2 years ago
Aave General Counsel Rebecca Rettig has been appointed to the boards of Silvergate Bank (SI) and genitor Silvergate Capital.
“Rebecca’s wide wealthiness of cognition successful the blockchain and integer currency abstraction marque her a invaluable summation to our board,” said Silvergate President and CEO Alan Lane. “Her acquisition volition enactment america arsenic we proceed to supply innovative solutions to the rapidly increasing integer currency industry.”
Speaking with CoinDesk, Rettig shared her involvement successful the 2 companies moving together. “I deliberation determination volition beryllium tons of opportunities for Silvergate arsenic a spouse and a collaborator, arsenic we from the Web 3 side, and they from the banking side, proceed to bring crypto to institutions and accepted fiscal actors," she said.
She said Aave, a decentralized concern (DeFi) lending level based successful Switzerland, is bringing organization actors into the Web 3 abstraction done Aave Arc, a DeFi liquidity pool for fiscal institutions. Liquidity pools are crowdsourced pools of cryptocurrencies oregon tokens that let users to commercialized crypto connected DeFi platforms without a cardinal player.
Silvergate is simply a supplier of fiscal infrastructure solutions and services for the integer plus space, with subsidiary Silvergate Bank the main banking spouse for astir crypto companies, Rettig said.
Prior to joining Aave past year, Rettig was a spouse successful the fiscal services radical astatine Manatt, Phelps & Phillips, representing blockchain and integer currency clients.
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Camomile Shumba is simply a CoinDesk quality newsman based successful the UK. She antecedently worked arsenic an intern for Business Insider and Bloomberg News. She does not presently clasp worth successful immoderate integer currencies oregon projects.
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