Bitcoin-staking startup Lombard Finance has deployed its yield-bearing LBTC token on the Solana blockchain, widening access to a product that lets holders earn about 1% annual yield while maintaining full Bitcoin backing. LBTC is issued through a decentralized validator consortium that provides real-time proof-of-reserves. The token has amassed more than $1.5 billion in circulation across multiple networks, after reaching $1 billion in total value locked within 92 days of its initial release earlier this year. The move brings native Bitcoin liquidity to Solana’s decentralised-finance applications and follows Lombard’s earlier integrations with Ethereum, Base, Sui and BNB Chain. The company says deep liquidity incentives are in place on Solana from launch.
NEW: 🇨🇭 Swiss bank Sygnum arranged a $50M syndicated loan for Ledn, secured by BTC, with part of the structure tokenized on Sygnum’s end-to-end issuance platform. https://t.co/jv0Bu2Iitg
ICYMI: @Lombard_Finance just dropped $LBTC on @Solana — a decentralized, yield-bearing Bitcoin derivative 👨🏻💻 Holders get 1% APY while $BTC stays fully backed + transparent across its validator consortium https://t.co/NNJUXRyhM9
Kalshi 🤝 @Solana https://t.co/ZhliSOFEm3