Startup Lombard has raised $16 million to create a Bitcoin-based re-staking system in partnership with the Babylon protocol. Lombard plans to transform BTC from a store of value into a productive asset that will be involved in the Web3 economy and drive sustainable growth. Lombard is offering “liquid Bitcoin” tokens (LBTC)—sort of tradable receipts for Babylon deposits—that will allow users to maintain the liquidity of the BTC they stake to secure other networks.