Figment, Ledger, and Lombard have joined forces to empower Bitcoin (BTC) owners with new earning opportunities

Figment, Ledger, and Lombard have joined forces to empower Bitcoin (BTC) owners with new earning opportunities. This collaboration allows individuals who prefer to keep their BTC in self‑custody to generate rewards without ever transferring their holdings to third parties or shifting them off the blockchain. The initiative integrates staking mechanisms directly into familiar wallet interfaces, marking a significant evolution in how Bitcoin can be utilized beyond mere storage.

At the core of this partnership is Lombard’s LBTC token, which serves as a reward‑generating version of Bitcoin.

Fully backed and highly liquid, LBTC enables users to effectively participate in decentralized finance (DeFi) activities across various blockchains while also accruing yields.

Figment, a key player in staking services, supplies the infrastructure needed to validate these rewards.

Leveraging the Babylon Bitcoin Staking Protocol, Figment ensures secure and efficient operations, drawing on its experience managing over $18 billion in staked assets across more than 40 networks.

This setup benefits from audited systems, protection against potential losses, and round‑the‑clock oversight, providing peace of mind for participants.

Ledger, renowned for its hardware wallets, plays a pivotal role by embedding Figment’s decentralized application (dApp) into its Wallet platform.

Users can now navigate to the Discover section within the Ledger app to connect their wallets seamlessly.

The process is straightforward: deposit BTC, and in return, receive LBTC tokens that start earning rewards immediately.

This integration maintains the core principle of self‑custody, a hallmark of Ledger’s decade‑long commitment to security.

Having sold over 8 million devices worldwide and safeguarding a substantial portion of global crypto assets, Ledger emphasizes user control through features like its dedicated security lab.

Traditionally, Bitcoin has been viewed as a static store of value, with limited avenues for passive income that often required compromising on security or custody.

This new system changes that paradigm by enabling direct involvement in network validation protocols.

Holders can grow their portfolios without injecting additional funds, all while keeping assets under their own control.

The transparency and scalability of LBTC further enhance its appeal, making it accessible for both individual investors and institutions looking to optimize their Bitcoin positions in a DeFi‑compatible manner.

Lombard, established in 2024, has quickly positioned itself as a frontrunner in creating on‑chain capital markets for Bitcoin.

By introducing LBTC as a staked variant, it bridges the gap between Bitcoin’s inherent security and the dynamic yield opportunities in broader crypto ecosystems.

Supported by DeFi platforms and institutional partners, LBTC represents a pathway for enhancing Bitcoin’s functionality.

This alliance arrives at a timely juncture, as the crypto market continues to mature.

With Bitcoin’s dominance in the digital asset landscape—widely recognized for its institutional adoption—this partnership extends its potential far beyond holding.

It fosters a more active role for BTC in securing networks and generating returns, potentially attracting a new wave of users who value both safety and profitability.

Overall, the Figment‑Ledger‑Lombard collaboration signifies a leap forward in Bitcoin innovation.

By prioritizing security, liquidity, and user autonomy, it paves the way for a more inclusive and rewarding crypto experience. As this feature goes live in Ledger Wallet, BTC holders are encouraged to explore how they can turn their idle assets into productive ones without unnecessary risks.