the leading provider of innovative financial infrastructure solutions and services
- Announced that it has acquired intellectual property and other technology assets related to running a blockchain
- Uniquely positioned to leverage this technology to further solidify its position as a leader in the digital currency industry
- Through its close partnership with Diem has gained deep familiarity with the network and developed a strong appreciation
- A California chartered and Federal Reserve member bank with nearly a decade of experience building solutions for the digital currency industry
- One step closer to launching a next-generation global payment system that is faster, easier to use
