Lombard
BARDConnecting Bitcoin to DeFi with LBTC
News Heat Trend
Project Overview
Founded in April 2024, Lombard is dedicated to unlocking Bitcoin's potential as a dynamic financial tool by connecting it to DeFi. Lombard enables the yield-bearing BTC to move cross-chain without fragmenting liquidity, paving the way to become the single largest catalyst for onboarding net new capital into DeFi. Its flagship product, LBTC—a yield-bearing, cross-chain, liquid Bitcoin backed 1:1 by BTC.
Flow Traders Pilots Lombard Bitcoin Credit Lending Solution to Support Stablecoin Financing with BTC
: Bitcoin financial product platform Lombard Finance has announced the launch of the Bitcoin Onchain Credit Strategy, with global trading firm Flow Traders as the first pilot partner. Under this solution, Flow Traders can borrow stablecoins for market making without providing on-chain collateral. Its collateral security is provided by Bitcoin deposited in the Lombard Bitcoin Earn yield product, and underwriting is completed through the Cap private credit platform. (The Block)
Morpho completes $175 million funding round, led by a16z Crypto and Paradigm
DeFi lending protocol Morpho has announced the completion of a $175 million funding round, led by a16z Crypto, Paradigm, and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, VanEck, and other institutions.The report states that this funding round was priced based on the average price of Morpho tokens over the past month, corresponding to a valuation of approximately $2 billion for the protocol. Morpho allows institutions to customize lending markets and risk parameters on-chain and has already attracted adoption by institutions such as Coinbase, Kraken, Anchorage Digital, and Galaxy Digital.Data shows that Morpho's current Total Value Locked (TVL) is approximately $6.6 billion. The company stated that it will continue to expand its institutional-grade DeFi lending business and strengthen competition with lending protocols like Aave. (Fortune)
Newton Foundation: Binance attacker mistakenly transferred tokens worth approximately $3.5 million into the NEWT contract, now permanently locked.
According to a post by the Newton Foundation (@NewtonFndn), the attacker involved in the recent Binance breach appears to have made an operational error, directly transferring approximately 8 million NEWT tokens, along with 17 other tokens (ANIME, ANKR, ARPA, BARD, CELR, DENT, DOLO, FTT, GLM, HIGH, HOT, KNC, LQTY, RARE, RESOLV, SIGN, WOO) to the NEWT token contract address (0xd0ec028a3d21533fdd200838f39c85b03679285d). Valued at current prices, the total amounts to approximately $3.5 million. The foundation stated that the NEWT token contract itself was not compromised. Featuring an immutable design with no owner or administrator, all management rights were relinquished on-chain in 2025, and upgrade functionality has been permanently disabled. As a result, no one, including the foundation, can retrieve these tokens.
Address allegedly linked to Lombard Finance transfers 750 BTC to Galaxy Digital
According to Onchain Lens monitoring, a wallet address associated with Lombard Finance transferred 750 Bitcoins to Galaxy Digital, valued at approximately $47.8 million; this transaction may be related to OTC trading.
Newton Foundation: Binance attacker mistakenly transferred tokens worth approximately $3.5 million into the NEWT contract, now permanently locked.
According to a post by the Newton Foundation (@NewtonFndn), the attacker involved in the recent Binance breach appears to have made an operational error, directly transferring approximately 8 million NEWT tokens, along with 17 other tokens (ANIME, ANKR, ARPA, BARD, CELR, DENT, DOLO, FTT, GLM, HIGH, HOT, KNC, LQTY, RARE, RESOLV, SIGN, WOO) to the NEWT token contract address (0xd0ec028a3d21533fdd200838f39c85b03679285d). Valued at current prices, the total amounts to approximately $3.5 million. The foundation stated that the NEWT token contract itself was not compromised. Featuring an immutable design with no owner or administrator, all management rights were relinquished on-chain in 2025, and upgrade functionality has been permanently disabled. As a result, no one, including the foundation, can retrieve these tokens.
Lombard Gradually Phasing Out LayerZero, Plans to Migrate Over $1 Billion in BTC Collateral Assets to Chainlink
following the $292 million exploit of Kelp DAO's LayerZero bridge, the security of cross-chain infrastructure has once again come under scrutiny. DeFi protocols Kelp DAO, Solv Protocol, Re, and crypto exchange Kraken have all taken similar migration measures, with the total value of this outflow reaching approximately $4 billion.Decentralized finance protocol Lombard has become the latest project to join the migration wave, announcing a gradual phase-out of LayerZero and the migration of over $1 billion in Bitcoin collateral assets to Chainlink's Cross-Chain Interoperability Protocol (CCIP). Bitcoin-related tokens issued by Lombard include LBTC and BTC.b. It is reported that Lombard's initial migration assets cover the Solana, Etherlink, Berachain, Corn, and TAC chains, while the use of LayerZero on Morph and Swell will also be terminated. As of now, LayerZero has not responded to requests for comment. (CoinDesk)
Newton Foundation: Binance attacker mistakenly transferred tokens worth approximately $3.5 million into the NEWT contract, now permanently locked.
According to a post by the Newton Foundation (@NewtonFndn), the attacker involved in the recent Binance breach appears to have made an operational error, directly transferring approximately 8 million NEWT tokens, along with 17 other tokens (ANIME, ANKR, ARPA, BARD, CELR, DENT, DOLO, FTT, GLM, HIGH, HOT, KNC, LQTY, RARE, RESOLV, SIGN, WOO) to the NEWT token contract address (0xd0ec028a3d21533fdd200838f39c85b03679285d). Valued at current prices, the total amounts to approximately $3.5 million. The foundation stated that the NEWT token contract itself was not compromised. Featuring an immutable design with no owner or administrator, all management rights were relinquished on-chain in 2025, and upgrade functionality has been permanently disabled. As a result, no one, including the foundation, can retrieve these tokens.
Supporting one-click deposits across 80+ chains, Chainlink launches CCIP Vault Adapters
Odaily News: Chainlink has launched CCIP Vault Adapters, enabling DeFi vaults to directly accept user deposits from more than 80 blockchains without needing to redeploy the vault on each chain. The product is now live, with protocols including Aave, Lombard, United Stables, Veda, and Venus already beginning to adopt it. The relevant vaults cover areas such as stablecoins, lending, yield strategies, digital credit, and tokenized assets.
Delayed by Months, Monument Bank's £250M Retail Deposit Tokenization Project Affected by UK Regulatory Issues
Odaily News: Monument Bank has delayed its project to tokenize £250 million (approximately $330 million) in UK retail bank deposits by several months, as the bank was unable to find a local crypto custodian in the UK that meets Financial Conduct Authority (FCA) standards and can handle zero-knowledge privacy proofs. Monument Bank founder Mintoo Bhandari stated that the bank originally planned to tokenize customer deposits on the privacy-focused public blockchain Midnight, and expects it will take another two months, with a launch to retail customers in November. To meet regulatory requirements, the bank has expanded its search for custody partners overseas and has found an FCA-approved Canadian custodian.Midnight is a privacy-first Layer 1 blockchain project funded by Charles Hoskinson that uses zero-knowledge proofs to keep customer information within Monument's systems while allowing the bank to prove compliance on-chain and provide audit records to regulators. Monument Bank announced the project in March of this year, planning to offer tokenized private equity, structured products, and automated Lombard loans to "mass affluent" customers with investable assets between £50,000 and £5 million. Bhandari stated that customer deposits will continue to earn interest, be fully backed by Monument, redeemable 1:1 for pounds, and protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person or per company.
Flow Traders Pilots Lombard Bitcoin Credit Lending Solution to Support Stablecoin Financing with BTC
: Bitcoin financial product platform Lombard Finance has announced the launch of the Bitcoin Onchain Credit Strategy, with global trading firm Flow Traders as the first pilot partner. Under this solution, Flow Traders can borrow stablecoins for market making without providing on-chain collateral. Its collateral security is provided by Bitcoin deposited in the Lombard Bitcoin Earn yield product, and underwriting is completed through the Cap private credit platform. (The Block)
Related news
Newton Foundation: Binance attacker mistakenly transferred tokens worth approximately $3.5 million into the NEWT contract, now permanently locked.
According to a post by the Newton Foundation (@NewtonFndn), the attacker involved in the recent Binance breach appears to have made an operational error, directly transferring approximately 8 million NEWT tokens, along with 17 other tokens (ANIME, ANKR, ARPA, BARD, CELR, DENT, DOLO, FTT, GLM, HIGH, HOT, KNC, LQTY, RARE, RESOLV, SIGN, WOO) to the NEWT token contract address (0xd0ec028a3d21533fdd200838f39c85b03679285d). Valued at current prices, the total amounts to approximately $3.5 million. The foundation stated that the NEWT token contract itself was not compromised. Featuring an immutable design with no owner or administrator, all management rights were relinquished on-chain in 2025, and upgrade functionality has been permanently disabled. As a result, no one, including the foundation, can retrieve these tokens.
Supporting one-click deposits across 80+ chains, Chainlink launches CCIP Vault Adapters
Odaily News: Chainlink has launched CCIP Vault Adapters, enabling DeFi vaults to directly accept user deposits from more than 80 blockchains without needing to redeploy the vault on each chain. The product is now live, with protocols including Aave, Lombard, United Stables, Veda, and Venus already beginning to adopt it. The relevant vaults cover areas such as stablecoins, lending, yield strategies, digital credit, and tokenized assets.
Delayed by Months, Monument Bank's £250M Retail Deposit Tokenization Project Affected by UK Regulatory Issues
Odaily News: Monument Bank has delayed its project to tokenize £250 million (approximately $330 million) in UK retail bank deposits by several months, as the bank was unable to find a local crypto custodian in the UK that meets Financial Conduct Authority (FCA) standards and can handle zero-knowledge privacy proofs. Monument Bank founder Mintoo Bhandari stated that the bank originally planned to tokenize customer deposits on the privacy-focused public blockchain Midnight, and expects it will take another two months, with a launch to retail customers in November. To meet regulatory requirements, the bank has expanded its search for custody partners overseas and has found an FCA-approved Canadian custodian.Midnight is a privacy-first Layer 1 blockchain project funded by Charles Hoskinson that uses zero-knowledge proofs to keep customer information within Monument's systems while allowing the bank to prove compliance on-chain and provide audit records to regulators. Monument Bank announced the project in March of this year, planning to offer tokenized private equity, structured products, and automated Lombard loans to "mass affluent" customers with investable assets between £50,000 and £5 million. Bhandari stated that customer deposits will continue to earn interest, be fully backed by Monument, redeemable 1:1 for pounds, and protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person or per company.
Flow Traders Pilots Lombard Bitcoin Credit Lending Solution to Support Stablecoin Financing with BTC
: Bitcoin financial product platform Lombard Finance has announced the launch of the Bitcoin Onchain Credit Strategy, with global trading firm Flow Traders as the first pilot partner. Under this solution, Flow Traders can borrow stablecoins for market making without providing on-chain collateral. Its collateral security is provided by Bitcoin deposited in the Lombard Bitcoin Earn yield product, and underwriting is completed through the Cap private credit platform. (The Block)
Address allegedly linked to Lombard Finance transfers 750 BTC to Galaxy Digital
According to Onchain Lens monitoring, a wallet address associated with Lombard Finance transferred 750 Bitcoins to Galaxy Digital, valued at approximately $47.8 million; this transaction may be related to OTC trading.
A wallet suspected to be associated with Lombard Finance sent 750 BTC (worth approximately $47.8 million) to Galaxy Digital
Odaily reports, according to Onchain Lens monitoring, a wallet (bc1qg...cnx3n) suspected to be related to Lombard Finance sent 750 BTC, worth approximately $47.8 million, to Galaxy Digital, possibly in connection with an OTC transaction.