- Sygnum Bank collaborates with Bitcoin-backed lending platform Debifi to create a Bitcoin-native multisignature lending product.
- The new product enables borrowers to keep shared control of their Bitcoin collateral through distributed key management.
- Loans require authorization from three of five key holders, preventing unauthorized use or rehypothecation of collateral.
- The lending service will launch in the first half of 2026 and be open to all Sygnum Bank customers.
- Bitcoin-backed loans are increasing this year, with multiple major loans exceeding $100 million secured by Bitcoin by companies like Riot Platforms, Coinbase Prime, and Cantor Fitzgerald.
Sygnum Bank has announced a partnership with Bitcoin-backed lending platform Debifi to introduce a new multisignature lending product. The product allows borrowers to keep shared control of their Bitcoin collateral while securing fiat loans. It will be available to Sygnum Bank clients starting in the first half of 2026.
The product uses a Bitcoin-native multisign lending model based on distributed key management. This method requires three out of five key holders to approve any transaction, allowing clients to maintain control of their collateral during the loan term. The system prevents rehypothecation, meaning the collateral cannot be reused without authorization. Borrowers will also be able to track and verify their collateral directly on the Bitcoin blockchain.
Sygnum Bank stated, “While other banks require full custody for Bitcoin-backed loans, MultiSYG’s distributed key management means clients retain verifiable control of their collateral throughout the loan term – a growing demand from Bitcoin investors.” This approach contrasts with models where banks hold full custody of the collateral, giving clients more transparency and security.
Bitcoin-backed loans have seen renewed activity in 2025. In April, mining company Riot Platforms pledged its Bitcoin stockpile to secure a $100 million credit facility from Coinbase Prime, the credit arm of Coinbase. Later in September, Coinbase Prime issued an additional $100 million loan to mining company Cleanspark. That same month, Cleanspark obtained a second $100 million credit line backed by Bitcoin from Two Prime.
According to a Bloomberg report, Cantor Fitzgerald extended Bitcoin-backed loans exceeding $100 million each to FalconX and Maple Finance in May. FalconX confirmed a facility surpassing $100 million under a broader credit arrangement, while Maple Finance completed the first tranche of its deal with Cantor.
This growing activity highlights a resurgence in Bitcoin-backed loan products within the market.
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