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Lombard said it plans to launch Bitcoin Smart Accounts, designed to allow Bitcoin held in institutional custody to be used as onchain collateral without moving the asset or transferring control to a third party.
According to an announcement shared with Cointelegraph, following a launch this quarter, custodied Bitcoin will be recognized onchain through a receipt token, BTC.b, enabling institutions to access lending and liquidity venues while retaining legal ownership and existing custody arrangements. …
