Sygnum Bank Embarks on Bitcoin Lending with Multisignature Custody

Swiss digital asset bank Sygnum Bank has partnered with Debifi to offer a groundbreaking Bitcoin-backed lending product. This new offering leverages a multisignature lending model, giving borrowers direct control of their collateral through distributed key management. In essence, this means assets cannot be rehypothecated. Sygnum clients can access fiat loans backed by Bitcoin, requiring the authorization of three out of five key holders for any transactions. Borrowers gain full transparency and assurance that their collateral is secured throughout the loan term.