tl;dr
Sygnum, a Swiss-Singaporean digital asset bank, has added staked Solana (SOL) to its portfolio of over 20 tokens eligible as collateral for Lombard loans, allowing institutional clients to access fiat liquidity while earning staking rewards. This is Sygnum’s first staking option for loan collateral,...
Sygnum, a Swiss-Singaporean digital asset bank, has introduced staked Solana (SOL) as collateral for its Lombard loans, expanding its portfolio to over 20 eligible tokens. This move allows institutional clients to unlock fiat liquidity while continuing to earn staking rewards, marking the first staking-backed collateral option offered by the bank.
By integrating staked SOL, Sygnum offers lower loan costs, as a significant portion of staking rewards helps offset fees, providing a more cost-effective lending solution compared to using regular Solana tokens. This development responds to surging institutional demand, which doubled Sygnum’s loan volumes within the past year.
Sygnum’s approach includes full on-chain segregation of client assets for enhanced security and flexibility. The bank facilitates staking through various access methods such as user interfaces, API integrations, and client relationship managers, ensuring a seamless experience for institutional investors.
Benedikt Koedel, Head of Credit & Lending at Sygnum, emphasized that enabling staked Solana as collateral meets client needs for yield optimization without sacrificing liquidity. This enhancement builds on Sygnum’s strong track record in crypto-backed lending, exemplified by notable deals like the $50 million Bitcoin-backed syndicated loan to Ledn.
Staked Solana’s inclusion reflects broader institutional trends towards diversified crypto exposure and more sophisticated lending products. Sygnum continues to position itself as a leader in digital asset banking by innovating loan offerings and custody services that combine security, yield, and liquidity for professional clients.