Sygnum Bank has expanded its credit offering by adding staked Solana (SOL) to its list of eligible collateral for Lombard loans, allowing clients to unlock fiat liquidity without sacrificing staking rewards. This development comes amid a surge in institutional demand for crypto-backed lending, with the bank’s loan volume doubling over the past year.
📣 News: Sygnum enables staked SOL as collateral as Lombard Loan Volume Doubles
▪️ Sygnum adds staked Solana (SOL) to its growing portfolio of over 20 tokens eligible as collateral for Lombard loans, allowing clients to maintain staking rewards while accessing fiat liquidity
▪️… pic.twitter.com/6xwclpC7GL— Sygnum Bank (@sygnumofficial) May 15, 2025
With the addition of staked SOL, 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 dual-income structure enhances the utility of SOL by allowing staking rewards to offset the majority of loan fees, making it a more cost-effective financing tool.
Commenting on the update, Benedikt Koedel, Head of Credit & Lending at Sygnum Bank, said, “By enabling staked Solana as collateral, we’re addressing a key client need to optimize yield while maintaining liquidity.” He added that the move builds on Sygnum’s track record in crypto-backed lending, including its $50 million Bitcoin-backed syndicated loan to Ledn in August 2024.
This latest move also strengthens Sygnum’s growing collateral portfolio, which now features over 20 digital assets, including BTC, ETH, unstaked SOL, XRP, and POL. Adding staked assets reflects the bank’s strategic response to increasing market confidence in digital asset-secured credit products.
Thomas Brunner, Head of Custody & Staking, highlighted the strategic relevance of Solana, stating, “As the second-largest staking token by market capitalization, Solana is a natural fit for our platform. The combination of staking and collateral functionality offers clients greater flexibility and earning potential.”
Further reinforcing its market position, Sygnum recently completed a $58 million oversubscribed Strategic Growth Round, lifting its valuation to over $1 billion and officially making it a crypto “unicorn.” The round, announced on January 14, was led by Bitcoin-focused venture capital firm Fulgur Ventures, with strong participation from new and existing investors and Sygnum’s team members.
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