Sygnum Bank Recognizes Demand: Accepts Staked SOL as Collateral for Loans
Sygnum Bank has taken a significant step in the crypto lending space. The bank now allows clients to use staked Solana (SOL) as collateral for multi-currency loans. This decision aligns with the growing institutional interest in cryptocurrencies. Sygnum’s move has resulted in a doubling of its crypto lending volume. By accepting staked SOL, the bank demonstrates its commitment to innovation and responding to market needs. Clients can now leverage their staked assets for liquidity, benefiting from enhanced financial solutions in the evolving crypto landscape.