Lombard is proud to welcome Figment, Galaxy, Kiln and P2P as Bitcoin Staking Partners - collectively uniting to provide long-term network security, and establish a resilient, decentralized, and rewarding Bitcoin staking ecosystem.
Together with its Bitcoin Staking Partners, Lombard will utilize high-performance staking infrastructure to provide finality to the Babylon Genesis chain, extending to Bitcoin Secured Networks including Osmosis, BOB, TAC, and more later this year.
The partnerships establish a Bitcoin staking ecosystem that’s open to everyone, built on high-performance staking technology, and designed to scale.
Why this Partnership Matters
Lombard’s partnership with Figment, Galaxy, Kiln and P2P marks an upgrade in the architecture of the Bitcoin staking ecosystem.
In Phase 1, Lombard became the dominant Finality Provider on Babylon, securing over 23,000 BTC—more than 40% of all delegated stake. Rather than consolidating that position, Lombard is distributing it across a curated set of operators with proven track records in Proof of Stake network validation, and the trust of millions of users and businesses.
By choosing to extend finality responsibilities to a trusted set of partners, Lombard is building resilience directly into the system: improving fault tolerance, aligning incentives across operators, and reducing systemic risk. All while keeping the staking experience unchanged for BTC holders.
More importantly, this shifts what it means to be a Finality Provider. It’s no longer just about running reliable infrastructure. It’s about participating in the long-term governance and economic design of Bitcoin-Secured Networks: deciding which networks to support, how to optimize reward distribution, and how to collectively manage risk as the system evolves.
For BTC holders, staking remains as simple as before. It's just that the underlying system becomes more robust—operated by a coalition of high-performance validators with skin in the game.
The result is a staking architecture designed not just for yield, but for durability and scale.
What This Means for BTC Holders
Bitcoin Staking will continue to remain fully open and permissionless. Anyone can delegate BTC directly via Babylon’s staking interface - just like before. What has changed is the structure behind the scenes. Instead of securing the Babylon ecosystem alone, Lombard is now working with 4 individual Finality Providers - Figment, Galaxy, Kiln, and P2P - to collectively secure the Babylon chain at first, and Bitcoin Secured Networks like TAC, BOB, Corn in a few months time.
Lombard’s Staking Partners will also integrate the Lombard SDK into their products, enabling their own users to stake BTC on their preferred platforms.
Whether users are staking through:
- The Babylon Staking App https://btcstaking.babylonlabs.io/
- Staking Partner’s interface powered by Lombard SDK
- The Lombard App
They're now participating in a robust, distributed trust network built on the strongest foundations Bitcoin staking has ever seen.
The Role of Finality Providers
Finality Providers play a critical role in securing Babylon Genesis, a PoS Layer-1 blockchain secured by Bitcoin. Their core responsibility is to support the network’s security by generating cryptographic finality proofs that render transactions irreversible.
By reliably submitting these finality proofs as part of Babylon’s consensus process, Finality Providers accrue BABY token rewards for stakers who delegate Bitcoin to them. Lombard's distributed approach to running finality infrastructure not only bolsters long-term network security, but also aligns operator performance with optimized reward accrual.
Learn more about Babylon’s Phase 2 and BABY rewards: https://www.lombard.finance/blog/baby-babylon-genesis-and-bs-ns-babylon-s-3-phases-explained/
The Bigger Picture
With Figment, Galaxy, Kiln and P2P alongside Lombard, Babylon’s Bitcoin Security Network is stronger than ever:
- Security is shared, not siloed
- Incentives are aligned across the stack
- BTC holders can earn the best rewards without compromising trust
Lombard is proud to lead this charge by bringing together the partners, tools, and values to move the ecosystem forward:
Open to all. Backed by the best. Driven by purpose. Start staking Bitcoin: https://www.lombard.finance/app/stake/
Meet Lombard’s Staking Partners
🔹 Figment - Figment is the leading independent provider of staking infrastructure. Figment provides the complete staking solution for over 700+ institutional clients. Institutional staking services from Figment include seamless point-and-click staking, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. This all leads Figment’s mission to support the adoption, growth, and long-term success of the digital asset ecosystem.
🔹Galaxy - Galaxy is a digital asset and blockchain leader providing secure and scalable staking solutions tailored for institutional clients. With $4.2 billion in assets under stake as of December 31, 2024, Galaxy offers a comprehensive staking platform designed to streamline and de-risk the staking process. Our services include API-driven functionality for seamless integration, automated Ethereum validator infrastructure, intuitive staking position management, and detailed rewards tracking and reporting. Leveraging select custodial partnerships, Galaxy enables clients to use staked assets as collateral, providing instant in-kind liquidity, bypassing unbonding queues, hedging market risks, and enhancing yields through our OTC trading and lending desks.
🔹 Kiln - Kiln is the leading staking and digital asset rewards platform, powering infrastructure for top-tier custodians, ETP issuers, and banks – including VanEck, CoinShares, BitGo, Copper, and Fireblocks. With a multi-cloud, multi-region architecture and SOC2 Type II compliance, Kiln secures over $13 billion across 50+ networks, including 4.8% of Ethereum’s network – delivering 3.38% higher GRR than average and maintaining 95% uptime.
Building on this proven track record, Kiln is working alongside Babylon and Lombard to introduce Bitcoin staking solutions, unlocking yield and liquidity in Bitcoin’s $1.7 trillion market for institutional platforms and millions of end-users through wallet partner distribution channels.
🔹P2P – P2P.org is a leading institutional staking provider, managing over $5 billion in staked assets across more than 40 networks, and serving a global community of over 100k+ clients. Renowned for its secure, efficient, and user-focused staking infrastructure, P2P.org is dedicated to advancing the development of Proof of Stake technologies and supporting the long-term growth of decentralized finance. Through its collaboration with Lombard, P2P.org brings its expertise to the Bitcoin ecosystem—offering robust finality services for Babylon. With advanced infrastructure and monitoring,P2P.org delivers institutional-grade Bitcoin staking solutions for Lombard’s clients.
Each of these teams shares Lombard’s vision for what Bitcoin staking can become: more accessible, more secure, and more rewarding—for everyone.
“With Lombard, Bitcoin holders can benefit from the best parts of the onchain economy — both staking and access to DeFi. Institutions can now activate their BTC without compromising on security or control. We're proud to bring Figment’s trusted infrastructure to this next chapter of Bitcoin’s evolution.” - Lorien Gabel, Co-Founder & CEO of Figment
“At Galaxy, we see bitcoin staking as a pivotal unlock for institutional and long-term holders alike, bridging the security and stability of BTC with the innovation of Proof-of-Stake systems. We’re thrilled to partner with Lombard and bring our deep infrastructure expertise to a new frontier of Bitcoin utility, ensuring resilience, decentralization, and scale from day one.” - Zane Glauber, Head of Blockchain Infrastructure at Galaxy
“We strongly believe in the future of Bitcoin staking, and we’re thrilled to partner with Lombard to help unlock new liquidity opportunities for BTC. With our institutional-grade foundation and access to millions of end-users through our partner distribution channels, Kiln is uniquely positioned to accelerate Lombard’s efforts and broaden access to advanced Bitcoin staking solutions. As a signer and finality provider, we’re proud to uphold the highest standards of security, decentralization, and reliability – key factors for institutional adoption.” - Laszlo Szabo, Co-Founder and CEO of Kiln
“We’re excited to collaborate with Lombard—the biggest LST in the Bitcoin industry. Their deep DeFi integrations, ability to onboard institutions, and exceptional team make them the clear leader in this space. The team is driving the vision, they’ve built one of the most notable projects in Bitcoin. We’re excited about the opportunity to grow and expand to new horizons together in the Bitcoin ecosystem” - Alex Esin, CEO of P2P.org
About Lombard Lombard is the leading developer of secure Bitcoin infrastructure, dedicated to unlocking Bitcoin’s potential. With its flagship product LBTC, the Universal Liquid Bitcoin Standard, Lombard empowers users to earn yield, stay liquid, and keep control over their Bitcoin. Developed to meet the rigorous demands of institutional users and DeFi protocols, LBTC provides stable, secure, and liquid collateral, backed by native Bitcoin. Lombard’s trusted solutions enable DeFi protocols, institutions, and blockchains to integrate Bitcoin seamlessly and securely, creating new opportunities for the digital economy. Driven by an uncompromising commitment to security and innovation, Lombard is shaping the future of Bitcoin in DeFi.
About Babylon Babylon Labs focuses on Bitcoin security-sharing protocols with a vision of building a Bitcoin-secured decentralized world. The latest software development is the world's first trustless and self-custodial Bitcoin staking protocol, which enables Bitcoin holders to stake their BTC on other decentralized systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling stakers to earn staking rewards without the need for third-party custody, bridge solutions, or wrapping services. The greater idea is to combine the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin's utility.
About Figment Figment is the leading independent provider of staking infrastructure. Figment provides the complete staking solution for over 700 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. On Ethereum and Solana, Figment is one of the largest non-custodial staking providers. Institutional staking services from Figment include seamless point-and-click staking, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. This all leads Figment’s mission to support the adoption, growth, and long-term success of the digital asset ecosystem. To learn more about Figment, please visit figment.io.
About Galaxy Galaxy (TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. The company is headquartered in New York City, with offices across North America, Europe, the Middle East and Asia. Additional information about Galaxy’s businesses and products is available on www.galaxy.com
About Kiln Kiln is the leading staking and digital asset rewards management platform, enabling businesses to earn rewards on their digital assets, or to white label earning functionality into their products. Kiln runs validators on all major PoS blockchains, with over $13 billion in digital assets being programmatically staked and running over 4.8% of the Ethereum network on a multi-client, multi-cloud, and multi-region infrastructure. Kiln also provides a validator-agnostic suite of products for fully automated deployment of validators and reporting and commission management, enabling custodians, wallets, and exchanges to streamline staking or DeFi operations across providers. Kiln is SOC2 Type II compliant.
About P2P P2P.org launched in 2018 with a mission to positively influence the development of PoS technologies. Since our launch we have grown to manage 5+ billion USD in staked assets across more than 100k+ clients and 40+ unique blockchain networks. Our team provides unparalleled expertise and support for digital asset investors to compound their assets in a secure and efficient manner, offering token holders unrivaled access to digital asset staking networks.