Relaa starts Bitcoin-supported loans in cooperation with Sygnum Bank

The Bitcoin startup relay, based in Swiss, has announced a strategic partnership with Sygnum Bank in order to start Bitcoin-Backed loans for individuals with high network values ​​(HNWIS) with which users can access to liquidity without selling their Bitcoin, according to one press release sent to Bitcoin magazine.

The service is the first of its kind in Switzerland and combines the intuitive Bitcoin investment platform from Rela with the regulated digital bank infrastructure from Sygnum. With this offer, the private customers of Rela can unlock the value of their Bitcoin stocks for financial flexibility or investments without affecting their long-term crypto positions.

“At Relai we are building the future of Bitcoin-focused financial services. This partnership with Sygnum Bank is a great milestone for us as a startup,” said Julian Liniger, CEO and co-founder of Relai. “Bitcoin-supported loans are a player for our wealthy customers and offer them access to cash without having to sell their Bitcoin.

Relay, which has become a leading app for buying Bitcoin within a minute, says that you see this development as a crucial step in its wider European expansion plans. The company would like to acquire a market in the license for crypto-assets regulation (mica) later and target a user base of over 500 million across Europe.

“For Bitcoin maximalists and investors with a high network who have had” non-selling philosophy “for a long time, this Allianz creates a financial bridge between Diamond Hands and Real World Capital supplies,” the company explained in the press release. Customers with portfolios of more than 100,000 CHF or EUR can now access considerable liquidity and at the same time maintain long -term engagement in Bitcoin.

“We are proud to work with relay, a company that shares our commitment to simplicity, transparency and Bitcoin-First innovation”, Benedikt Koedel, CFA, Head and lending at the Sygnum Bank. “This collaboration brings the strength of our regulated credit frastructure to new groups of private investors and enables them to unlock liquidity without affecting their long -term vision.” When Bitcoin adoption increases, the Bitcoin-von Relai could play a larger role in bridging Bitcoin with traditional financial services across Europe.