ChainCatcher news, Binance Labs announced an investment in the Bitcoin liquid staking platform Lombard. Jacob Phillips, co-founder and strategic director of Lombard, declined to disclose the valuation in the latest funding round but noted that the startup's total funding is currently around $17 million, up from $16 million in the seed round four months ago, indicating that Binance Labs' investment is approximately $1 million.According to RootData, Lombard was founded in April 2024 and is dedicated to unlocking the potential of Bitcoin as a dynamic financial tool by connecting Bitcoin with DeFi. Lombard enables yield-generating BTC to move across chains without fragmenting liquidity, paving the way to become the largest catalyst for bringing net new capital into DeFi. Its flagship product, LBTC, is a yield-bearing, cross-chain, highly liquid Bitcoin backed 1:1 by BTC.

ChainCatcher news, the Bitcoin re-staking protocol Lombard announced on X that it plans to launch the internal test version on the mainnet today. It is reported that this version will be released before tomorrow's Babylon Bitcoin mainnet staking.Previous news, OKX Ventures announced an investment in Lombard to promote innovation in the Bitcoin re-staking ecosystem.

ChainCatcher news, OKX Ventures announced an investment in Lombard, a Babylon-based solution that provides cross-chain liquid staking for Bitcoin.Lombard's flagship product is LBTC. Lombard collaborates with Babylon, whose staking protocol allows Bitcoin assets to be staked in a trustless and self-custodial manner, providing economic security for Proof of Stake (PoS) systems. Through Babylon, staked Bitcoin assets are converted into LBTC, enabling integration into the most commonly used DeFi protocols on the Ethereum mainnet and future popular Layer 2 chains. LBTC moves seamlessly across chains and is used as collateral in decentralized finance, aiming to unlock over $1.3 trillion in Bitcoin for lending and trading. This initiative not only brings new capital opportunities for Bitcoin holders but also drives growth across various ecosystems and DeFi protocols, thereby enhancing the utility and liquidity of Bitcoin.

ChainCatcher news, according to The Block, the Bitcoin re-staking protocol Lombard has completed a $16 million seed round financing, led by Polychain Capital.Lombard will use this funding to expand its Bitcoin re-staking ecosystem and develop alongside the Bitcoin staking protocol Babylon. Lombard releases liquidity by issuing a liquidity and yield-generating staked Bitcoin token, LBTC.Additionally, the Web3 asset data platform RootData shows that Lombard was established in April 2024, dedicated to unlocking the potential of Bitcoin as a dynamic financial tool by connecting Bitcoin with DeFi. Lombard enables yield-generating BTC to move across chains without fragmenting liquidity, paving the way to become the largest catalyst for bringing net new capital into DeFi. Its flagship product, LBTC, is a yield-bearing, cross-chain, highly liquid Bitcoin backed 1:1 by BTC.