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Swiss Bank Sygnum Now Accepts Staked SOL as Collateral for Fiat Loans

  • Sygnum Bank now accepts staked Solana (SOL) as collateral for Lombard loans, allowing clients to access fiat liquidity without giving up staking rewards.
  • Staked SOL joins Sygnum's existing collateral portfolio for Lombard loans, which includes over 20 tokens like Bitcoin and Ethereum, as institutional demand for crypto-backed financing rises.
  • Despite Solana's success in transaction volumes and fee generation, it still faces challenges in competing with Ethereum in the traditional finance realm.
  • Solana's recent market performance shows a drop in trading volume but a price increase over the week, with potential price targets at $261 and $386 according to crypto educator Cryptbusy's analysis.

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