Lombard is announcing a strategic collaboration with Korea Digital Asset (KODA), Korea’s leading institutional digital-asset custodian to support institutional distribution, compliant access, and long-term market development for onchain Bitcoin assets and related on-chain products in Korea.

Why now: Lombard has quickly become the leading decentralized organization for bringing Bitcoin on-chain, with over $1.5B in AUM and a product suite that spans bitcoin assets to an SDK and onchain products. LBTC, Lombard’s yield-bearing Bitcoin, has set a new standard for scale and transparency in the category, giving institutions a reliable way to activate Bitcoin onchain and access yield.

Building on this foundation, Lombard is expanding its platform to support broader institutional use cases for Bitcoin yield and liquidity, reflecting the growing demand for secure and compliant market access. This combination of scale, credibility, and innovation makes Lombard a natural partner for KODA as Korea’s regulatory framework develops and institutional demand grows.

The parties intend to evaluate a framework for:

• Institution-grade access to Bitcoin yield products and supporting infrastructure, aligned with Korean regulatory requirements;
• Joint market development initiatives targeting financial institutions, corporates, and fiduciaries; and
• A phased approach to product education, risk standards, and operational readiness, with the intent to broaden access as the regulatory environment evolves.

“Partnering with KODA, Korea’s leading institutional custodian, reflects our commitment to ensuring that Bitcoin yield and liquidity products are made available in the most secure and compliant way possible. Lombard has grown to lead the market with the first yield-bearding Bitcoin asset, and we look forward to extending that strength into Korea alongside KODA.”- Jacob Phillips, Co-founder, Lombard

“We see growing institutional interest in accessing Bitcoin in new and more productive ways. Partnering with Lombard allows us to explore how these opportunities can be introduced to Korea responsibly, with compliance and client trust at the center.” - Jinseok Cho, CEO, KODA

About Lombard Finance Lombard is building full-stack infrastructure to grow Bitcoin Capital Markets onchain, unlocking the full potential of the most important asset of our generation. Lombard has become a category leader in activating Bitcoin for institutional and DeFi use cases. Lombard first established market leadership with LBTC, Bitcoin’s leading yield-bearing asset. Fully backed by BTC and composable across DeFi, LBTC integrates with protocols such as Aave, Spark, Pendle, Etherfi, and more across 13 blockchains, all while earning yield. It is secured by a decentralized consortium of 14 digital asset institutions and today stands as the largest Bitcoin LST, commanding 57% of the market. Learn more at www.lombard.finance

About KODA (Korea Digital Asset) KODA is Korea’s leading institutional digital-asset custodian focused on secure, compliant enablement for regulated clients. Backed by KB Kookmin Bank and leading blockchain partners, KODA provides custody, compliance, and integration solutions for financial institutions in Korea. Website: kodax.com