There has been a lot of interest around developer-first banking APIs recently. On this episode, we go over recent tech IPO Silvergate Capital (ticker $SI), which is a digital currency focused bank and settlement network. We discuss their business, particularly around digital currency initiatives and their Silvergate Exchange Network (or SEN). We get into the weeds of what it means to claim to be an API first financial services company.

Enjoy the episode.

Topics:

• On Silvergate Capital
• QuantLayer mission statement analysis
• Overview of Silvergate Capital
• Digital Currency Initiative
• Silvergate Exchange Network
• What their API offers
• Growth strategy
• Risk factors

Links:

• Prospectus - https://www.sec.gov/Archives/edgar/data/1312109/000119312519288512/d568616d424b4.htm
• Silvergate Capital - https://www.silvergatebank.com/
• Banking APIs - Open Banking Platform by Silvergate Bank - https://www.silvergatebank.com/api/developer-tools.html
• Silvergate Sandbox API - https://silvergate.portal.azure-api.net/docs/services/5aec9e3121b53188f5be9853/operations/access-token