Bitcoin Smart Accounts.
No custody, control,
or title transfer.
BSA enables BTC held in institutional custody to be used as onchain collateral without transferring custody or control of the underlying BTC to any third party.
If you can borrow against your stocks, you should be able to borrow against your Bitcoin.
Securities lending has existed for decades. Equities held in prime brokerage can generate yield, be used as collateral, and remain in custody, all at once. Bitcoin, until now, had no equivalent. Bitcoin Smart Accounts recreate that institutional primitive onchain: yield and borrowing from the security of your existing custody setup.
Bitcoin Smart Accounts recreate the tri-party agreement onchain.
Until now, Bitcoin holders faced an impossible choice: keep your BTC in cold storage and accept zero utility, or move it onchain and accept bridge and smart contract risk.
Bitcoin Smart Accounts sit between custody and onchain finance, making both more valuable.
BTC stays at your existing custodian, and a digital receipt is issued onchain, so you can access yield strategies and BTC-backed borrowing. Without moving your Bitcoin.
Yield and liquidity from your existing custody arrangement.
Earn 4–5% APY. Managed by Bitwise.
Bitwise-managed BTC yield strategies, institutional-grade and accessible without custody transfer. BTC stays at your institution throughout. Yield accrues in Bitcoin.
Borrow stablecoins at market beating rates.
Borrow against your BTC position via Morpho without moving it from custody. Access stablecoin liquidity for operational needs, opportunities, or portfolio management while maintaining full Bitcoin exposure.
Four steps. No custody, control, or title transfer.
BTC remains at the custodian
Your Bitcoin does not move. It stays in its existing qualified custody arrangement, under your control and your existing compliance posture.
A digital receipt represents your position
Lombard issues a secure digital receipt representing your Bitcoin position, without transferring title, control, or custody. The Bitcoin stays in the vault. The receipt unlocks what you can do with it.
The receipt unlocks yield, borrowing, and collateral
Access yield strategies managed by Bitwise (4–5% APY). Borrow stablecoins via Morpho. Deploy your BTC as productive collateral. All while your Bitcoin remains exactly where it is.
If anything fails, your Bitcoin returns automatically
Every spending path is pre-signed before deposit. If any part of the system encounters an issue, even if Lombard ceases to exist, your Bitcoin returns to its original custody automatically when the timelock expires.
Four layers of protection. Zero trust required.
Bitcoin Smart Accounts are designed so that no single party, including Lombard, ever has unilateral control over your Bitcoin.
Your Bitcoin never leaves the Bitcoin network
Your BTC stays on Bitcoin Layer 1. It is never moved to another chain, another contract, or another custodian. The most secure network in the world protects it throughout.
Every possible action is agreed before deposit
Before your Bitcoin enters a Smart Account, every spending path is pre-defined and signed. There are no surprises. No party can create a new transaction type after the fact.
Your institution has a direct override
Every Bitcoin Smart Account includes an independent arbitration oracle that your institution controls. If Lombard ever acts incorrectly, you can intervene directly. No permission needed.
If something fails, your Bitcoin returns automatically
A trustless timelock is built into every Bitcoin Smart Account. If every other layer fails, your Bitcoin returns to its original custody when the timelock expires. No intervention needed.
The Bitcoin Finance Protocol. From inside your existing custody.
BTC stays where it is. The opportunities come to it.
Activate productive Bitcoin from your existing qualified custody: yield and borrowing, with full title and control retained.
Offer Bitcoin Smart Accounts to your clients as a bespoke integration: onchain finance without custody transfer.
Questions, answered.
Everything you need to know about Bitcoin Smart Accounts: how they work, how they're secured, and what they unlock.
A Bitcoin Smart Account lets institutional allocators earn yield, borrow, and access onchain finance without their Bitcoin ever leaving qualified custody. BTC stays in custody while a digital receipt unlocks DeFi, with full title and control retained.
No. Your BTC stays in its existing qualified custody arrangement. It is never moved to another chain, contract, or custodian. Your custody, insurance, and compliance posture are unchanged.
Four layers of protection: BTC never leaves custody, every spending path is pre-signed before deposit, your institution holds a direct override via an arbitration oracle, and a trustless timelock returns your Bitcoin automatically if everything else fails.
Access yield strategies managed by Bitwise (4–5% APY) and BTC-backed borrowing via Morpho, deploying your Bitcoin as productive collateral without transferring title or control.
Bitcoin Smart Accounts are available to clients of custodians and wallets that need productive Bitcoin while retaining their existing custody model.