Update on Recent Events: USDC, Silvergate, Signature Bank
Given recent market events, SCRYPT continues on the premise of open and transparent communication. Please read on for an update on recent events.
USDC:
We have worked closely with Circle and relevant stakeholders since the news broke and are happy with the resolution around this as well as SVB.
Silvergate Bank:
SCRYPT has had no direct exposure.
Signature Bank:
Last night the FDIC announced that they have taken receivership over Signature Bank. We are now:
- Working with relevant stakeholders to ensure Customer funds are secure
- Using alternative USD banking rails as of immediate effect
We welcome the approach of the FDIC and other regulators’ joint statement on their commitment to make depositors whole.
Please rest assured we are working as hard as possible on next steps for any clients affected by this news.
About SCRYPT – Trusted Partner for Digital Assets.
SCRYPT acts as the trusted partner for institutions by building and providing infrastructure that delivers Digital Assets services in a robust regulatory framework.
Our product line is designed to cover every institution’s crypto needs, removing the complexity of crypto finance with technology and innovative products. Manage all your crypto strategies through a single interface and seamless workflows.
Digital Trading
Allows customers to securely manage, trade, store, and generate yield on their crypto assets through a market-leading platform.
Digital Investments
Enables investors to gain exposure to crypto assets through a regulated portfolio manager.
Learn more: www.scrypt.swiss | info@scrypt.swiss
Media contact: jen@scrypt.swiss
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