We are excited to support Lombard's Bitcoin Onchain Credit Strategy, developed with cap. As Michael Lie, Global Head of Digital Assets at Flow Traders, notes: "Liquidity providers like Flow Traders use stablecoin financing to efficiently support their digital asset trading operations. Lombard's Bitcoin Onchain Credit Strategy connects Bitcoin holders with institutional financing activity, driven by real institutional demand and less correlated to DeFi market conditions." We look forward to supporting further innovation at the intersection of institutional finance and on-chain markets.
We've launched Bitcoin Onchain Credit Strategy, in partnership with Flow Traders (Euronext Amsterdam: FLOW), Cap Protocol, Symbiotic and Chainlink Labs For the first time, a publicly listed, regulated institution is accessing stablecoin credit through onchain infrastructure, and the fixed premium they pay flows directly to Bitcoin holders as yield. As a leading global trading firm, Flow Traders has real, persistent demand for stablecoin credit, but conventional DeFi lending requires posting collateral in a pooled model, something that presents operational and regulatory constraints for regulated institutions. This structure solves that: Bitcoin Earn depositors provide the collateral coverage, Flow Traders borrows against it, and the fixed premium it contributes comes back as Bitcoin-denominated yield. The yield source is categorically different from most digital asset yield products. It isn't a token incentive, a leverage-dependent return, or a DeFi utilization rate. It's a fixed annualized premium tied to the borrowing costs of an institutional participant, demand that exists regardless of market conditions. Bitcoin Onchain Credit Strategy joins Bitcoin Earn, Lombard's meta-vault and the first fund-of-funds architecture for onchain Bitcoin yield. Bitcoin Earn has accepted over $1 billion in cumulative deposits from more than 38,500 users since launch. Two structurally uncorrelated yield sources now sit within one product. Institutional credit opportunities of this type have historically been accessible only to professional funds. By embedding this within Bitcoin Earn, we're making it available to any Bitcoin holder through a single vault deposit.
