Lombard
Lombard Finance is a multi-chain Bitcoin capital markets protocol offering liquid staked Bitcoin (LBTC), cross-chain Bitcoin (BTC.b), custody-preserving institutional rails (Bitcoin Smart Accounts), and developer/AI-agent SDKs, serving 270,000+ retail and institutional users across 15 blockchains.
- Company typePrivate
- Founded2024
- HeadquartersSydney, Australia
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What Lombard does
Lombard Finance is a multi-chain Bitcoin capital markets protocol founded in 2024 and headquartered operationally in Sydney, Australia, with the Liquid Bitcoin Foundation registered in the Cayman Islands (April 25, 2025) and the operating issuer entity Liquid Bitcoin Operations Inc. registered in Panama (May 20, 2025). The platform's core products are LBTC, a yield-bearing liquid staked Bitcoin token built on the Babylon protocol that earns native BTC yield from Bitcoin Secured Networks, and BTC.b, a non-yield 1:1 cross-chain Bitcoin asset acquired from Ava Labs in October 2025 for $400M+ that enables fast (2-hour) cross-chain transfers. The system runs on a Cosmos-based appchain (Lombard Ledger) using CometBFT consensus, secured by a 14-15 member Security Consortium (Galaxy, OKX, Kraken, DCG, Wintermute, Antpool, F2Pool, Chorus One, Figment, Kiln, P2P, Cubist, Amber Group, Nansen, Bitwise Onchain Solutions) requiring 10-of-15 supermajority consensus, with FIPS-140 HSM key management via Cubist's CubeSigner and a Bascule Drawbridge independent verification layer, plus Chainlink- and Redstone-powered Proof of Reserve updating every 10 minutes.
Lombard generates revenue from multiple streams: protocol-level redemption fees on LBTC and BTC.b (queryable on-chain via contract functions), a 0.0001 LBTC unstaking fee, partner revenue sharing on BTC deposit flows bound to Partner IDs, and quote-based institutional product fees. The product surface includes the Bitcoin Earn meta-vault (automated deployment across lending, liquidity provision, yield farming, and structured products), the Lombard DeFi Marketplace across 12+ blockchains, the TypeScript-based Lombard SDK and the Bitcoin Agent SDK (with LangChain, Vercel AI SDK, Coinbase AgentKit, and Claude Desktop/MCP adapters), and Bitcoin Smart Accounts (a custody-preserving rail using PSBTs and Taproot scripts to recognize custodied BTC as onchain collateral via BTC.b, with Morpho as initial liquidity partner and Bitwise as the flagship institutional partner). Go-to-market combines product-led growth (self-serve app, permissionless LBTC/BTC.b), enterprise field sales for Bitcoin Smart Accounts, an SDK/API-first distribution model, channel partner distribution through exchanges, wallets, and staking providers, and community-led incentives (Lux points, seasonal BARD airdrops).
The protocol has scaled to $1B TVL in 92 days, $3B+ in net-new Bitcoin liquidity onboarded to 15 blockchains, $750M in cumulative vault deposits, 270,000 LBTC users globally, and 500,000+ transactions with zero security incidents. Customers and partners span retail Bitcoin holders, institutional investors (Bitwise, Franklin Templeton, Galaxy, treasury/asset managers), DeFi protocols (Aave, Morpho, Uniswap, Curve, Pendle, EtherFi, Veda), exchanges (Binance, Bybit, OKX), wallets (Ledger, Xverse, Cool Wallet), staking providers (Galaxy, Kiln, Figment, P2P), and the AI-agent ecosystem. The BARD governance token (fixed supply of 1 billion) is being admitted to trading in the EU/EEA under MiCA with Ireland as home member state, while the U.S. and several sanctioned jurisdictions are restricted.
Lombard firmographics
Firmographics- Name
- Lombard
- Legal name
- Lombard Finance Ltd
- Website
- https://lombard.finance
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Lombard Finance is a multi-chain Bitcoin capital markets protocol offering liquid staked Bitcoin (LBTC), cross-chain Bitcoin (BTC.b), custody-preserving institutional rails (Bitcoin Smart Accounts), and developer/AI-agent SDKs, serving 270,000+ retail and institutional users across 15 blockchains.
- Ownership category
- akta.pro rank
Lombard industry classification
Industry- Product category
- Bitcoin DeFi Protocol
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Financial Investment Activities (5239), Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (52599), Other Financial Vehicles (525990), Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- Mint/Redeem, Issuance APIs & Treasury Operations Platforms (FSADADAE)
- akta.pro secondary industries
- On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury) (FSAGAMAD), Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB), On/Off-Ramps & Fiat Liquidity Providers for Stablecoins (FSADADAG), Market Making, Liquidity & Peg-Stabilization Services (FSADADAJ)
Keywords
Where Lombard is headquartered
LocationHeadquarters
- HQ city
- Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
Lombard business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales, Others
Revenue model
- Redemption Fees: Protocol charges redeem fees on LBTC and BTC.b redemptions, plus separate 'to native' commissions for cross-chain redemptions back to native BTC. Fees are calculated on-chain and can be queried via smart contract functions (getRedeemFee, toNativeCommission).
- Finality Provider Commission: 8% finality provider commission is deducted from staking rewards before they are passed through to LBTC holders via the exchange rate appreciation. Operated with Galaxy, Kiln, P2P, and Figment as Finality Providers.
- Partner Revenue Sharing: Native BTC deposit flows (prepare_btc_to_lbtc_deposit, prepare_btc_to_btcb_deposit) generate BTC deposit addresses bound to a Partner ID. Production partners can be attributed and revenue-shared on these flows, providing a GTM incentive for integrators.
- Institutional Product Fees: Institutional-grade products including Bitcoin Smart Accounts and forthcoming basis trade vaults and tokenized options vaults built with leading institutions. Custom pricing for institutional clients accessing these services.
- Minting and Bridging Fees: 0% minting fee on BTC.b (acquired from Ava Labs); LBTC staking involves yield-based economics via the exchange rate. Cross-chain bridging of LBTC across 14+ chains generates protocol-level transaction value.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | LBTC redeem fees: on-chain fee + to-native commission for BTC destinations |
| Transaction based/ take rate | Pay-as-you-go | BTC.b redemption: redeem fee + to-native commission |
| Other | Pay-as-you-go | BTC.b minting |
| Outcome Based/ Performance | Pay-as-you-go | LBTC staking yield (variable APY) |
| Transaction based/ take rate | Pay-as-you-go | LBTC unstaking fee |
| Other | Multi-year contract | Institutional products (Bitcoin Smart Accounts, basis trade vault, tokenized options vault) |
Go-to-market motion6 records
Distribution channels6 records
Marketing channels10 records
Lombard product offering
Product offeringCore offering
Lombard Finance operates a multi-chain Bitcoin capital markets protocol that issues LBTC, a yield-bearing liquid staked Bitcoin token built on the Babylon protocol, and BTC.b, a 1:1 cross-chain Bitcoin asset. The platform enables retail and institutional users to stake native BTC, mint cross-chain Bitcoin, deploy capital into automated yield vaults, and access DeFi markets across 15+ blockchains, all secured by a 14-15 member Security Consortium with multi-party signing and on-chain Proof of Reserve.
Product overview
Lombard Finance is a unified platform-plus-modules architecture for Bitcoin capital markets onchain, founded in 2024. The core product stack is built around the Lombard Ledger (a Cosmos-based appchain with CometBFT consensus) operated by the Security Consortium. The flagship products are LBTC (yield-bearing liquid staked Bitcoin via Babylon protocol) and BTC.b (non-yield 1:1 cross-chain Bitcoin asset acquired from Ava Labs in October 2025). These are complemented by Bitcoin Earn (an automated meta-vault for yield optimization), the Lombard DeFi Marketplace (lending/borrowing across 12 blockchains), and Bitcoin Smart Accounts (the institutional custody-to-DeFi rail with Morpho and Bitwise). The developer surface includes the Lombard SDK (Bitcoin Connect, TypeScript SDK for EVM/Solana/Sui/Starknet) and the Bitcoin Agent SDK (AI agent packages for LangChain, Vercel AI SDK, AgentKit, and Claude Desktop via MCP). The BARD token provides governance and is distributed via seasonal airdrops. All assets are secured by the 14-member Security Consortium with CubeSigner HSMs and Bascule Drawbridge independent verification, with real-time Proof of Reserve powered by Chainlink and Redstone oracles.
Differentiator
Problem solved
Functional benefit
Brands
- LBTC: Lombard's yield-bearing Bitcoin liquid staking token, built on the Babylon protocol.
- BTC.b
- Bitcoin Earn
- Bitcoin Smart Accounts (BSA)
- BARD
- Lombard SDK
- Lombard Ledger
Products and services
- LBTC Lombard's flagship yield-bearing liquid staked Bitcoin (LST) token built on the Babylon protocol. Users stake BTC to receive LBTC, which is 1:1 backed by native BTC and earns a native yield paid by Bitcoin Secured Networks (BSNs) in their native tokens. LBTC uses a non-rebasing design where the exchange rate increases over time, allowing holders to earn yield while staying liquid for use in DeFi. The product is intended for retail Bitcoin holders, institutional investors, and DeFi users seeking yield on BTC.
- BTC.b Non-yield Bitcoin token maintaining strict 1:1 parity with native BTC, enabling fast cross-chain Bitcoin transfers with 0% minting fee and a 2-hour withdrawal period. Originally launched by Ava Labs and acquired by Lombard in October 2025. Functions as the cryptographic receipt token for Bitcoin Smart Accounts. The product is intended for developers, exchanges, and institutions needing fast, low-cost cross-chain BTC transfers.
- Bitcoin Earn Automated yield vault product (meta-vault) that puts Bitcoin to work across a diversified portfolio of strategies through a single deposit. Accepts LBTC, BTC.b, WBTC, or native BTC and deploys capital across lending, concentrated liquidity provision, yield farming, and structured products. Rewards auto-compound into BTCe vault share tokens, and strategy execution, rebalancing, and yield optimization are handled automatically. The product is intended for Bitcoin holders seeking hands-off yield optimization.
- Bitcoin Smart Accounts (BSA) The first rail between institutional custody and onchain finance. Recognizes custodial Bitcoin as collateral via a BTC.b receipt token without the underlying Bitcoin ever leaving custody. Uses Partially Signed Bitcoin Transactions (PSBTs), Taproot scripts, and time locks to form emulated covenants, and a Trusted Execution Environment-based arbitration system. Initial liquidity partner is Morpho, with Bitwise Asset Management partnership announced for institutional rollout. The product is intended for institutional investors, asset managers, corporate treasuries, and family offices.
- Lombard SDK (Bitcoin Connect) First-ever Bitcoin Infrastructure SDK providing a complete, deployment-ready TypeScript toolkit to embed native BTC deposits and yield directly into any chain, protocol, or wallet. Part of Bitcoin Connect, the developer platform to build Bitcoin products on any chain. Supports EVM, Solana, Sui, and Starknet. Active partners include Binance, Bybit, Ledger, Xverse, Cool Wallet, and Figment. The product is intended for developers, exchanges, wallets, DeFi protocols, and AI agent builders.
- Bitcoin Agent SDK SDK for AI agents that enables autonomous AI agents to hold, stake, earn yield on, and borrow against Bitcoin on behalf of users without touching user keys. Distributed as two packages: @lombard.finance/sdk-agent (framework-agnostic tools with Vercel AI SDK and LangChain adapters) and @lombard.finance/sdk-agentkit (Coinbase AgentKit ActionProvider). Compatible with Claude Desktop via MCP. The product is intended for AI agent developers, fintech app builders, and protocol teams integrating Bitcoin capabilities into agentic workflows.
- Bitcoin Staking (Babylon Finality Providers) Native BTC staking service operated by Lombard's 4 Finality Providers (Galaxy, Kiln, P2P, and Figment) on the Babylon protocol. The service enables users to stake BTC to secure Proof-of-Stake networks (Bitcoin Secured Networks) and earn rewards, which flow through to LBTC holders via exchange rate appreciation. The product is intended for Bitcoin holders seeking native staking yield and the underlying infrastructure that powers LBTC's yield.
- BARD Token Governance and utility token with a fixed supply of 1 billion. Used for governance voting, staking, and participation in the Liquid Bitcoin Foundation. Distributed through seasonal airdrops to Lux rewards holders, with Season 1 allocating 4% and Season 2 allocating 1.5% of total supply. Token holders can vote on protocol parameters, upgrades, and Security Consortium composition. The product is intended for active LBTC and BTC.b users participating in Lombard governance.
Quantifiable outcome
- $1 billion TVL reached in 92 days (fastest yield-bearing token)
- +7 more outcomes
Companies that use Lombard
Customer profileNamed customers10 records
Segments7 records
Ideal customer profiles4 records
Lombard technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
AI capability9 records
Feature10 records
Lombard partnerships and signals
Strategic signalPartnerships
37 partnerships are on record, tiered major consortium member and exchange partner, mid-tier ecosystem partner, flagship institutional partner, major acquisition partner, major vertical-specific partner, flagship foundational partner, flagship infrastructure partner, flagship lending partner, major defi integration partner, flagship exchange distribution partner, major exchange distribution partner, flagship infrastructure consortium, mid-tier defi integration, major institutional partner, flagship hardware wallet partner, mid-tier wallet partner, major market maker and consortium member, mid-tier infrastructure partner, major oracle partner, core security partner, mid-tier security partner, mid-tier legal partner and mid-tier marketing/distribution partner.
- Krakenmajor consortium member and exchange partnerKraken is both a Security Consortium member and a major exchange that confirmed on May 14, 2026 that it would switch to Chainlink CCIP for cross-chain transfers alongside Solv Protocol and Lombard.
- Solv Protocolmid-tier ecosystem partnerSolv Protocol confirmed migration to Chainlink CCIP alongside Lombard and Kraken in May 2026 for cross-chain security enhancements following the LayerZero/Kelp DAO exploit.
- Bitwise Asset Managementflagship institutional partnerPartnership announced at the Digital Asset Summit in New York (March 24, 2026) to enable institutions to earn yield and borrow against Bitcoin without transferring assets out of custody. Targets unlocking hundreds of billions in institutional Bitcoin holdings. Leverages Lombard's Bitcoin Smart Accounts framework. Targeted for rollout in Q2 2026 (mid-2026).
- MegaETHmid-tier ecosystem partnerLombard is integrated into MegaETH's mainnet ecosystem alongside GMX, Aave, Chainlink, and Lido. MegaETH launched its mainnet on February 9, 2026, targeting 100,000 transactions per second with millisecond block times.
- Ava Labsmajor acquisition partnerFirst-of-its-kind deal in which Lombard acquired BTC.b (and the canonical BTC asset across new chains and protocols) from Ava Labs. BTC.b is now integrated into Lombard's infrastructure, secured by the same 14-member Security Consortium as LBTC. Deal valued at $400M+.
- Storymajor vertical-specific partnerStrategic partnership to develop Bitcoin-backed financial products for the creator economy, focused on intellectual property monetization and security. Introduces Bitcoin revenue distribution and crypto-economic guarantees for IP assets, with significant implications for the Korean market.
- Babylon Protocolflagship foundational partnerBabylon Protocol is the foundational staking protocol that Lombard is built upon. Babylon uses native BTC to secure proof-of-stake (PoS) networks (Bitcoin Secured Networks, or BSNs). LBTC holders receive yield from BSNs paying for Bitcoin economic security. This is the core infrastructure enabling Lombard's yield-bearing LBTC product.
- Chainlinkflagship infrastructure partnerChainlink provides oracle infrastructure for Lombard including Proof of Reserve feeds and secondary verification of every bridge transaction. In May 2026, Lombard migrated over $1B in BTC assets from LayerZero to Chainlink CCIP after the Kelp DAO exploit, alongside Kraken and Solv Protocol.
- Morphoflagship lending partnerInitial liquidity partner for Lombard's Bitcoin Smart Accounts. Morpho enables institutions to use custodied BTC as collateral to borrow stablecoins at 4-5% rates, versus 8-12% via OTC lenders.
- Aavemajor defi integration partnerAave is integrated with LBTC as a major DeFi lending venue. Aave V4 launched March 30, 2026 on Ethereum mainnet with hub-and-spoke architecture, supporting LBTC as collateral.
- Binanceflagship exchange distribution partnerMigrated exchange users with seamless BTC staking at wallet launch via Lombard SDK. Binance listed and integrated LBTC and BTC.b into its exchange product suite.
- Bybitmajor exchange distribution partnerBuilt sticky BTC deposits with integrated staking and vaults via Lombard SDK. Bybit integrated LBTC for users.
- OKXmajor consortium member and exchange partnerOKX is both a Security Consortium member (providing cryptographic validation) and an exchange distribution partner for LBTC and BTC.b.
- Security Consortium (Galaxy, Kraken, DCG, Wintermute, Amber Group, Antpool, F2Pool, Chorus One, Figment, Kiln, P2P.org, Bitwise Onchain Solutions, Cubist, Nansen)flagship infrastructure consortium14-15 member Security Consortium collectively validates every mint, redemption, and cross-chain transfer for Lombard. Requires 10-of-15 supermajority consensus. Each member operates independently within FIPS-140 certified HSMs (CubeSigner). Even 9 compromised members cannot authorize a transaction.
- EtherFimid-tier defi integrationEtherFi is integrated as a partner in Lombard's ecosystem, visible on the homepage partner logo section as a DeFi protocol integration.
- Franklin Templetonmajor institutional partnerFranklin Templeton is featured as a partner on Lombard's homepage. As an institutional asset manager, Franklin represents traditional finance integration with the Lombard Bitcoin capital markets infrastructure.
- Ledgerflagship hardware wallet partnerUnlocked institutional-grade Bitcoin yield for 22% of global BTC through Lombard SDK integration in Ledger hardware wallets.
- Xversemid-tier wallet partnerDelivered BTC yield without compromising self-custody via Lombard SDK integration. Xverse is a Bitcoin-focused wallet integrated with Lombard infrastructure.
- Cool Walletmid-tier wallet partnerCaptured BTC users with secure, in-wallet yield via Lombard SDK integration. Cool Wallet is a hardware wallet provider integrated with Lombard.
- Wintermutemajor market maker and consortium memberWintermute serves as both a Security Consortium member providing cryptographic validation and a market maker in Lombard's DeFi ecosystem.
- Vedamid-tier infrastructure partnerVeda is a vault infrastructure partner using Lombard to expand secure, scalable vault infrastructure into new ecosystems. Quote from Stephanie Vaughan, Co-founder and COO of Veda: 'Lombard has quickly established itself as a blue-chip team.'
- Redstonemajor oracle partnerRedstone provides Proof of Reserve oracle feeds for Lombard's LBTC and BTC.b assets, with verified reserves ratio updated in real-time.
- Immuneficore security partnerImmunefi hosts Lombard's $250,000 bug bounty program as the official disclosure channel for security vulnerability reports.
- Cubistflagship infrastructure partnerCubist is both a Security Consortium member and the provider of CubeSigner (key management in FIPS-140 HSMs) and Bascule Drawbridge (independent verification layer). Cubist is core to Lombard's security architecture.
- OpenZeppelincore security partnerOpenZeppelin has audited Lombard's smart contracts and architecture as part of the 10+ independent audit program.
- Sherlockcore security partnerSherlock has audited Lombard's smart contracts as part of the multi-firm security audit program.
- Veridisecore security partnerVeridise has audited Lombard's smart contracts as part of the comprehensive audit program.
- Halborncore security partnerHalborn has audited Lombard's smart contracts as part of the multi-firm security audit program.
- Cantinamid-tier security partnerCantina is listed as a Lombard security audit partner.
- Spearbitmid-tier security partnerSpearbit is listed as a Lombard security audit partner.
- Zeppelin Group Limitedmid-tier security partnerSecurity partner listed in the MiCA Whitepaper as involved in the implementation of the Crypto-Asset Project.
- TRM Labsmid-tier security partnerSecurity and compliance infrastructure partner listed in the MiCA Whitepaper as involved in the implementation of the Crypto-Asset Project.
- Hexagatemid-tier security partnerSecurity partner listed in the MiCA Whitepaper as involved in the implementation of the Crypto-Asset Project. Hexagate provides real-time anomaly detection for protocol monitoring.
- Distributed Data Labsmid-tier infrastructure partnerInfrastructure partner listed in the MiCA Whitepaper as involved in the implementation of the Crypto-Asset Project.
- Informal Systemsmid-tier infrastructure partnerInfrastructure partner listed in the MiCA Whitepaper as involved in the implementation of the Crypto-Asset Project.
- MME Legal Ltd.mid-tier legal partnerLegal partner listed in the MiCA Whitepaper as involved in the implementation of the Crypto-Asset Project.
- Kaitomid-tier marketing/distribution partnerKaito distributes BARD airdrop rewards to Kaito Yappers directly at kaito.ai/airdrops, not through the Lombard claim portal. Distribution partner for Lombard's airdrop program.
Scale indicators17 records
Recent moves6 records
Expansion highlights7 records
Lombard competitors and assessment
Company assessmentDirect peers
- Lido Finance: Largest liquid staking protocol (stETH). Closely comparable to Lombard as a liquid staking primitive generating yield on a base asset, with similar cross-chain DeFi distribution mechanics and LST-as-collateral use cases across Aave and other money markets.
- Rocket Pool: Decentralized Ethereum liquid staking protocol (rETH). Directly comparable to Lombard's LBTC in that it issues a yield-bearing liquid staking token backed 1:1 by a base asset and designed to be used across DeFi, although the base asset here is ETH rather than BTC.
- BitGo (WBBTC/WBTC): WBTC is the dominant wrapped Bitcoin product, custodied by BitGo. The most direct competitor to BTC.b and LBTC, with similar 1:1 BTC backing and DeFi distribution; differentiated by single-custodian architecture versus Lombard's distributed Security Consortium.
- Babylon Protocol: Foundational Bitcoin staking protocol that Lombard is built upon. Closely comparable as the source of LBTC's yield via Bitcoin Secured Networks; effectively a partner but also a peer in the Bitcoin staking and restaking category.
- EigenLayer: Ethereum restaking protocol enabling ETH and LSTs to secure additional services. Conceptually adjacent to Lombard/Babylon's BTC-secured networks model; both sit in the 'restaking' or 'rehypothecation of base asset economic security' category.
- Marinade Finance: Liquid staking protocol on Solana (mSOL). Directly comparable to Lombard as a liquid staking primitive with native yield, validator delegation, and DeFi marketplace integrations, although operating on Solana rather than as a Bitcoin-focused protocol.
Broad incumbents
- Coinbase (cbBTC): Coinbase-issued wrapped Bitcoin (cbBTC) is a newer single-custodian competitor to BTC.b. Comparable as a cross-chain Bitcoin asset with deep DeFi integration, but with the regulatory and balance-sheet advantages of Coinbase as a public, US-regulated exchange.
Emerging players
- Solv Protocol: Bitcoin yield and liquid staking protocol with similar cross-chain BTC product offerings. Comparable as an emerging player in the Bitcoin DeFi space that also migrated to Chainlink CCIP following the Kelp DAO exploit; partial overlap with Lombard's LBTC and BTC.b distribution.
- Ankr: Multi-chain liquid staking and node infrastructure provider offering yield-bearing staked assets across chains. Comparable to Lombard in the liquid staking plus DeFi distribution category, with an SDK/API-first developer approach similar to Lombard's Bitcoin Connect SDK.
Others
- Chainlink: Critical infrastructure partner providing Proof of Reserve oracles and Chainlink CCIP for cross-chain messaging. Not a direct competitor but a foundational ecosystem dependency for Lombard's security and cross-chain architecture.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Lombard social profiles
Digital presenceLombard compliance and trust
Trust signalCompliance7 records
Lombard financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lombard leadership team
Management profileNumber of profiles
Profiles7 records
Lombard subsidiaries and ownership
Company hierarchySubsidiaries1 record
Lombard funding detail
Funding detailFunding overview
Funding rounds1 record
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lombard M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lombard
What does Lombard do?
Lombard Finance operates a multi-chain Bitcoin capital markets protocol that issues LBTC, a yield-bearing liquid staked Bitcoin token built on the Babylon protocol, and BTC.b, a 1:1 cross-chain Bitcoin asset. The platform enables retail and institutional users to stake native BTC, mint cross-chain Bitcoin, deploy capital into automated yield vaults, and access DeFi markets across 15+ blockchains, all secured by a 14-15 member Security Consortium with multi-party signing and on-chain Proof of Reserve.
Is Lombard a public or private company?
Lombard is a private company. It is classified as venture growth investor backed and is currently operating.
When was Lombard founded?
Lombard was founded in 2024. It employs 11 to 50 people.
Where is Lombard based?
Lombard is headquartered in Sydney, Australia, in the Oceania region.
How does Lombard make money?
Five revenue lines are on record. Redemption Fees are the primary driver. The others are finality Provider Commission, partner Revenue Sharing, institutional Product Fees and minting and Bridging Fees.
Who are Lombard's main competitors?
Direct peers on record are Lido Finance, Rocket Pool, BitGo (WBBTC/WBTC), Babylon Protocol, EigenLayer and Marinade Finance. Coinbase (cbBTC) is listed as a broad incumbent. Emerging players are Solv Protocol and Ankr. Chainlink is listed as an others.
Does Lombard have an API?
Yes. Lombard exposes a partner-facing REST API for integrations and SDK/server endpoints. The Lombard SDK is a TypeScript SDK with packages @lombard.finance/sdk-agent (framework-agnostic, with Vercel AI SDK and LangChain adapters) and @lombard.finance/sdk-agentkit (Coinbase AgentKit ActionProvider). Production endpoints include https://mainnet.prod.lombard.finance/api/v1 (deposit/unstake status) and https://ledger-mainnet.lombard-fi.com:1317 (Cosmos/Tendermint RPC for Proof of Reserve). Partner APIs include POST /api/v2/bsa/locks/initiate for Bitcoin Smart Accounts (requires API_KEY). Authentication is via X-Auth-Api-Key-Token header for BSA. MCP (Model Context Protocol) is supported via the @lombard.finance/sdk-agent package, enabling integration with Claude Desktop. Testnet environment is also available (Base Sepolia, Ethereum Sepolia). Developer documentation is at docs.lombard.finance/build/the-lombard-sdk.
What industry is Lombard in?
Lombard's product category is Bitcoin DeFi Protocol. Its primary akta.pro industry code is FSADADAE, Mint/Redeem, Issuance APIs & Treasury Operations Platforms, with a secondary code of FSAGAMAD, On-Chain Payments & Stablecoin Infrastructure (Issuance, Rails, Treasury). Its NAICS code is 523 and its SIC code is 6211.