MarsBit news, according to CoinDesk, after the collapse of Silicon Valley Bank, Signature Bank and Silvergate, Digital Currency Group (DCG) is trying to find new banking partners for portfolio companies. DCG representatives will also meet with Senate Banking Committee staff on Wednesday to discuss the impact of Silicon Valley Bank, Signature and Silvergate.
According to information seen by the outlet, DCG said Santander (SAN), HSBC (HSBA), Deutsche Bank (DB), BankProv, Bridge Bank, Mercury, Multis and Series Financial are still open to ties to cryptocurrency firms . According to the list, DCG has also reached out to BlackRock, JPMorgan and Bank of America. The list shows that banks may restrict certain services of cryptocurrency companies, such as brokerage and money market services, and the ability to send money to third parties. Traditional banks may be willing to set up bank accounts for cryptocurrency companies, but will set limits based on the level of exposure to crypto. Western Alliance and Bridge Bank are opening accounts for cryptocurrency firms despite falling stock prices. DCG has also reached out to international banks, including Britain’s Revolut, Singapore’s United Overseas Bank (UOB) and Israel’s Bank Leumi.