Fidelity Now Extends Bitcoin-Backed Loans Through Silvergate – CoinDesk – CoinDesk

Fidelity Now Extends Bitcoin-Backed Loans Through Silvergate – CoinDesk – CoinDesk

Silvergate Bank will be the second lender to extend bitcoin-backed loans to investors who custody their crypto with Fidelity.

“Like Silvergate, we recognize the opportunity to create a more seamless investor experience by helping institutions maximize capital efficiency, as well as the opportunity to strengthen the digital assets ecosystem through greater integration and collaborations like this,” Christine Sandler, head of sales and marketing at Fidelity Digital Assets, said in a press release.

This is a developing story and will be updated.