News Explorer — Bitcoin Restaking Startup Lombard Raises $16 Million

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Jul 2, 2:00 pm

Coindesk

Bitcoin Restaking Startup Lombard Raises $16 Million

Lombard, a startup, has raised $16 million in funding to build out Bitcoin-based restaking in partnership with Bitcoin staking protocol Babylon. Lombard aims to integrate Bitcoin into the world of decentralized finance (DeFi) and elevate it from a store of value to a productive asset. The funding round was led by Polychain Capital and included other investors such as Franklin Templeton and Nomad Capital.

Lombard, a startup, has raised $16 million in funding to build out Bitcoin-based restaking in partnership with Bitcoin staking protocol Babylon. Lombard aims to integrate Bitcoin into the world of decentralized finance (DeFi) and elevate it from a store of value to a productive asset. The funding round was led by Polychain Capital and included other investors such as Franklin Templeton and Nomad Capital.

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