{"id":39809,"date":"2021-03-30T12:16:31","date_gmt":"2021-03-30T09:16:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=39809"},"modified":"2025-08-30T11:23:18","modified_gmt":"2025-08-30T08:23:18","slug":"silvergate-and-fidelity-expand-bitcoin-collateral-lending","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/silvergate-and-fidelity-expand-bitcoin-collateral-lending\/","title":{"rendered":"Silvergate and Fidelity expand bitcoin-collateral lending"},"content":{"rendered":"<p>The Fidelity Investments&#8217; digital assets division has become a custodian for Silvergate Bank&#8217;s bitcoin-collateral lending program, SEN Leverage.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\nhttps:\/\/twitter.com\/silvergatebank\/status\/1376512500015898624\n<\/div>\n<\/figure>\n<p>According to the press release, the partnership expands the lending offering for institutional investors who custody their digital assets with Fidelity Digital Assets.<\/p>\n<p>To fund the loans, the bank uses its own payments network \u2014 the Silvergate Exchange Network (SEN). The cryptocurrency collateral is held by Fidelity&#8217;s subsidiary in a secure cold-storage account.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cUsing Fidelity Digital Assets, we are combining our lending program with a leading custody platform, giving investors broader access to capital,\u201d said John Melton, Silvergate&#8217;s Director of Digital Asset Lending.<\/p>\n<\/blockquote>\n<p>The bank launched SEN Leverage as a full-fledged product in Q4 2020. By its end, the volume of loans issued reached $82.5 million. The pilot launch of the Silvergate program occurred earlier in the year with the Bitstamp exchange.<\/p>\n<p>In December <a href=\"https:\/\/u1f987.com\/en\/news\/fidelity-in-partnership-with-blockfi-begins-issuing-loans-collateralised-by-bitcoin\">announced a partnership<\/a> with the lending platform BlockFi to issue loans collateralised in the leading cryptocurrency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Fidelity Investments&#8217; digital assets division has become a custodian for the fiat-currency lending program collateralised by bitcoin under Silvergate Bank&#8217;s SEN Leverage.<\/p>\n","protected":false},"author":1,"featured_media":39810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1248,1097,1683],"class_list":["post-39809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-fidelity-investments","tag-lending","tag-silvergate-bank"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=39809"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39809\/revisions"}],"predecessor-version":[{"id":39811,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/39809\/revisions\/39811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/39810"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=39809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=39809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=39809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}