Lombard

Lombard issues LBTC, a yield-bearing Bitcoin token: BTC deposited through Lombard is staked via Babylon and represented as LBTC on Ethereum and other chains, where it is used as DeFi collateral. LBTC is freely transferable, but minting, redemption and the yield strategy in the Lombard app are restricted by jurisdiction.

Rating B: 3 restrictions: 2 countries + Feature Block. Bitcoin liquid staking · Ethereum, Base, BNB Chain.

Official app: www.lombard.finance/app. Frontend code: closed.

Restrictions

• Geo Block: ToS only. Terms bar Restricted (US, UK) and Sanctioned Jurisdictions as Prohibited Users; IP enforcement not verified.
• Feature Block: yes. Direct mint/redeem and the yield strategy in the Lombard app are not available to US or UK persons (official docs); LBTC itself is a transferable token usable in DeFi. Affected countries: United States, United Kingdom.
• Wallet screening: ToS only. Unnamed third-party compliance screening provider (Terms §7.1, §8.4)
• VPN / Tor detection: ToS only. Terms prohibit VPNs or proxies used to misrepresent location.
• KYC / allowlist: ToS only. Terms reserve KYC/AML/CFT procedures and source-of-funds requests (§7.2, §8.4).
• Terms of Service: docs.lombard.finance/resources/terms, Last updated 2026-08-12. Restricted: United States, United Kingdom. Sanctioned: Belarus, Burundi, Crimea/Donetsk/Luhansk, Cuba, DR Congo, Iran, Iraq, Libya, North Korea, Russia, Somalia, Sudan, Syria, Venezuela, Zimbabwe.

Notes

Closed frontend. LBTC can be held and used in DeFi without the app; mint and redeem depend on Lombard's infrastructure (BTC custody and bridging).

Evidence

• docs.lombard.finance/resources/terms
• docs.lombard.finance/use/lbtc
• www.lombard.finance/products/lbtc/

Checked 2026-10-10. All interfaces · Methodology