Sygnum Bank has partnered with Bitcoin-backed lending platform Debifi to launch a multisignature lending product that allows borrowers to retain shared control of their collateral.
According to the Swiss digital asset bank’s announcement on Friday, the product introduces a Bitcoin-native multisign lending model. This model enables clients to retain control of their collateral through distributed key management, ensuring that assets cannot be rehypothecated.
With this new setup, Sygnum clients can take out fiat loans backed by Bitcoin, requiring authorization from three of the five key holders for any transaction. This approach allows borrowers to track and verify their collateral directly on-chain.
“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 bank explained.
The product, named MultiSYG, is set to debut in the first half of 2026 and will be available to all Sygnum Bank customers upon launch.
### Bitcoin-Backed Loans Are Back
Bitcoin-backed loans are making a comeback this year.
In April, Bitcoin mining company Riot Platforms used its stockpile as collateral to secure a $100 million credit facility from Coinbase Prime, Coinbase’s credit arm. Following that, Coinbase Prime issued another $100 million loan to mining company Cleanspark in September. That same month, Cleanspark secured a second line of credit worth $100 million, backed by its Bitcoin treasury from Two Prime.
According to a Bloomberg report, Cantor Fitzgerald also 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 first tranche of its deal with Cantor.
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This resurgence highlights renewed confidence in Bitcoin-backed lending as a viable financial service within the crypto and traditional finance sectors.
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