Swiss Bank Accepts Staked SOL for Loans – Is Crypto the New Cash?

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Ah, the Swiss — always ahead of the game! Sygnum Bank, ever the trendsetter, has decided that your staked Solana (SOL) is now good enough to back your multi-currency loans. Yes, you read that right, folks. Forget gold or real estate — now, you can use your crypto to get some good old fiat cash. Institutional demand has caused their crypto lending volume to double in the last year. Double! Because who wouldn’t want a bit more crypto in their financial life?

This Swiss digital crypto-friendly bank, known for its uncanny ability to embrace the future, is now allowing staked Solana to join the elite list of tokens that can serve as collateral for Lombard loans. In plain English: You can borrow money (in Swiss francs, euros, Singapore dollars, and U.S. dollars, no less) while your Solana keeps working for you, earning those sweet staking rewards. Yes, the money just keeps on flowing, like a river of… what, free money? Well, maybe not free, but you get the idea. 💸

The best part? You’re not just unlocking liquidity from your staked Solana, no. That would be too simple. Sygnum’s new feature allows you to earn “dual-income potential” from a single crypto asset. A two-for-one deal, if you will. How convenient! You get to keep your crypto and use it as collateral. Oh, and you continue to earn those staking rewards while living your best life. What’s next? Loans against the air you breathe? Who knows. 😜

And in case you were wondering about the costs — let’s just say Sygnum made sure you’re not paying through the nose for this. They’ve cleverly designed it so that the staking rewards cover most of the fees. So, yes, you can enjoy the wonders of crypto lending without completely draining your pockets. Is this the future of finance, or just another round of clever marketing? You decide. 🧐

Now, the cherry on top: Sygnum’s crypto lending business has exploded! Their loan volume has doubled over the past year, which is no small feat. They’ve already got a nice selection of collateral options, including Bitcoin (BTC), Ethereum (ETH), unstaked Solana, Polkadot (POL), Ripple’s XRP (XRP), and other altcoins. But now, staked Solana is on the list. Exciting times, my friends. 🎉

Benedikt Koedel, head of credit & lending at Sygnum Bank, was kind enough to explain the bank’s rationale. Apparently, they just *had* to add staked Solana to meet a “key client need to optimise yield while maintaining liquidity.” A valiant cause, indeed. The real question is: how much yield are we talking about, Benedikt? 🤔

Oh, and in case you’ve been living under a rock, Sygnum recently conducted a survey of over 400 high-net-worth investors in November 2024. The results? Crypto’s long-term potential is looking bright, with growing confidence in the sector. Why? Because people want to diversify their portfolios, hedge against macroeconomic chaos, and—surprise, surprise—earn higher returns. Who would’ve guessed?

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2025-05-15 12:28