Lombard taps Bitwise to offer Bitcoin yield and lending to institutional custody
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AI-PoweredLombard partners with Bitwise to offer Bitcoin yield and lending services to institutional clients, enhancing custody solutions and potentially increasing institutional Bitcoin adoption. This development may lead to increased demand for Bitcoin and reduced selling pressure. The partnership aims to provide institutions with more flexible and secure ways to manage their Bitcoin holdings.
The news is likely to have a positive impact on Bitcoin (BTC) prices, as it may attract more institutional investors and increase demand. Additionally, the ability to earn yield and borrow against Bitcoin without moving assets out of custody could reduce selling pressure and increase the overall attractiveness of Bitcoin as an investment asset. This could also have a positive effect on other crypto assets, such as Ethereum (ETH), as institutional investment in the space grows.
Article Context
Lombard CEO Jacob Phillips announced at the Digital Asset Summit that the platform enables institutions to earn yield and borrow against Bitcoin without moving assets out of custody.
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