Lombard launches yield-bearing Bitcoin asset LBTC on the Solana network

Aug 28, 2025 22:36:06

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ChainCatcher news, Bitcoin DeFi protocol Lombard has launched yield-bearing Bitcoin asset LBTC on the Solana network. LBTC is an SPL token issued by Lombard, fully backed by Bitcoin, and secured by a decentralized network of validators, while providing real-time proof of reserves. LBTC has been launched on Ethereum, Base, and Sui networks, with a circulation of 1.5 billion dollars.

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