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Sygnum and Debifi launch first bank-backed multisig Bitcoin loan product, MultiSYG.

Market News
23 Oct 2026
Bitcoin
View Source
Bullish
Sygnum and Debifi launch first bank-backed multisig Bitcoin loan product, MultiSYG.

Swiss digital asset bank Sygnum and Latvian platform Debifi introduced MultiSYG, a Bitcoin-backed loan secured by a multisig wallet, marking the first such product offered by a regulated bank. The collateral is held in a 3-of-5 multisig wallet with keys split among the borrower, the bank, and independent keyholders, enhancing security and control. The loan offers a maximum 65% loan-to-value ratio, with collateral protected under Swiss law as off-balance-sheet assets. This product addresses risks seen in single-signature wallets by requiring multiple approvals for transactions, providing greater safety for Bitcoin-backed loans.

The new multisig Bitcoin loan by Sygnum and Debifi offers a fresh approach to crypto lending. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 23, 2026 19:01 WIB: out of 50 major cryptocurrencies, 26 rose and 23 fell. Notable movers include FIL at Rp17.709 with a 3.03% decline and SAND at Rp949 down 2.93%.

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