Silvergate Bank plans to offer loans to crypto companies
According to a report from The Block crypto focused bank Silvergate may soon offer loans to companies within the space. Silvergate would offer loans from its balance sheet to clients that put up U.S. dollar or crypto collateral "significantly greater than the line of credit."Leveraging its proprietary payments network, SEN, Silvergate plans to fund the loans and sell collateral if needed through its exchange, quickly moving the funds back to its balance sheet.
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