Does Dfinity have any exposure to Silicone Valley Bank or Credit Suisse?

[Jesse]

Does the Dfinity Foundation bank with Silicone Valley Bank? I’m hearing that approximately 50% of the Silicone Valley start’s up are currently banking with SVB and I’m wondering which half Dfinity sits at.

I’m also concerned that in the event of contagion spreading, that Credit Suisse will be next to be effected. So I’m curious if Dfinity is exposed to Credit Suisse?

[Jesse]

@diegop can i get a response to this by someone on the DFINITY team?

[Manu]

Silicon Valley Bank collapse impact

DFINITY had no exposure neither to Silvergate Bank, nor to Signature or Credit Suisse and only a minor balance with SVB, which is fully secured through the FDIC protection program. Our operations and liquidity have not been impacted.