According to the release shared with Bitcoin.com News, the integration brings more than $1.5 billion in liquid staked bitcoin (BTC) to Solana’s decentralized finance (DeFi) landscape. Unlike previous bitcoin derivatives on the network, LBTC offers a built-in yield of approximately 1%, denominated in bitcoin. The team says this allows BTC holders to use their assets productively within Solana’s high-speed, low-cost environment.

Leading Solana protocols, including Jupiter, Drift, Kamino, and Meteora, are supporting the launch from day one. The team disclosed that Layerzero enables seamless cross-chain bridging, while Redstone Oracles provide price feeds. Through a partnership with Meteora, users can swap existing wrapped bitcoin tokens like ebBTC to LBTC at near-zero fees.

Jacob Phillips, co-founder of Lombard Finance, stated, “LBTC demonstrates what’s possible when bitcoin gains yield, composability, and real market access.” The move aims to transform bitcoin from a passive holding into active capital for DeFi applications such as perpetual trading, borrowing, and liquidity provisioning.

Jiani Chen of the Solana Foundation welcomed the integration, saying, “LBTC’s native yield and deep DeFi integrations unlock a new chapter for Solana DeFi.” The launch is supported by incentive programs designed to accelerate adoption across the ecosystem.

LBTC is backed 1:1 by bitcoin held under custody by a security consortium of 14 institutional custodians. It maintains real-time proof of reserves and automatically accrues yield for holders.

The expansion to Solana marks Lombard’s latest step in building bitcoin capital markets infrastructure across multiple blockchains. Users can now mint, swap, or bridge LBTC directly on Solana.

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