Sygnum allows pledged Solana to be used as collateral for loans to obtain liquidity and passive income

According to Beincrypto, digital asset bank Sygnum allows pledged Solana (SOL) as a loan collateral option, allowing institutional clients to retain pledged proceeds while obtaining liquidity. Sygnum stated that pledging SOL loans can reduce funding costs compared to ordinary SOL mortgages, and some of the pledged proceeds can be directly offset against interest expenses. Sygnum adopts an independent on chain hosting solution and completes staking operations through APIs or customer manager channels. Last August, the bank issued a $50 million Bitcoin mortgage loan. The current annualized yield of SOL pledge is about 5.7%. This is the first time that Sygnum has accepted pledged assets as collateral, reflecting the continuously increasing demand for liquidity management of cryptocurrency assets by institutions.