Lombard Raises $94.7M for Bard Token, Aims to Boost Bitcoin DeFi

Lombard Finance raised $94.7M in its Bard token public sale, exceeding its goal by 1,400%. The funds will be used to develop its Bitcoin DeFi protocol and grow its ecosystem. The protocol uses a decentralized validator network to avoid cross-chain bridge hacks and counterparty risk. The goal is to bring more users into the ecosystem by adding Bitcoin DeFi capabilities.

Lombard Finance, a prominent Bitcoin DeFi protocol, has successfully raised $94.7 million in its Bard token public sale, significantly exceeding its initial goal by 1,400%. The sale, which took place on Buidlpad, saw an oversubscription rate of 1038% [1].

The funds raised will be allocated towards the development of Lombard's Bitcoin DeFi protocol and the expansion of its ecosystem. The protocol employs a decentralized validator network to mitigate risks associated with cross-chain bridge hacks and counterparty risk. By integrating Bitcoin DeFi capabilities, Lombard aims to attract more users to its platform.

This latest funding round underscores the growing interest and investment in the DeFi sector. According to Binance Research, the total value locked (TVL) in DeFi lending protocols has surged by 72% year-to-date, climbing from $53 billion in January to over $127 billion this week [2]. The growth is largely driven by the adoption of stablecoins and tokenized real-world assets (RWAs), which are facilitating institutional participation in the DeFi space.

The tokenized asset sector is also experiencing rapid expansion. Alvin Foo, co-founder of NASDEX, recently celebrated the sector's momentum, noting that the RWA market has reached an all-time high of $28 billion [2]. The number of RWA holders has increased by 8.65%, hitting 373,348, while stablecoins have seen a total value of $273.18 billion, marking a 6.18% increase over the past month.

Notable projects in the RWA sector include Ondo Finance, Plume, and Vision, which are steadily expanding their reach and offerings [2]. The growing use of stablecoins and RWAs is transforming DeFi lending, potentially linking traditional finance with new decentralized technologies.

References:
[1] https://www.lookonchain.com/feeds/27322
[2] https://www.cryptotimes.io/2025/09/04/defi-lending-soars-72-as-stablecoins-and-rwas-drive-growth/