LA JOLLA, Calif.--(BUSINESS WIRE)--Silvergate Capital Corporation (NYSE:SI), the leading provider of innovative financial infrastructure solutions to the digital currency industry, announced today that it has added Benjamin Richman to its team as senior vice president, director of digital currency. In this newly created position, Benjamin will lead the team that is responsible for continuing to grow the Company’s business by implementing business development initiatives, overseeing key client relationships, and managing market, portfolio and operational risks.

Prior to Silvergate, Benjamin spent the past three years at Blockstream, a global leader in Bitcoin and blockchain technologies, where he was the director of business development and partnerships and was responsible for the growth of Blockstream’s Liquid network, an inter-exchange network based on Bitcoin. In addition, Benjamin spent six years at Booz Allen, and is a graduate of Duke University Fuqua School of Business and Elliott School of International Affairs.

Kate Fraher, chief operating officer of Silvergate, stated that, “We are dedicated to providing great customer experiences and excited to welcome Benjamin to our team. His deep understanding of the digital currency industry and the digital currency infrastructure solutions we are building will be a tremendous asset.”

Ben Reynolds, executive vice president of corporate development at Silvergate added, “We’re excited about the new products and innovative financial infrastructure solutions we’re developing to assist both investors and exchanges in the digital currency industry, and the business development experience that Benjamin gained at Blockstream will be important to our success.”

About Silvergate

Silvergate Capital Corporation (NYSE: SI) is a registered bank holding company for Silvergate Bank, headquartered in La Jolla, California. Silvergate Bank is a commercial bank that opened in 1988, has been profitable for 22 consecutive years, and has focused its strategy on creating the banking platform for innovators, especially in the digital currency industry, and developing product and service solutions addressing the needs of entrepreneurs. As of September 30, 2019, Silvergate had total assets of $2.1 billion, total deposits of $1.8 billion, and total stockholders’ equity of $230.6 million.