Sygnum Bank has announced the addition of staked Solana (SOL) to its lending program, enabling clients to access liquidity without sacrificing staking rewards.
Expansion of Sygnum Bank's Lending Offerings
Sygnum Bank has included staked Solana (SOL) in its list of eligible collateral for Lombard loans. Clients can now secure loans in Swiss francs, euros, Singapore dollars, and U.S. dollars while continuing to earn passive income on their assets. This expansion comes amid a surge in institutional demand for crypto-backed lending, with the bank's loan volume doubling over the past year.
Benedikt Koedel on New Opportunities
Benedikt Koedel, Head of Credit & Lending at Sygnum Bank, stated: "By enabling staked Solana as collateral, we’re addressing a key client need to optimize yield while maintaining liquidity." He also highlighted Sygnum's track record in crypto-backed lending, including its $50 million Bitcoin-backed syndicated loan to Ledn in August 2024.
Sygnum's Strong Market Position
With the addition of staked assets, Sygnum Bank strengthens its collateral portfolio, which now features over 20 digital assets, including BTC, ETH, unstaked SOL, XRP, and POL. This strategy aims to enhance market confidence in digital asset-secured credit products.
In conclusion, Sygnum Bank continues to develop its offerings, adapting to client needs and market conditions, and the inclusion of staked SOL marks a significant step towards improving liquidity and yield opportunities for clients.
