The product will let institutions use custodied Bitcoin as onchain collateral without moving assets or transferring control, with Morpho set as the initial liquidity partner. Lombard said it plans to launch Bitcoin Smart Accounts, designed to allow Bitcoin held in institutional custody to be used as onchain collateral without moving the asset or transferring control to a third party. According to an announcement shared with Cointelegraph, following a launch this quarter, custodied Bitcoin will be recognized onchain through a receipt token, BTC.b, enabling institutions to access lending and liquidity venues while retaining legal ownership and existing custody arrangements. Lombard said the framework targets asset managers, corporate treasuries and other institutional holders whose Bitcoin (BTC) remains idle in qualified custody. Pilots are underway with select institutional clients, though Lombard has not disclosed customer names or transaction volumes. Read more
Lombard CEO Jacob Phillips announced at the Digital Asset Summit that the platform enables institutions to earn yield and borrow against Bitcoin without moving assets out of custody. Lombard, a company building Bitcoin-based lending infrastructure, will team with Bitwise Asset Management to enable institutions to earn yield and borrow against Bitcoin (BTC) without moving assets out of custody, aiming to unlock hundreds of billions of dollars in Bitcoin held in institutional custody. The partnership was announced Tuesday at the Digital Asset Summit in New York. Jacob Phillips, CEO and co-founder of Lombard, told Cointelegraph: Read more