Lombard
ClaimLombard is a Bitcoin infrastructure company that provides products enabling Bitcoin holders, institutions, and DeFi protocols to generate yield and use Bitcoin as productive onchain capital.
Key numbers · TVL $183M · per DefiLlama · updated Sep 23
Overview
Lombard offers a suite of Bitcoin-focused products including LBTC, a yield-bearing Bitcoin token targeting 2.5% APY managed by Bitwise; BTC.b for moving Bitcoin across multiple chains; Bitcoin Smart Accounts for institutional custody with onchain access; and a TypeScript SDK used by platforms such as Ledger, Binance, and Bybit. The products serve individual holders, institutional allocators such as funds and family offices, and integration partners such as exchanges and protocols.
Recent activity
Ledger devices with 8 million+ signers secure roughly 30% of world's retail-held Bitcoin.
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Lombard App is available on Ethereum only for now.
LBTC is integrated across 10 chains and 50+ DeFi protocols.
Lombard App is now live via Ledger Wallet.
LBTC is available on 11+ chains and usable as collateral on Aave, Morpho, Spark and 50+ other DeFi protocols.
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LBTC yield strategy is managed by Bitwise Investment Manager.
Deployment runs in tranches with a $10 million pilot the week of Aug 17 and full active allocation in September
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LBTC reached $1 billion in TVL within 92 days of launch
LBTC yield source moves to institutional covered-call strategy managed by Bitwise starting week of Aug 17, targeting 2.5% net APY
LBTC is approved by major lending markets including Aave, Morpho, Spark, and Maple
Uses Cap Protocol as the institutional stablecoin credit infrastructure sourcing financing for Flow Traders.
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Partners with Flow Traders, which accesses stablecoin liquidity through the new credit structure.
Launches Bitcoin Onchain Credit Strategy within Bitcoin Earn, generating yield from institutional stablecoin borrowing.
Uses Chainlink's CCIP to enable cross-chain BTC.b deposits from Avalanche into the Ethereum vault.
Deprecating LayerZero fully on Morph and Swell networks.
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Migrating exclusively to Chainlink CCIP to secure $1B+ in Bitcoin assets (LBTC, BTC.b).
CCIP replaces LayerZero across Solana, Etherlink, Berachain, Corn, and TAC.
Earlier
Lombard is live on Aave V4, described as the world's largest lending protocol.
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BTC.b is accepted as collateral on lending protocols Aave and Morpho.
Lombard is exclusively migrating to Chainlink CCIP to secure $1B+ in Bitcoin assets.
Has consistently had $200–300 million in LBTC deployed on Aave as collateral
Partnered with Bitwise Asset Management as strategic yield partner for Bitcoin Smart Accounts
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Morpho will provide liquidity venue for clients to borrow stablecoins against Bitcoin
Plans systematic expansion of custodian partnerships and whitelisted yield integrations throughout 2026
Lombard's Vaults have attracted over $1 billion in cumulative deposits since September 2024.
Plans to expand network of custodians and whitelisted protocols throughout 2026.
Lombard's mint and burn transactions are validated by a 12-member Security Consortium.
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The Lombard App went live via Ledger Wallet on Oct 6, 2026.
Lombard now supports 50+ protocol integrations across 10+ chains.
LBTC is live across 10+ chains with $3B+ Bitcoin backed.
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BTC.b bridged Bitcoin is live across 6 chains and whitelabelable for protocols and custodians.
Lombard's security consortium has secured LBTC's BTC for over 2 years.
Bitcoin Earn's infrastructure is built on Veda, the same tech powering Kraken's DeFi Earn.
BTC.b is backed 1:1 by BTC and designed to move Bitcoin across supported chains.
SDK now supports 10+ chains and 50+ protocols including Aave, Morpho, Pendle, Curve, Uniswap.
Ledger integration delivers BTC yield access for 6M+ hardware wallet users via Lombard SDK
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MegaETH uses Lombard SDK and BTC.b as native Bitcoin asset for its ecosystem
Binance integrated Lombard SDK for onchain Bitcoin yield products
LBTC is composable across 50+ DeFi protocols on 10+ chains.
Wants custodians and wallets to integrate Bitcoin Smart Accounts for their clients.
LBTC yield moves to institutional covered-call strategy managed by Bitwise, targeting 2.5% net APY
