Sygnum Bank Solana allows loan technology

SYGNUM announced today that it adds Staped Solana to its wallet from the icons eligible to use it as a loan guarantee. This will allow institutional customers to reach FIAT and bonuses at the same time.

The company already accepts Solana and at least 20 other icons to ensure loans, but this is its first choice. The booming institutional demand caused the doubling of the sizes of Sygnum loans in one year, encouraging the company to diversify.

Solana Stop in Signum

SYGNUM, a Swiss digital asset bank, started to introduce Crypto Staking nearly four years ago. The company has since diversified its interests, as it obtained a coding brokerage license in 2023 and achieved Unicorn’s position with a huge financing round earlier this year.

Today, SYGNUM provides another full service by leaving Staped Solana as a guarantee of Lombard loans.

In order to be clear, Lombard’s loans are a specialized type of loan that has nothing to do with Lombard, an encryption company. These products are usually provided to individuals of high value or institutional investors, and Sygnum offers this Solana deal to the last category.

SYGNUM already accepts more than 20 different symbols as a guarantee of these loans, but this is its first choice. The bank offers many major advantages to Solana’s customers.

For one reason, low -cost loans because a large part of the fallen rewards are moving towards paying the usual fees. Customers with normal symbols must pay much more and not receive any negative income. SYGNUM hopes that this new side option for customers:

“By enabling Staped Solana as a guarantee, we are dealing with a major agent’s need to improve the return while maintaining liquidity. This reinforcement depends on our busy record that has been proven in encryption lending, which he recently showed by a preliminary joint loan worth $ 50 million last August,”

Last November, the published research of the company suggested an increasing institutional demand for encryption. Her recent experience confirms this data, and SYGNUM claimed that institutional demand caused a double loan sizes last year.

Staped Solana will help develop a SYGNUM loan guarantee to meet this increasing demand.

The bank’s internal incubation service will provide the full separation of client sites on the chain, instead of the compound solution that mixes the assets together.

SYGNUM will also share its Solana itself through channels such as “User interface, API integration or customer relationship managers. These tools guarantee security and flexibility for all institutional customers.