Lending

How do I apply for a Sygnum credit card?

If you are a Sygnum client, please contact your Relationship Manager or our team here.

What type of credit cards are available?

Sygnum offers CHF, EUR and USD credit cards for both private individuals and corporate entities. Private individuals can choose between Silver, Gold cards from Visa or Mastercard and Platinum cards from Visa with distinct benefits, such as insurance and rewards points.

Corporate entities can choose between Business or Corporate Mastercard with Silver or Gold benefits that include insurance and turnover discounts. Details for these cards are available here.

If you are a Sygnum client, please contact your Relationship Manager or our team to learn more here.

Who is eligible to obtain a credit line with Sygnum?

All private qualified and institutional Sygnum clients are eligible for a credit line using crypto assets as collateral.  

How do I apply for the credit line?  

If you are a Sygnum client, please contact your Relationship Manager or our team here.

Most client loan applications can be assessed in the same business day.

Which assets can be used as collateral?

We accept the following tokens as collateral: 

Solana and Polkadot tokens will be added soon to our platform.

Please click here for an overview of the digital assets we offer for custody, staking, trading and lending. Further tokens are available on request.

Which fees does your Sygnum credit line have?  

The credit line has two associated fees: interest and commitment.   

Interest fee: Sygnum charges an interest fee on the current drawings only. For example, if you have a CHF 1 million credit line with us, and you use only CHF 800,000 of it, we only charge interest on the CHF 800,000 drawing.   

Commitment fee: This is the minimum fee you would need to pay every 12 months to keep the credit line open with us. For example, if your contract has a total limit of CHF 1 million and a commitment fee of 1 percent p.a., you would pay a minimum fee of CHF 10,000. If you use the line and the total interest charge is higher than CHF 10,000, the commitment fee is waived.  

How are credit line fees charged?

Fees are charged on the last day of each quarter (31 March, 30 June, 30 September and 31 December). Fees are charged directly to the client’s account for the credit line.   

What happens if my assets decrease in value and a margin call procedure is triggered?  

Sygnum has two procedures:   

In the case of a margin call, we contact a client and request additional collateral to restore the initial margin level.

At a liquidation level, Sygnum has the right, but not the obligation, to close any open positions and liquidate clients’ collateral to cover negative balances and meet collateral requirements.
Margin call thresholds vary according to the composition of a clients’ portfolio.

What happens to assets once clients pledge them as collateral?  

Assets will be locked and unable to be transferred out, but will remain secure in the client’s Sygnum custody account. If the assets gain in value and the client becomes “over-collateralised”, the assets exceeding the collateralisation level become available for further trading and transferring out. This is an automatic process and is updated in real-time according to market prices.   

Does Sygnum use my collateral for other business purposes?

Although obtaining ownership of the collateral (rehypothecation) is common, this is not a market practice Sygnum follows. Therefore, our clients do not face a counter-party risk when depositing their assets with Sygnum. Clients retain full ownership of all their assets, including those pledged as collateral, and have standard custody fees applied. 

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This website and the information contained herein are addressed solely to persons residing or domiciled in Switzerland.

Sygnum is a regulated bank supervised by the Swiss Market Financial Authority (FINMA). The products and services on this website are authorised in Switzerland. Sygnum cannot promote its products and services in other countries where it is not authorised by the supervisory authority of that country to do so.

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Investor qualification

The following content is available to qualified investors. Please confirm your details below to visit this page, or please see our other digital asset updates here.

Qualified investor - As defined in Art. 10 (3) ff. of the Swiss Collective Investment Schemes Act. In particular, natural persons who have the knowledge required to comprehend the risks of the investments based on their individual education and professional experience or based on comparable experience in the financial sector and hold liquid assets of at least CHF 500,000.

A US Person is defined as (a) an individual who is a citizen or resident of the United States for federal income tax purposes; (b) a corporation, partnership or other entity created or organised under the laws of or existing in the United States; (c) an estate or trust the income of which is subject to United States federal income taxes regardless of whether such income is effectively connected with a United States trade or business.

Disclaimer:

The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication, and should not be considered exhaustive. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. This publication does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets. No elements of precontractual or contractual relationship are intended. While the information is believed to be from accurate and reliable sources, Sygnum makes no representation or warranties, expressed or implied, as to the accuracy of the information. Sygnum expressly disclaims any and all liability that may be based on such information, omissions, or errors thereof. Any statements contained in this publication attributed to a third party represent Sygnum‘s interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Sygnum reserves the right to amend or replace the information, in part or entirely, at any time, and without any obligation to notify the recipient of such amendment / replacement or to provide the recipient with access to the information. Simultaneously, there is no obligation of Sygnum to inform recipients of information, if before provided information later becomes outdated, inaccurate or obsolete, unless otherwise provided by applicable law. The information provided is not intended for use by or distributed to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which Sygnum does not hold the necessary registration, approval authorization or license. Except as otherwise provided by Sygnum, it is not allowed to modify, copy, distribute or reproduce, display, license, or otherwise use any content for commercial purposes.

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