We're thrilled to announce that Kraken, one of the world's longest-standing, most liquid, and secure cryptocurrency exchanges, has joined Lombard's Security Consortium. This collaboration marks another significant milestone in strengthening our decentralized validator network and reinforcing the institutional-grade security that powers the Lombard Protocol and our asset LBTC.

Expanding Our Trusted Network

The Lombard Security Consortium includes some of the most respected names in digital assets: OKX, Galaxy, DCG, Wintermute, Figment, Kiln, Antpool, F2pool, and now Kraken. This network of independent digital asset institutions validates every critical action on our protocol, ensuring that security isn't just promised, it's proven through decentralized, transparent, and battle-tested operations.

The Security Consortium operates the Lombard Ledger, a Byzantine fault-tolerant consensus Layer 1 that provides transparent, on-chain records of all protocol operations. This Proof-of-Authority network ensures that only entities with established reputations can serve as validators, creating the institutional confidence required for large-scale Bitcoin adoption.

Kraken's addition brings decades of proven expertise in secure cryptocurrency operations to our consortium. As a platform trusted by millions of individuals, professional traders, and institutions worldwide, Kraken's participation underscores the institutional confidence in Lombard's approach to bringing Bitcoin onchain.

"Kraken's participation in our Security Consortium represents a significant validation of our approach to bring Bitcoin onchain with institutional-grade Bitcoin assets and solutions," said Jacob Phillips, Co-founder at Lombard Finance. "Their proven track record in secure cryptocurrency operations and trusted reputation among institutional clients aligns perfectly with our mission to provide secure, transparent access to Bitcoin yield opportunities. This is the first step in a long journey of working together to create a more secure blockchain ecosystem, Lombard looks forward to supporting Kraken with their blockchain endeavours."

Why the Security Consortium Matters

At Lombard, we believe that institutional and individual owners of Bitcoin require more than technical innovation—they need verifiable trust. Our Security Consortium addresses this through:

• Multi-Party Authorization: No single entity can mint LBTC, process redemptions, or approve staking operations. Every transaction runs through our multi-party consensus model, verified and recorded on the Lombard Ledger.
• Reputation-Based Security: Operating as a Proof-of-Authority network, our Consortium consists exclusively of companies with established reputations in the digital asset space. This approach mirrors successful enterprise blockchain networks and provides the institutional confidence required for large-scale Bitcoin adoption.
• Transparent Operations: The Lombard Ledger provides verifiable, on-chain records of all operations, creating an immutable audit trail that everyone can rely on.
• Decentralized: Each member of the Security Consortium operates independent of the other. As we onboard more high-quality members we increase both the decentralization and the security of the Protocol.

Bridging Operational Security with Opportunity

Kraken's participation exemplifies our strategy to develop the most trusted Bitcoin platform. While maintaining the security and transparency principles of blockchain technology, our consortium model provides the trusted validator network that individuals and institutions require.

This approach enables us to serve Web3 communities and institutional players seeking Bitcoin yield opportunities without compromising robust operational security. It's about making Bitcoin accessible to the broadest possible audience while maintaining the highest security standards.

Looking Forward

With Kraken joining our Security Consortium, we're not just adding another validator—we're strengthening the foundation that will support the next phase of Bitcoin's adoption. Every new consortium member brings additional security, expertise, and credibility to our network.

The expansion of our Security Consortium demonstrates the growing institutional confidence in Lombard's mission to unlock Bitcoin's potential while preserving its core principles of security and decentralization.

About Kraken

Kraken is a technology platform built on crypto that unlocks access and reduces inefficiencies to drive financial freedom — for the crypto economy and beyond. Millions of individuals, professional traders, and institutions around the world use Kraken to trade digital and traditional assets, including cryptocurrencies, national currencies, U.S. futures, and U.S.-listed stocks and ETFs.

Kraken markets can be monitored and traded via the web or through the Kraken and Kraken Pro iOS and Android apps. Futures platforms by NinjaTrader, a Kraken company, are available on desktop, web, and mobile via www.ninjatrader.com. For more information about Kraken, please visit www.kraken.com.