February 3, 2022 Silvergate Capital acquires Diem.

Diem, the blockchain-based payments network formerly known as Libra, has confirmed the acquisition of its assets by Silvergate Capital. The move comes after the Diem Association established a partnership with Silvergate, which involved oversight of the issuance of Diem by the former, last year. Diem was initial launched by Facebook, which has since rebranded to Meta.