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Silvergate is becoming a real crypto bank and that should worry legacy banks. 

We first wrote about Silvergate Bank when they announced their pre IPO round by the Witter Family Office (not by the usual VC Funds). The Witter name should ring a bell with finance folks as the money came from Mr. Dean Witter and the firm that bears his name (part of Morgan Stanley since 1997).

Since then this dark horse neobank has been a frequent news-maker:

To see all our posts referencing Neobanks see this tag list.

To see all our posts referencing Silvergate, see this tag list.

Silvergate maybe acquired by big tech or a legacy bank; their valuation is still low enough to make this feasible.

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