Close Menu
    Crypto News Flash
    • News
      • Bitcoin News
      • Ripple (XRP) News
      • Success Stories
      • Shiba Inu News
      • Dogecoin News
      • Cardano News
      • VeChain News
      • IOTA News
    • Marketcap
    • Buy Crypto
      • Buy Bitcoin
      • Buy Ethereum
      • Buy XRP
      • Buy Bitcoin Cash
      • Buy Litecoin
      • See all guides
    • Wallets
      • Bitcoin Wallet
      • Ethereum Wallet
      • Dogecoin Wallet
      • Monero Wallet
      • Tron (TRX) Wallet
      • Aptos wallet
      • Hardware Wallet Review
      • See all guides
    • Coins
    • Advertise
    • Crypto News Flash is Hiring!
    Crypto News Flash
    You are at:Startseite » Swiss Bank Sygnum Now Accepts Staked SOL as Collateral for Fiat Loans
    News

    Swiss Bank Sygnum Now Accepts Staked SOL as Collateral for Fiat Loans

    James M. GathechaBy James M. Gathecha15. May 20250
    John Kiguru By John Kiguru 15. May 2025
    3 Mins Read
    Solana Unveils Smart Wallets—Revolutionizing Crypto UX with Zero Gas Fees!
    • On Thursday, Sygnum Bank announced that it now accepts staked Solana as collateral for fiat loans.
    • The bank offers digital asset banking services, including custody, trading, and staking, and a platform for managing digital assets.

    Sygnum Bank, a leading digital asset bank, has announced a major upgrade to its lending services. Clients can now use staked Solana (SOL) as collateral for Lombard loans. This means clients can now access fiat liquidity without having to give up the staking rewards they earn, a clear milestone in blending decentralized finance (DeFi) with traditional banking.

    With this new feature, Sygnum’s clients can tap into the value of their staked SOL holdings to secure Lombard loans, unlocking immediate liquidity while their assets continue earning staking rewards.

    According to the report, the addition of staked SOL complements Sygnum’s existing Lombard loan collateral portfolio, which already includes over 20 tokens such as Bitcoin (BTC), Ethereum (ETH), unstaked Solana, Polkadot (POL), and Ripple (XRP). This update comes at a time when Sygnum’s lending business is booming, with loan volumes doubling over the past 12 months as institutional demand for crypto-backed financing grows steadily.

    Thomas Brunner, Head of Custody & Staking at Sygnum Bank, said: “Solana has established itself as a leading Layer 1 blockchain with significant adoption. Being the second-largest staking token by staked market capitalization, adding SOL staking capabilities was a natural evolution of our offering. Combined with our Lombard loan functionality, clients can now maximize the utility of their Solana holdings.”

    Solana’s Challenges and Market Position

    Still, the bank is clear that Solana has some catching up to do before it can truly compete with Ethereum, especially when it comes to winning over traditional financial institutions. In a recent blog post, Sygnum noted that while sentiment around Ethereum remains weak, much of the market’s attention is on Solana’s transaction volumes and its recent dominance in fee generation. However, they caution that Solana “does not seem focused on increasing token value” at this time.

    Backing this up, data from Blockworks reveals that Solana’s 24-hour network revenue recently surpassed all other Layer 1 and Layer 2 chains combined, exceeding Ethereum’s revenue by three times, Bitcoin’s by eleven times, and Base’s by thirty-five times. For comparison, Ethereum generated $2.5 million in 24-hour revenue, Bitcoin brought in $647,900, and Base recorded roughly $273,700.

    Despite this impressive network activity, Solana’s trading volume has dropped by 28.33%, now standing at $3.9 billion. Bitcoin’s price dipped by around 1.87%, trading at $102,283, and Solana followed with a 5.87% drop over the past 24 hours. However, over the past week, SOL has gained 10.58%, reaching a price of $170 and pushing its market capitalization to $88.46 billion. Also, its open interest has declined by 7.71%, now at $6.7 billion, and options volume has fallen significantly by 32.20%, settling at $1.06 million.

    Meanwhile, crypto educator Cryptbusy points out that Solana is currently completing a massive Cup & Handle pattern, breaking out of a falling wedge with a strong 10% surge today. According to their analysis, this rally is just getting started, with price targets projected at $261, a 45% increase,  and potentially soaring as high as $386, which would be a 115% upside.


    Recommended for you:
    • Solana Wallet Tutorial
    • Check 24-hour Solana Price
    • More Solana News
    Solana Sygnum
    This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.
    Previous ArticlePi Coin Crashes 33% as $100M VC Fund Triggers Community Backlash
    Next Article IOTA Champions Web3-Friendly AML Regulations in Australia Submission
    James M. Gathecha
    • Website
    • X (Twitter)

    James is dedicated to demystifying intricate technological concepts. His keen eye for details has positioned him as a trusted voice in decentralized technologies. With years of experience, she creates insightful articles, in-depth analyses, and captivating narratives that uncover the potential and hurdles within the crypto and blockchain landscape. Business Email: [email protected] Phone: +49 160 92211628

    Related Posts

    Michael Saylor Urges U.S. to Secure 20% of Global Bitcoin Supply

    Long-Term Bitcoin Holders Take the Lead: Ancient Supply Now Outpaces New BTC Issuance

    Chainlink Rolls Out AI-Based Universal Search to Help Developers Navigate Its Ecosystem

    Michael Saylor Urges U.S. to Secure 20% of Global Bitcoin Supply
    19. June 2025
    Long-Term Bitcoin Holders Take the Lead: Ancient Supply Now Outpaces New BTC Issuance
    19. June 2025
    Chainlink Rolls Out AI-Based Universal Search to Help Developers Navigate Its Ecosystem
    19. June 2025
    Solana (SOL) Technical Analysis Points to More Trouble Ahead as Viral Crypto Below $0.002 Offers 87x ROI in Next 4 Months
    19. June 2025
    ABOUT US AND ADDITIONAL INFO
    Crypto News FlashCrypto News Flash is your number one source for the latest news and information from the world of cryptocurrencies.

    About us
    Contact us
    Editorial Guidelines
    Terms of Use
    Legals
    Data protection policy
    Cookie Policy

    *= Affiliate-Link

    Charts
    • Bitcoin Price
    • Ethereum Price
    • XRP Price
    • Litecoin Price
    • Bitcoin Cash Price
    • EOS Price
    • Cardano Price
    • Tron Price
    • IOTA Price
    • Monero Price
    Buy Cryptocurrencies
    • Buy Bitcoin
    • Buy Ethereum
    • Buy XRP
    • Buy Litecoin
    • Buy Bitcoin Cash
    • Buy EOS
    • Buy Cardano
    • Buy Tron
    • Buy IOTA
    • Buy Monero
    Wallets
    • Bitcoin Wallet
    • Ethereum Wallet
    • XRP Wallet
    • Litecoin Wallet
    • Bitcoin Cash Wallet
    • EOS Wallet
    • Cardano Wallet
    • Tron Wallet
    • IOTA Wallet
    • Monero Wallet
    Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and information of readers and do not provide investment advice or a recommendation within the context of the Securities Trading Act. The content of this website solely reflects the subjective and personal opinion of the authors. Readers are requested to form their own opinions on the contents of this website and to seek professional and independent advice before making concrete investment decisions. The information found on this site does not contain any information or messages, but is intended solely for information and personal use. None of the information shown constitutes an offer to buy or sell futures contracts, securities, options, CFDs, other derivatives or cryptocurrencies. Any opinions provided, including e-mails, live chat, SMS or other forms of communication across social media networks do not constitute a suitable basis for an investment decision. You alone bear the risk for your investment decisions.

    Type above and press Enter to search. Press Esc to cancel.