Lombard

About

Lombard issues LBTC, a yield-bearing liquid-staked Bitcoin token enabling cross-chain DeFi use, supported by a blockchain-anchored security layer, middleware SDK for exchanges, custody consortium and vaults.

Mission

Lombard’s core product is LBTC, a yield-bearing liquid staking bitcoin token with roughly $1.5 billion in total value locked and integrations across Aave, Etherfi, Pendle and others. Around LBTC the team has built a full stack including a security layer anchored by its own blockchain, middleware (an SDK used by Bybit and Binance), cross-chain wrappers like BTCK on Katana, and vaults/aggregation tools to channel bitcoin into onchain yield strategies. Lombard has secured custody and security via a consortium of 14 digital asset firms, including Galaxy, Wintermute, and OKX. The company was founded in 2024 and previously raised $17 million in seed funding led by Polychain Capital with participation from Franklin Templeton, Bybit, YZi Labs and others. Lombard is preparing to launch a native governance token, BARD, via a community sale and has established the Liquid Bitcoin Foundation to oversee protocol development, partnerships, research, and grants. The grants program is intended to support both commercial projects and public goods to grow the ecosystem. Lombard’s flagship product, LBTC, is a liquid, yield-bearing, natively cross-chain representation of Bitcoin that lets holders participate in lending, borrowing, and trading across DeFi protocols. LBTC aims to unlock parked and staked Bitcoin liquidity and inject it into the Web3 ecosystem. The project plans close technical integration with Babylon’s trustless, self‑custodial Bitcoin staking protocol to enable yield on staked BTC while preserving liquidity. Lombard positions LBTC to boost liquidity on major exchanges and DeFi platforms by enabling cross‑chain movement and aggregation of Bitcoin liquidity. The team includes DeFi veterans from Argent, Coinbase, and Maple, and Polychain Capital is actively involved in the project’s development. The startup raised $16 million in a seed round to support LBTC’s launch and adoption, though it faces competition from existing solutions and the broader volatility of the cryptocurrency market.

Quick Facts