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Aave general counsel Rebecca Rettig joins Silvergate board and says the companies could collaborate
Camomile Shumba-Coindesk
2022-03-17 03:06
Aave General Counsel Rebecca Rettig has been appointed to the boards of Silvergate Bank (SI) and parent Silvergate Capital.
  • “Rebecca’s broad wealth of knowledge in the blockchain and digital currency space make her a valuable addition to our board,” said Silvergate President and CEO Alan Lane. “Her experience will support us as we continue to provide innovative solutions to the rapidly growing digital currency industry.”
  • Speaking with CoinDesk, Rettig shared her interest in the two companies working together. “I think there will be lots of opportunities for Silvergate as a partner and a collaborator, as we from the Web 3 side, and they from the banking side, continue to bring crypto to institutions and traditional financial actors," she said.
  • She said Aave, a decentralized finance (DeFi) lending platform based in Switzerland, is bringing institutional actors into the Web 3 space through Aave Arc, a DeFi liquidity pool for financial institutions. Liquidity pools are crowdsourced pools of cryptocurrencies or tokens that allow users to trade crypto on DeFi platforms without a central player.
  • Silvergate is a provider of financial infrastructure solutions and services for the digital asset space, with subsidiary Silvergate Bank the main banking partner for most crypto companies, Rettig said.
  • Prior to joining Aave last year, Rettig was a partner in the financial services group at Manatt, Phelps & Phillips, representing blockchain and digital currency clients.
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