Sky Mavis, Axis Infinity, and Ronin Network Assure No Capital Exposure in Silicon Valley Bank and Silvergate

03/11/2023 01:21 • Tech Trends • 106 views

On March 11, Aleksander, co-founder and CEO of Axis Infinity and Sky Mavis, clarified that Sky Mavis, Axis Infinity and Ronin Network had no capital exposure in Silicon Valley Bank and Silvergate.

Axis Infinity: no capital exposure in Silicon Valley Bank and Silvergate

Analysis based on this information:

In a recent announcement, Aleksander, the co-founder and CEO of Axis Infinity and Sky Mavis, reassured their audience that Sky Mavis, Axis Infinity, and Ronin Network had no capital exposure in Silicon Valley Bank and Silvergate. The statement comes amidst growing concerns over the safety of investment in financial institutions given the current economic conditions. The announcement offers a sigh of relief to investors who have invested in the Sky Mavis, Axis Infinity, and Ronin Network.

The term capital exposure refers to the risk associated with the loss of investment due to the financial institutions’ inability to repay the entrusted funds. In this case, the message by Aleksander indicates that Sky Mavis, Axis Infinity, and Ronin Network had no investment in both Silicon Valley Bank and Silvergate. This clarification is essential as financial institutions with high capital exposure pose a significant threat to investors’ investments.

Moreover, the message implies that the three companies hold their funds in different financial institutions. This strategy is beneficial from a risk management perspective. By spreading their investment among different financial institutions, these companies reduce the chance of losing their entire investment amount in case one of them fails. The strategy avoids putting all their funds in one basket, minimizing the impact of a financial institution’s failure in which they hold their investment.

In conclusion, the CEO of Axis Infinity and Sky Mavis, Aleksander, has provided assurance regarding the companies’ capital exposure in Silicon Valley Bank and Silvergate to allay investors’ concerns. The message implies that Sky Mavis, Axis Infinity, and Ronin Network hold their investments in different financial institutions, thus minimizing their capital exposure risk. The statement underscores the importance of spreading investments across different financial institutions for risk mitigation.

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