August 22, 2019

Alan Lane
Chief Executive Officer
Silvergate Capital Corp
4250 Executive Square, Suite 3000
La Jolla, CA 92037

       Re: Silvergate Capital Corp
           Amendment No. 3 to Registration Statement on Form S-1
           Filed August 15, 2019
           File No. 333-228446

Dear Mr. Lane:

      We have reviewed your amended registration statement and have the
following
comments. In some of our comments, we may ask you to provide us with
information so we
may better understand your disclosure.

       Please respond to this letter by amending your registration statement
and providing the
requested information. If you do not believe our comments apply to your facts
and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

       After reviewing any amendment to your registration statement and the
information you
provide in response to these comments, we may have additional comments.

Form S-1/A filed August 15, 2019

Business
Digital Currency Solutions and Services Drive Our Business Model
Conservative Lending and Niche Asset Growth, page 109

1.     Please revise the penultimate paragraph on this page to clarify your
reference to "digital
       currency borrowing facilities". Please provide more detail regarding
such facilities.
Our Growth Strategy
Develop New Solutions and Services for our Customers, page 110

2.     We note your disclosure on page 110 that you may sell digital currency
collateral through
       your exchange clients and on page 111 that you are considering becoming
involved in the
       transfer of digital assets between customers. We note also your general
discussion in Risk
 Alan Lane
Silvergate Capital Corp
August 22, 2019
Page 2
         Factors on page 37 regarding the regulatory issues surrounding your
digital currency
         customers. Since you indicate that you are planning on directly
engaging in the secondary
         selling of digital currency collateral, please revise your disclosure
here and in Risk Factors
         to address the regulatory concerns regarding these planned products.
3.       Please identify each of the digital assets that you will accept as
collateral or take into
         custody. Please clarify if you plan to offer digital wallet services
to your customers. If so,
         please describe the security and custody arrangements with customers
and revise to
         highlight the risk that you may be liable for any cybersecurity breach
resulting in the loss
         of customer assets.
4.       We note that you have applied to become a New York State licensed
limited liability trust
         company. Please tell us what consideration you have given to whether
you will be
         required to register as a national securities exchange, broker-dealer,
money services
         business, or any other registration as a result of these new products.
       You may contact Ben Phippen at 202-551-3697 or Michael Volley at
202-551-3437 if
you have questions regarding comments on the financial statements and related
matters. Please
contact Erin Purnell at 202-551-3454 or Pam Long at 202-551-3765 with any other
questions.



FirstName LastNameAlan Lane                                     Sincerely,
Comapany NameSilvergate Capital Corp
                                                                Division of
Corporation Finance
August 22, 2019 Page 2                                          Office of
Financial Services
FirstName LastName