Crypto
Lombard launches platform linking institutional custodied bitcoin to DeFi
Lombard has launched a platform designed to connect bitcoin held in custody by institutional investors to decentralised finance, Cointelegraph reported on Feb. 11. The company said bitcoin can be used as on-chain collateral via bitcoin smart accounts without moving assets or transferring control to a third party. The bitcoin is converted into a token called BTC.b for on-chain recognition, allowing access to lending and liquidity platforms. The firm is running a pilot with some institutional clients.
