Lombard launches the first institutional-grade interest-bearing Bitcoin asset LBTC to Solana.

Lombard brings $1.5 billion worth of liquid staked Bitcoin into leading Decentralized Finance ecosystems; integrating multiple Solana protocols including Jupiter, Drift, Meteora, Kamino.

August 28, 2025 - The protocol behind the Bitcoin yield-bearing token LBTC, Lombard Finance, today announced the launch of LBTC on Solana in collaboration with partners. This integration brings the first large-scale yield-bearing Bitcoin asset to Solana, introducing a circulation of LBTC worth $1.5 billion and built-in yield of approximately 1% denominated in Bitcoin to one of the most vibrant ecosystems in the cryptocurrency space.

The product launch includes first-day integration with leading Solana protocols, covering Jupiter, Drift, Kamino, Meteora, and JupLend, with seamless cross-chain bridging support provided by LayerZero and reliable price oracle services from RedStone. Lombard collaborates with Meteora to offer near-zero fee (1 basis point) services for the exchange from cbBTC to LBTC.

This integration addresses a critical gap in the $10 billion DeFi ecosystem of Solana—previously, this ecosystem was limited to non-yielding BTC derivatives. The arrival of LBTC transforms Bitcoin from a passive asset into productive capital within Solana’s high-performance environment, enabling BTC holders to earn yields while enjoying advanced DeFi strategies, including perpetual trading, stablecoin lending, and liquidity provision.

With the Solana integration, users can mint LBTC directly on Solana by staking native BTC through Lombard, exchange any token for LBTC, or cross-chain LBTC from the Ethereum mainnet via LayerZero integration.

“Bitcoin is the most important asset of our generation, and bringing it to Solana has opened up tremendous new opportunities,” said Jacob Phillips, co-founder of Lombard Finance. “LBTC demonstrates the potential when Bitcoin achieves yield, composability, and true market access. Solana’s unparalleled performance creates an ideal environment for Bitcoin to become productive capital, unlocking new Decentralized Finance strategies for BTC holders.”

Since its launch in August 2024, LBTC has become the fastest-growing yield-bearing token in the cryptocurrency space, reaching a TVL of $1 billion in just 92 days, and establishing integrated relationships across more than a dozen ecosystems. The Solana integration represents LBTC’s expansion into one of the most technologically advanced and liquid DeFi environments in the industry, where users can enjoy near-instant confirmations and near-zero transaction fees.

LBTC on Solana offers several key advantages for DeFi participants. The built-in approximately 1% BTC yield effectively reduces borrowing costs when using LBTC as collateral for stablecoin lending through Kamino and JupLend. Traders can access the LBTC perpetual market through Drift and deploy liquidity strategies via AMMs like Meteora. This integration maintains the core characteristics of LBTC: 1:1 support of BTC held by 14 digital asset institutions, automatic yield accumulation, and real-time proof of reserves.

Jiani Chen, the growth lead of the Solana Foundation, stated: “We are excited to welcome Lombard to Solana. Lombard’s LBTC is the first yield-bearing Bitcoin to join the ecosystem, providing the scale and liquidity needed to position Solana as a high-performance liquidity hub for BTC. The native yields of LBTC and deep DeFi integration have opened a new chapter for Solana DeFi.”

The product launch includes a comprehensive incentive program supported by LayerZero, Lombard, and participating ecosystem protocols, aimed at accelerating the adoption of Solana in the DeFi space and creating more value for users migrating Bitcoin assets to this ecosystem.

Through this integration, Lombard continues to drive the evolution of Bitcoin from a passive asset to an active DeFi primitive. The expansion of LBTC to Solana reinforces Lombard’s broader mission to build a comprehensive Bitcoin capital market infrastructure. The protocol is supported by a security alliance of 14 leading digital asset institutions that provide institutional-grade custody and security assurance, and its multi-chain approach ensures that Bitcoin liquidity can flow to where innovation and opportunity are.

LBTC is now available immediately in the Solana ecosystem through lombard.finance/app, providing comprehensive documentation and integration support for other protocols.

About Lombard Finance

Lombard Finance is committed to building an on-chain Bitcoin capital market, unlocking the full potential of our generation’s most important asset. Founded in 2024, Lombard pioneered the integration of Bitcoin with Decentralized Finance, launching the leading interest-bearing Bitcoin asset LBTC, backed by a coalition of 14 digital asset institutions. LBTC achieved a TVL of $1 billion in just 92 days, becoming the first Bitcoin LST trusted by blue-chip protocols such as Aave, Spark, and EigenLayer. Today, Lombard is building a full-stack infrastructure to accelerate the adoption of on-chain BTC by holders, protocols, and platforms, with support from digital asset leaders including top DeFi protocols, institutions, and exchanges.