TLDR
- Lombard plans to raise $6.75 million with the BARD token community sale at a $450 million valuation.
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The sale will offer priority access to LBTC holders, Lombard users, and content creators.
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Lombard also introduces the Liquid Bitcoin Foundation to oversee protocol governance.
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Lombard’s LBTC token has around $1.5 billion in total value locked and integrates with major DeFi protocols.
Lombard, the Bitcoin DeFi protocol behind the LBTC token, is set to launch its native BARD token. The company has announced a community sale aiming to raise $6.75 million. This sale will be conducted on Buidlpad and will give participants the opportunity to purchase 1.5% of BARD’s total supply. This results in a fully diluted valuation of approximately $450 million for the token.
The sale is set to open for KYC registration and subscription on August 26, 2025, and will close on August 29, 2025. Eligible participants will then be able to contribute from September 1 to September 2, 2025. The sale is designed to accept contributions in USD1 stablecoin, BNB, or LBTC.
Priority Access for LBTC Holders and Content Creators
Lombard has announced that priority access to the community sale will be granted to existing LBTC holders, Lombard users, and participants in a promotional campaign.
These participants will be eligible to join the sale by creating content about Lombard and Buidlpad ahead of the KYC period.
For the first time, $BARD – the native token of the Lombard Protocol – will be distributed through a pre-launch Community Sale on @buidlpad.
This milestone for Lombard, marks an opportunity for the community to participate in the future of Bitcoin onchain. pic.twitter.com/H8UZ77wpjp
— Lombard (@Lombard_Finance) August 20, 2025
Jacob Phillips, Lombard’s co-founder, stated that 10% of the sale will be reserved for creators and educators who highlight Lombard’s role in the broader Bitcoin ecosystem. This initiative is part of Lombard’s push to increase visibility and engagement in the Bitcoin DeFi space.
Introducing the Liquid Bitcoin Foundation
Along with the token sale, Lombard has unveiled the Liquid Bitcoin Foundation. This new entity will serve as the governance body for Lombard’s protocol, overseeing key areas such as protocol development, partnerships, research, and grants.
The foundation’s grants program will support both commercial projects and public goods that aim to expand the Bitcoin ecosystem.
This move is aimed at fostering a more decentralized governance structure and ensuring long-term sustainability for Lombard’s ecosystem. The foundation is expected to play a crucial role in the development and scaling of Lombard’s protocol and infrastructure.
Lombard’s Role in Bitcoin DeFi and Future Plans
Lombard’s core product, LBTC, is a yield-bearing Bitcoin token that has achieved significant growth, with approximately $1.5 billion in total value locked (TVL). LBTC is integrated with several major decentralized finance (DeFi) protocols, including Aave, Etherfi, Pendle, and others. It is secured by a consortium of digital asset firms, including Galaxy, Wintermute, and OKX.
Lombard’s strategy extends beyond the LBTC token. The company has developed a full-stack infrastructure to support Bitcoin’s integration into the decentralized finance ecosystem. This includes a security layer anchored by its blockchain, middleware such as SDKs used by Bybit and Binance, and cross-chain wrappers like BTCK on Katana.
Looking ahead, Lombard plans to continue expanding its offerings, focusing on building infrastructure to accelerate Bitcoin capital markets on-chain. The company has already raised $17 million in seed funding, with backing from notable investors like Polychain Capital, Franklin Templeton, and Bybit.
