Lombard

Built on the foundation of Bitcoin's 17-year consensus history and Ethereum's track record, Lombard is an onchain company that issues institutional-grade Bitcoin assets, onchain financial solutions, and core infrastructure. Its flagship product, LBTC, is a yield-bearing Bitcoin asset fully-backed by BTC and free to compose throughout DeFi, allowing allocators to utilize and grow their BTC holdings while retaining core exposure to the asset. Lombard's vision is to connect Bitcoin to DeFi, enabling the world's largest institutions and individuals to use their BTC productively on lending markets, liquidity venues, and decentralized exchanges.

Lombard's technology and features are centered around its proprietary Bitcoin Smart Accounts system, which enables collateral recognition without asset movement. This breakthrough infrastructure recognizes BTC held in institutional custody as onchain collateral, allowing users to access onchain finance without transferring custody or control of the underlying BTC to any third party. The system relies on foundational technologies, including Bitcoin's consensus history and Ethereum's track record, and minimizes trust by involving custodians in the validation of Bitcoin locks.

Lombard's use cases and utility are centered around its ability to unlock dormant liquidity and enable the productive use of Bitcoin in various financial applications. Its products and infrastructure cater to both individuals and institutions, providing a suite of onchain solutions for lending, borrowing, trading, and yield-generating strategies. The company's native token, BARD, serves as a security, utility, and governance token, with three core roles: staking to secure LBTC and protocol infrastructure, discounts and early access to products, and voting on proposals and fee structures.

Lombard has established itself as a leading player in the Bitcoin DeFi ecosystem, with notable partnerships and collaborations with institutions such as Galaxy, DCG, OKX, Wintermute, Amber Group, Antpool, and F2Pool. The company's community-driven approach is reflected in its governance model, which involves a decentralized decision-making process for protocol development and updates. With a strong focus on security, transparency, and innovation, Lombard is poised to play a significant role in shaping the future of Bitcoin capital markets.

Lombard's roadmap and traction are marked by significant milestones, including the launch of LBTC, which reached $1 billion TVL in just 92 days, and the acquisition of BTC.b from Ava Labs. The company has also established a strong presence in the ecosystem, with partnerships with leading protocols such as Aave, Morpho, Maple, Spark, Pendle, Ether.fi, EigenLayer, and others. With its native token, BARD, and the Liquid Bitcoin Foundation, Lombard is well-positioned to drive adoption and growth in the Bitcoin DeFi space.