A regulatory filing shows that crypto asset manager BlockTower used now-shuttered Silvergate and Signature Bank as custodians. BrandyBetz reports
dated May 11, 2022, the BlockTower Blue Signum SPV fund, which had about $4.6 million in gross asset value at the time of the filing, used Silvergate Bank as its sole custodian. The BlockTower DeFi SPV I fund also listed only Silvergate, while the BlockTower Gamma Point Master Fund had Signature Bank as the custodian
BlockTower Capital Partners Master Fund was the most diversified, listing five custodians: Silvergate, Signature Bank, the trust services of Anchorage Digital and Coinbase, and Celadon Financial Group. The date on the filing means that BlockTower Capital could have moved to different custodians in the interim. CoinDesk reached out to BlockTower for comment but had not received a response by publication time.
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