🎉 Lombard has just secured $16.00M in its latest funding round! 🎉
🔹 About: Lombard is dedicated to unlocking Bitcoin’s potential as a dynamic financial tool by connecting it to DeFi. The project aims to build the universal standard for Bitcoin, secured by Bitcoin-aligned ecosystem players. Lombard enables yield-bearing BTC to move cross-chain without fragmenting liquidity, paving the way to become the single largest catalyst for onboarding net new capital into DeFi. Their flagship product, LBTC, is a yield-bearing, cross-chain, liquid Bitcoin backed 1:1 by BTC. For the first time, Bitcoin can be held as a store of value while simultaneously being used to earn, stake, trade, and engage with DeFi at scale. LBTC, a liquid staking token, represents BTC staked on Babylon through Lombard, allowing users to retain liquidity while earning yields on their BTC holdings. The project embraces its name, symbolizing a place where all participants are connected to opportunity, much like the historic Lombard Street in London—a hub of financial activity since the Middle Ages. Founded in April 2024, Lombard is a diverse team of DeFi natives working with brilliant tech and infrastructure partners on a shared, ecosystem-driven mission
🔹 Lead Investors: OKX Ventures, Polychain Capital, HTX Ventures, Robot Ventures, Mantle and many more.
🔹 Total Raised: $16.00M.
🔹 Project Category: Bitcoin DeFi, Bitcoin Restaking.
🌟 If You find this post useful Repost it, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#BinanceTurns7 #bitcoin #Web3 #DEFI #BTC☀ $BTC