Digital Assets: Figment, Ledger, Lombard Partner to Enable Earning Opportunities for Bitcoin Holders

Why It Matters

By marrying self‑custody with on‑chain yield generation, the alliance broadens Bitcoin’s role beyond a static store of value, attracting both retail users and institutions seeking secure, liquid returns.

Key Takeaways

• LBTC token enables Bitcoin staking without custody loss
• Ledger integrates Figment dApp directly into its wallet UI
• Figment provides infrastructure, managing $18B across 40+ networks
• Users earn yields by depositing BTC, receiving LBTC instantly
• Partnership expands Bitcoin utility for retail and institutional investors

Pulse Analysis

Bitcoin’s reputation as a pure store of value has long limited its appeal to income‑focused investors. The introduction of LBTC, a fully backed token that mirrors BTC while participating in DeFi yield protocols, changes that narrative. By converting on‑chain BTC into a staked variant without moving assets off the ledger, users can capture network validation rewards and broader DeFi incentives, all while preserving the cryptographic guarantees of self‑custody.

Figment’s involvement brings enterprise‑grade staking infrastructure to the table, leveraging its experience overseeing more than $18 billion across dozens of blockchains. Its Babylon Bitcoin Staking Protocol ensures that rewards are calculated transparently and distributed securely. Ledger’s integration of the Figment dApp into the Discover section of its hardware‑wallet app creates a frictionless user experience: a few taps convert BTC to LBTC and start earning immediately. This seamless bridge between hardware security and decentralized finance addresses the long‑standing trade‑off between safety and yield.

The collaboration arrives as institutional capital continues to flow into Bitcoin, yet many firms remain cautious about exposing assets to custodial risk. By offering a liquid, audited token that generates returns while remaining under the owner’s control, the partnership positions Bitcoin as a more versatile component of diversified portfolios. Expect increased adoption among hedge funds, family offices, and retail savers who seek to maximize Bitcoin’s upside without surrendering custody, potentially spurring further innovation in on‑chain financial products.