Lombard and Chainlink Partner to Set the Industry Standard for Bitcoin in DeFi

Lombard and Chainlink are excited to announce their partnership to provide a foundation for a secure, scalable, and decentralized Bitcoin-based economy. Lombard will leverage the industry-standard Chainlink platform, including Cross-Chain Interoperability Protocol (CCIP), Proof of Reserve (PoR), and Price Feeds to help support secure markets around LBTC while enhancing its collateralization transparency and enabling it to be securely transferred across blockchains. The partnership will unlock new opportunities for users, layer-2 networks, and blue-chip DeFi protocols to build around LBTC as a new core primitive in DeFi. Lombard LBTC will also be a launch partner for an upcoming CCIP feature designed to enhance security.

Innovative BTCFi Infrastructure and Security

Since launching in August, Lombard has become the largest Bitcoin liquid staking platform, rapidly capturing 40% of the market with a TVL of over $700 million LBTC in circulation. LBTC provides holders with a native staking yield via Babylon while maintaining liquidity, enabling them to move freely through DeFi.

This influx of net-new capital into the digital economy demands reliable infrastructure and responsible security approaches, which this partnership is designed to provide.

Lombard is integrating Chainlink’s time-tested decentralized infrastructure, starting with CCIP, to facilitate secure cross-chain token transfers of LBTC across Arbitrum, Base, BNB Chain, and Solana. Additionally, Chainlink Proof of Reserve will deliver real-time, decentralized verification of LBTC’s collateralization, ensuring transparency for users. With Chainlink Price Feeds, LBTC will gain access to highly accurate, tamper-proof market data, creating a strong foundation for LBTC’s adoption to scale.

Chainlink infrastructure has already secured tens of billions of dollars for smart contracts and enabled over $16 trillion in onchain transaction value, proving its capability to securely power decentralized ecosystems at scale.

The Chainlink platform provides the foundation for a secure, scalable, and decentralized Bitcoin-based economy.

A New Standard for Security and Transparency

“Our partnership with Lombard signifies a shared vision for the future of BTCFi,” said Johann Eid, Chief Business Officer at Chainlink Labs. “Integrating Chainlink CCIP, Proof of Reserve, and Price Feeds will help enable Lombard to create a robust, scalable platform that helps ensure the security of LBTC. This partnership will serve as the foundation for BTCFi’s future, setting a new standard for decentralized finance.”

Jacob Phillips, Co-founder of Lombard, echoed this sentiment: “Chainlink’s decision to partner with Lombard speaks to our shared commitment to building institutional-grade infrastructure for Bitcoin’s integration into decentralized finance. We’re leading the way in BTCFi, setting an industry-standard for how Bitcoin is collateralized, staked, and integrated into DeFi. With Chainlink CCIP, Proof of Reserve, and Price Feeds, we will securely scale BTCFi and rebuild decentralized finance atop Bitcoin, unlocking a host of new financial products.”

About Lombard

Lombard is the largest provider of Bitcoin Liquid Staking Tokens (LSTs) by market share, with a mission to unlock the full potential of Bitcoin within decentralized finance. Through its flagship LBTC token, Lombard connects Bitcoin to DeFi, allowing users to stake, lend, and borrow BTC in a secure, decentralized manner. Lombard’s innovative platform is built on institutional-grade infrastructure and backed by its participation in the Babylon network, which has transformed Bitcoin staking into a productive, yield-generating asset.

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $16 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.