Swiss bank Sygnum starts accepting staked SOL as collateral for fiat loans

By: bitcoin ethereum news|2025/05/15 17:30:08
0
Share
copy
Sygnum Bank is now allowing clients to use staked SOL as collateral for multi-currency loans, as institutional demand drives a doubling in its crypto lending volume. Swiss digital crypto-friendly bank Sygnum has added staked Solana (SOL) to its portfolio of tokens eligible as collateral for Lombard loans, allowing clients to access fiat liquidity while continuing to earn staking rewards. In a Thursday blog announcement, the Swiss bank said the new feature applies to loans in Swiss francs, euros, Singapore dollars, and U.S. dollars. The new update allows Sygnum clients to unlock liquidity from their staked Solana holdings while continuing to earn staking rewards, creating “dual-income potential from a single crypto asset,” the bank said. Sygnum also noted that Lombard loans that pledge staked SOL as collateral are “low-cost because the generated staking rewards are used to cover the majority of the fees.” The move comes as Sygnum’s lending business has seen significant growth as its loan volume doubled over the past 12 months, the press release reads. The latest addition expands Sygnum’s Lombard loan collateral pool, which already includes Bitcoin (BTC), Ethereum (ETH), unstaked SOL, Polkadot (POL), Ripple’s XRP (XRP) and other altcoins. Benedikt Koedel, head of credit & lending at Sygnum Bank, said the addition of staked Solana as collateral aims to meet a “key client need to optimise yield while maintaining liquidity.” In November 2024, a Sygnum survey of over 400 high-net-worth investors found growing confidence in crypto’s long-term potential, driven by demand for portfolio diversification and macroeconomic hedging. The report linked this optimism to expected higher returns and a broader “megatrend” fueled by strong interest in the sector. Source: https://crypto.news/swiss-bank-sygnum-starts-accepting-staked-sol-as-collateral-for-fiat-loans/

You may also like

Mining Exodus: Someone Holds $12.8 Billion AI Order

Mining Farms are Turning to AI Hashpower with no Turning Back.

March 6 Market Key Intelligence, How Much Did You Miss?

1. On-chain Funds: $16.3M USD has flowed into the OP Mainnet today; $13.7M USD has flowed out of Arbitrum 2. Largest Price Swings: $XPT, $AIX 3. Top News: Vitalik Calls on Ethereum Community to Shift Mindset, Uphold Core Principles, and Rethink Application Design "From Scratch"

a16z: The True Opportunity of Stablecoins is in Complementing, Not Disrupting

The stablecoin opportunity lies with those merchants yet to come onboard.

Predict LALIGA Matches, Shoot Daily & Win BTC, USDT and WXT on WEEX

The WEEX × LALIGA campaign brought together football excitement and crypto participation through a dynamic interactive experience. During the event, users predicted matches, completed trading tasks, and took daily shots to compete for rewards including BTC, USDT, WXT, and exclusive prizes.

Ray Dalio Dialogue: Why I'm Betting on Gold and Not Bitcoin

Gold is the only asset with a long-term history that can be transferred, is not easily replicable, and does not rely on anyone else's promise. Most currencies, debts, stocks, etc., are just promises of someone honoring their purchasing power.

Who Took the Money in the AI Era? A Must-See Investment Checklist for HALO Asset Trading

A one-page paper listed a series of questions about the potential impact of AI progress. Looking back over two years later, these questions appear particularly prescient, although none of them provided a definitive answer at the time.

Popular coins

Latest Crypto News

Read more