Sygnum Partners With Debifi to Launch MultiSYG Bitcoin-Backed Multi-Signature Loans

Swiss digital asset bank Sygnum has partnered with Debifi to launch MultiSYG, a bitcoin-backed lending product using dedicated multi-signature architecture. The offering holds collateral in 3-of-5 multisig wallets split between the borrower, Sygnum, and independent keyholders, offering a maximum loan-to-value ratio of 65% with bankruptcy-remote protections under Swiss law. The launch follows a shift at Sygnum where Bitcoin climbed to over 80% of total pledged loan collateral by volume, up from 63% in 2023, while Bitcoin's one-year annualized volatility decreased to roughly 40% from 80% in 2021.