Sygnum Bank, a regulated Swiss digital asset bank, has partnered with Bitcoin lender Debifi to introduce MultiSYG, a non-custodial Bitcoin-backed loan platform set to launch in the first half of 2026.
The platform will employ a 3-out-of-5 multi-signature escrow wallet, enabling borrowers and Sygnum to share control over Bitcoin collateral while allowing on-chain verification, ensuring transparency and security without full custody transfer.
Targeting institutional and high-net-worth clients, MultiSYG permits users to draw fiat loans against their Bitcoin holdings, maintaining partial control and adhering to the "not your keys, not your coins" principle.
Announced at Switzerland's Plan B Forum in Lugano, this initiative responds to oversubscribed loan demand and aims to bridge regulated banking with Bitcoin-native technology, offering competitive rates, flexible drawdowns, and premium services.
Max Kei, CEO of Debifi, emphasized, "A Bitcoin loan should not require blind trust in a custodian. MultiSYG's structure lets borrowers verify their collateral while benefiting from Sygnum's regulated banking relationship."
Pascal Eberle, head of Bitcoin@Sygnum, added, "We are bringing Bitcoin-native technology to regulated bank lending, providing bank-grade pricing and flexibility while retaining cryptographic proof and control."
The platform prevents rehypothecation, ensuring clients' assets remain untouched, and is part of Sygnum's broader Bitcoin@Sygnum initiative, which includes existing Bitcoin and Ethereum services, tokenization, and custody solutions across global hubs like Singapore and Luxembourg.
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