Lombard is building full-stack infrastructure to expand Bitcoin capital markets on-chain, aiming to unlock the full potential of the world’s most important asset—just as Tether and Circle transformed stablecoins.
Its flagship product, $LBTC, is Bitcoin’s leading yield-bearing asset, fully backed by BTC and integrated with major DeFi protocols like Aave, Spark, Pendle, and Etherfi across 12 blockchains. Secured by a decentralized consortium of 14 institutions, $LBTC has become the largest Bitcoin LST with 57% market share, and the fourth-largest BTC derivative overall, trailing only $WBTC, $CBBTC, and $BTCB.