Today marks a significant milestone in onchain Bitcoin capital markets growth: Ledger, the builder of products that secure approximately 22% of the world's Bitcoin, is introducing BTC yield opportunities to its users, and LBTC is at the center of this industry-first integration.

The Ledger integration joins a rapidly expanding ecosystem of platforms, protocols, and institutions choosing Lombard as their Bitcoin partner. Ledger's decision to integrate LBTC underscores the institutional-grade security Lombard’s assets and platform uphold, and the growing interest in doing more with Bitcoin onchain.

“As the builder of products that secure approximately 22% of the World’s Bitcoin, Ledger is uniquely positioned to address a critical fragmentation gap in the BTC ecosystem”, said Jean-Francois Rochet, EVP of Consumer Services at Ledger. “Previously, BTC holders had limited options for generating returns without selling or moving assets. As the only secure self-custody solution enabling yield on Bitcoin, this first version of the product will give an edge to Bitcoin holders, crypto traders, and Ledger Wallet users to do more with their investments. It’ll change the way people, from HODLers to active crypto traders, experience DeFi and allow for more use cases with Bitcoin.”

Bringing Bitcoin Yield to Self-Custody

For the first time, Ledger Wallet users can access native Bitcoin yield directly from self-custody through a seamless integration with Lombard and Figment. This partnership addresses a critical gap in the Bitcoin ecosystem: the $2 trillion opportunity represented by the 98.5% of Bitcoin that remains idle.

"Lombard was created to unlock Bitcoin's potential for holders onchain," said Jacob Phillips, Co-founder of Lombard. "This integration represents a significant milestone as LBTC becomes the first yield-bearing Bitcoin to be made available to Ledger users. The BTC Yield feature is offered by leaders in wallet, staking and bitcoin infrastructure to give BTC holders a simple and secure gateway to earn yield on their BTC, and use LBTC across leading DeFi applications across 15 chains."

LBTC: Secure & Composable

LBTC's selection by Ledger—a company trusted with over $500 billion in digital assets—underscores the institutional-grade security built into its infrastructure. LBTC is secured by a decentralized Security Consortium of 15 leading digital asset institutions, ensuring no single point of failure.

Every LBTC token is fully backed by Bitcoin with transparent Proof of Reserve, allowing holders to verify their holdings at any time. This transparency, combined with our consortium-based security model, creates the trust infrastructure necessary for Bitcoin to truly scale across DeFi.

LBTC isn't just secure, it's composable across 15 blockchains, making it one of the most widely integrated Bitcoin assets in DeFi. From Ethereum to Base to Sui and Solana, LBTC functions as collateral on leading DeFi applications, enabling Bitcoin holders to access lending, trading, and yield opportunities that were previously unavailable to them.

This extensive integration network means that Ledger users depositing Bitcoin through the Earn section aren't just unlocking yield, they're gaining access to the full universe of decentralized finance with their Bitcoin holdings.

Getting Started

The 'BTC Yield' feature is rolling out to all Ledger Wallet users in early January through the Discover section via the Figment-Lombard dApp. Later in 2026, it will be available through native integration in the Earn section.

For Ledger users, the process is straightforward: deposit Bitcoin through Ledger Wallet, and your BTC will be converted to yield-bearing LBTC, earning native Bitcoin-denominated derived from the Babylon Bitcoin Staking Protocol while remaining composable across DeFi.

This is just the beginning. Every major integration like Ledger brings us closer to a world where Bitcoin holders can fully participate in onchain economic activity without sacrificing security or custody. As more holders, platforms, and institutions recognize Bitcoin's potential as active capital rather than idle collateral, integrations like Ledger's will become the standard, not the exception.