Two days later, Santa Clara, California-based Silicon Valley Bank (SVB), a go-to institution for venture-backed tech startups, was taken over by the California Department of Financial Protection and Innovation, which said the firm had “inadequate liquidity and insolvency.” This past Sunday, New York-based Signature Bank was closed by state regulators in what they called an effort “to protect investors.” Like Silvergate, Signature Bank operated its own real-time payments platform, Signet.
Crypto Investment Firm Deus X Capital Launches With $1B in Assets
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The...
