According to Foresight News, Bitcoin re-staking protocol Lombard has completed a $16 million seed round of financing, led by Polychain Capital. Franklin Templeton, Foresight Ventures, Mirana Ventures, BabylonChain, Inc., dao5, Mantle EcoFund and Nomad Capital participated in the investment. Lombard releases liquidity by issuing liquid and profitable staked Bitcoin tokens LBTC. The funds will be used to expand its Bitcoin re-staking ecosystem and develop together with Bitcoin staking protocol Babylon.
