Productive Bitcoin,
from custody.
Bitcoin Smart Accounts let custodians and wallets offer onchain Bitcoin yield and borrowing to clients, from their existing custody arrangement.
Bitcoin Smart Accounts recreate the tri-party agreement onchain.
Until now, Bitcoin holders faced an impossible choice: keep BTC in cold storage and accept zero utility, or move it onchain and accept bridge and smart contract risk.
Bitcoin Smart Accounts are designed around the principle that institutional clients should never have to choose between productive Bitcoin and qualified custody.
Custody preserved. Title unchanged. DeFi access.
Custody preserved
Bitcoin remains in the existing custody set-up. Security, insurance, and regulatory protections are unchanged.
Title unchanged
Full legal title and beneficial ownership are unchanged, with complete asset isolation per account.
DeFi access
Clients access onchain opportunities from leading whitelisted DeFi protocols, without moving Bitcoin from custody.
Onchain Bitcoin yield and liquidity from an existing custody arrangement.
4–5% APY. Managed by Bitwise.
Offer institutional Bitcoin yield strategies managed by Bitwise. Clients access 4–5% APY denominated in Bitcoin, via the custodian they already trust. You set the fee structure.
BTC-backed borrowing via Morpho
Your clients borrow stablecoins against their Bitcoin position through Morpho, accessing liquidity for operational needs while maintaining full Bitcoin exposure.
BTC stays. Everything else opens up.
BTC stays at the custodian
Bitcoin does not move. It stays in its existing qualified custody arrangement, under all pre-existing rules, insurance and control.
A digital receipt represents your position
Lombard issues a secure digital receipt representing the Bitcoin position, without transferring title, control, or custody.
The receipt unlocks yield, borrowing & collateral
Access yield strategies managed by Bitwise. Borrow stablecoins via Morpho.
If anything fails, Bitcoin returns automatically
Every spending path is pre-signed before deposit. Even if Lombard ceases to exist, Bitcoin returns automatically when the timelock expires.
A new product category for your custody offering.
Launch revenue driving products via a bespoke integration. Talk to our team to scope the right implementation.
BSA questions, answered.
Everything you need to know before exploring a Bitcoin Smart Accounts integration.
- What are Bitcoin Smart Accounts?
- Bitcoin Smart Accounts are a bespoke integration for custodians and wallets. They give institutional clients access to yield strategies and BTC-backed borrowing from their existing custody arrangements, without moving Bitcoin to a new custodian or changing compliance setup. Bitcoin stays in custody. Lombard's receipt unlocks productive capabilities on top.
- Does Bitcoin leave our custody?
- No. Bitcoin does not move. It stays in its existing qualified custody arrangement under all pre-existing rules, insurance, and client control. Lombard issues a secure digital receipt without transferring title, custody, or control. If Lombard ceases to exist, pre-signed transactions automatically return Bitcoin to its original custody when the timelock expires.
- What yield products are available?
- Institutional yield strategies managed by Bitwise Investment Manager, targeting 4–5% net APY denominated in Bitcoin. Clients also have access to BTC-backed stablecoin borrowing via Morpho ($12B+ in protocol assets), providing liquidity without selling Bitcoin.
- Who manages the yield strategies?
- Bitwise Investment Manager: CFTC-registered CPO/CTA, $9B AUM, strategy independently audited since January 2022. All yield accrues in Bitcoin. Past results are not necessarily indicative of future results.
- Is BSA available to any custodian?
- BSA is a bespoke integration evaluated case by case. It is designed for qualified custodians and regulated wallets. Contact our integrations team to discuss your platform and timeline.
- How is this different from holding LBTC?
- LBTC requires moving Bitcoin to Lombard's custody infrastructure. BSA does not. Bitcoin stays at the existing custodian. BSA is purpose-built for institutions that cannot or will not move Bitcoin but want the same productive capabilities.