Lombard Raises Funding from HTX Ventures to Drive the Liquid Restaking Revolution for the Bitcoin Ecosystem

"Liquid restaking is the next revolution for the Bitcoin Ecosystem, and Lombard is the project driving this transformation"

HTX Ventures, the global investment division of HTX, today announced an investment in Lombard, a project dedicated to connecting Bitcoin to decentralized finance (DeFi). This investment will support the integration of Lombard's flagship product, the LBTC token, into major DeFi ecosystems and protocols.

"Liquid restaking is the next revolution for the Bitcoin Ecosystem, and Lombard is the project driving this transformation," said Edward, Managing Partner at HTX Ventures. "Lombard is rapidly expanding to onboard the LBTC token onto major ecosystems and DeFi protocols. This will enable Bitcoin to be lent, borrowed, and traded, unlocking tremendous utility for Bitcoin holders and revitalizing the BTC ecosystem. HTX Ventures is incredibly excited to partner with Lombard to empower Bitcoin holders and the broader BTC ecosystem."

"We are delighted to have HTX Ventures for investing in the development of LBTC as a new core primitive. LBTC will unlock a massive amount of net-new capital into the ecosystem and bring new liquidity and users to DeFi protocols and exchange platforms. HTX Ventures shares Lombard's mission to accelerate on-chain finance and we look forward to building on these synergies to accelerate the growth of LBTC," said Jacob Phillips, Co-founder, Lombard.

LBTC will soon be accessible to all and supported by all chains and DeFi protocols. Join the LBTC Waitlist for exclusive access to LBTC and rewards for early participation.

About Lombard

Named after the historic Lombard Street in London—a hub of financial activity since the Middle Ages—Lombard symbolizes a place where all participants are connected to opportunity. By adopting the Lombard name, we rebuild its legacy on digital blocks, transforming it into a modern nexus of innovation and connectivity.

Founded in April 2024, Lombard is dedicated to unlocking Bitcoin's potential as a dynamic financial tool by connecting it to DeFi. We are a diverse team of DeFi natives, working with technology and infrastructure partners towards a shared, ecosystem-driven mission to collectively onboard Bitcoin to DeFi.

About HTX Ventures

HTX Ventures, the global investment division of HTX, is tasked with integrating investment, incubation, and research to uncover the best and brightest teams worldwide. Backed by a decade of experience as an industry pioneer, HTX Ventures boasts a keen eye for cutting-edge technologies and emerging business models within the sector. In our efforts to foster growth within the blockchain ecosystem, we provide comprehensive support to projects, ranging from financing to resources and strategic advice.

HTX Ventures currently supports over 300 projects across multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Moreover, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Dragonfly, Bankless Ventures, Gitcoin, Figment, and Animoca. Visit us here.

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