HTX Ventures announced investment in Lombard to develop the Bitcoin restaking ecosystem
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HTX Ventures announced investment in Lombard to develop the Bitcoin restaking ecosystem
HTX Ventures is HTX's global investment arm, integrating investment, incubation, and research to identify the world's most outstanding and promising teams.
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To enhance Bitcoin liquidity and its broader ecosystem, HTX Ventures, the investment arm of global cryptocurrency exchange HTX (formerly Huobi), has announced a strategic investment in Lombard, a restaking protocol dedicated to transforming Bitcoin from a static store of value into a productive financial asset to drive growth across the Web3 ecosystem.
Built on Babylon's Bitcoin staking protocol, Lombard enables individuals to secure other proof-of-stake (PoS) networks using their Bitcoin. The protocol enhances the liquidity of staked BTC by issuing LBTC—liquid, yield-bearing representations of Bitcoin. LBTC can seamlessly operate across chains and serve as collateral on decentralized finance (DeFi) platforms without compromising security. LBTC is set to be integrated into the most popular DeFi protocols on the Ethereum mainnet and plans to launch on widely adopted Layer 2 (L2) chains later this year.
“Liquid restaking is the next revolution for the Bitcoin ecosystem, and Lombard is a key project driving this transformation,” said a Managing Partner at HTX Ventures. “Lombard is rapidly expanding, bringing the LBTC token into major ecosystems and DeFi protocols. This will enable Bitcoin to be lent, borrowed, and traded, unlocking immense utility for Bitcoin holders and revitalizing the BTC ecosystem. HTX Ventures is thrilled to partner with Lombard to empower Bitcoin holders and the broader BTC ecosystem.”
“We are excited that HTX Ventures is investing in the development of LBTC, a new core primitive. LBTC will unlock significant new capital for the ecosystem and bring fresh liquidity and users to DeFi protocols and trading platforms. HTX Ventures shares Lombard’s mission of accelerating on-chain finance, and we look forward to leveraging these synergies to accelerate LBTC’s growth,” said Jacob Phillips, co-founder of Lombard.
LBTC will soon be available to all and supported across all chains and DeFi protocols. Join the LBTC waitlist for exclusive access and early participation rewards.
About Lombard
Named after London’s historic Lombard Street, a center of financial activity since the Middle Ages, Lombard reimagines this legacy on the digital blockchain, transforming it into a modern hub of innovation and connectivity. Founded in April 2024, Lombard is committed to unlocking Bitcoin’s potential as a dynamic financial instrument by connecting it to DeFi. We are a diverse team of DeFi natives collaborating with technology and infrastructure partners toward a shared, ecosystem-driven mission: collectively bringing Bitcoin into DeFi.
About HTX Ventures
HTX Ventures is the global investment arm of HTX (formerly Huobi), integrating investment, incubation, and research to identify the world’s most exceptional and promising teams. As an industry pioneer with over a decade of deep expertise in blockchain, HTX Ventures drives cutting-edge technologies and emerging business models, providing portfolio projects with comprehensive support—including funding, resources, and strategic advisory—to build sustainable blockchain ecosystems.
To date, HTX Ventures has backed more than 300 projects spanning multiple blockchain sectors, with several high-potential projects already listed on the HTX exchange. Additionally, HTX Ventures is one of the most active fund-of-funds (FoF) investors, partnering with leading global blockchain funds such as Dragonfly, Bankless Ventures, Gitcoin, Figment, and Animoca to jointly develop the blockchain ecosystem.
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