According to Techub News, The Block reported that the Bitcoin re-staking protocol Lombard has completed a $16 million seed round of financing, led by Polychain Capital, with participation from Franklin Templeton, Foresight Ventures, Mirana Ventures, BabylonChain, Inc., dao5, Mantle EcoFund, Nomad Capital, etc. This round of financing will be used to expand its Bitcoin re-staking ecosystem and develop together with the Bitcoin staking protocol Babylon.