Sygnum Bank announced a Bitcoin-backed loan platform.

A New Financial Era Begins

Sygnum Bank and Debifi have introduced a new credit platform called MultiSYG, allowing borrowers to maintain control over a portion of their Bitcoin. This innovative platform is set to launch next year.

MultiSYG is designed to address concerns about rehypothecation in the traditional financial system. Borrowers will be able to manage their Bitcoin more effectively with the high security and transparency offered by the system.

Advanced Security with Investor Protection

The platform utilizes a multi-signature wallet system that requires three signatures for asset movements. This feature significantly enhances borrower security while also providing greater transparency in the process.

Expected to gain significant momentum in a short time, MultiSYG is considered a groundbreaking step in the world of cryptocurrency.