Sygnum Bank has announced a partnership with Bitcoin-backed lending platform Debifi to introduce a new multisignature lending product. This innovative offering allows borrowers to maintain shared control over their collateral.
The Swiss digital asset bank detailed in an announcement on Friday that the product features a Bitcoin-native multisign lending model. This model enables clients to retain control of their collateral through distributed key management, thereby preventing the rehypothecation of assets. Sygnum clients will be able to secure fiat loans backed by their Bitcoin holdings. The setup requires three out of five key holders to authorize any transaction, providing borrowers with the ability to track and verify their collateral directly on the blockchain.
The bank emphasized, "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."
The new product is scheduled to debut in the first half of 2026 and will be accessible to all Sygnum Bank customers upon its launch.
Resurgence of Bitcoin-Backed Loans
Bitcoin-backed loans are experiencing a resurgence this year. In April, the Bitcoin mining company Riot Platforms utilized its Bitcoin stockpile as collateral to secure a $100 million credit facility from Coinbase Prime, Coinbase’s credit arm.
Coinbase Prime subsequently issued another $100 million loan to the mining company Cleanspark in September. In the same month, Cleanspark secured a second line of credit totaling $100 million, also backed by its Bitcoin treasury, from Two Prime.
According to a Bloomberg report, Cantor Fitzgerald issued Bitcoin-backed loans to FalconX and Maple Finance in May. FalconX confirmed a facility exceeding $100 million under a broader credit arrangement, while Maple Finance completed the initial tranche of its deal with Cantor.