Lombard Partners with Figment, Kiln, Galaxy, and P2P to Scale Bitcoin Staking Infrastructure and Secure the Next Chapter of Onchain Finance
Staff Writer • 2025-04-08
New Coalition Expands the Babylon Network, Enhances Bitcoin Utility, and Sets the Stage for Institutional-Grade Staking LONDON, — Lombard today announced strategic partnerships with leading institutional staking providers Figment, Kiln, Galaxy, and P2P to scale Bitcoin staking infrastructure and advance the security of Babylon’s Bitcoin Secured Networks. This marks a significant milestone in building a robust, decentralized architecture for BTC staking—bringing best-in-class validator performance, fault tolerance, and institutional trust to the heart of Bitcoin’s onchain evolution. Through these partnerships, Lombard is distributing its role as a Finality Provider on the Babylon Genesis chain, extending the same responsibility to an elite group of operators with proven track records across Proof of Stake ecosystems. Together, these providers will secure the Babylon chain and upcoming Bitcoin-secured applications such as TAC, BOB, and Osmosis, ensuring Bitcoin holders gain consistent access to DeFi and staking yield—without compromising security or decentralization. “Instead of consolidating control, we’re building a shared, resilient foundation for Bitcoin staking,” said Teddy Pornprinya, Co-Founder of Lombard. “This coalition allows us to scale the network securely while preserving the permissionless experience BTC holders expect.” A New Model for Bitcoin Staking The collaboration marks an evolution in the role of Finality Providers. No longer just validators running nodes, they become key architects of the emerging Bitcoin staking economy—responsible not only for uptime and performance, but also for guiding reward distribution, protocol governance, and ecosystem growth. In Phase 1, Lombard emerged as the dominant Finality Provider on Babylon, securing over 23,000 BTC—more than 40% of all delegated stake. In Phase 2, it is distributing this role across Figment, Kiln, Galaxy, and P2P to foster decentralization, improve fault tolerance, and align long-term incentives. The underlying staking process for users remains unchanged—BTC holders can still delegate through Babylon’s staking app or partner interfaces, while benefiting from a more robust backend infrastructure. “With Lombard, Bitcoin holders can benefit from the best parts of the onchain economy—both staking and access to DeFi,” said Lorien Gabel, Co-Founder & CEO of Figment. “Institutions can now activate their BTC without compromising on security or control.” Laszlo Szabo, Co-Founder and CEO of Kiln, added, “We believe in the future of Bitcoin staking and are thrilled to partner with Lombard. With our institutional-grade foundation and distribution channels, Kiln is uniquely positioned to help accelerate the adoption of advanced staking solutions.” Reinventing Finality at the Network Layer Finality Providers are critical to Babylon’s security architecture. They submit cryptographic proofs that render transactions irreversible, earning BABY token rewards for stakers who delegate BTC to them. Lombard’s distributed model ensures that this responsibility is shared across multiple operators, each with technical infrastructure, economic alignment, and track records of performance. BTC holders staking through Babylon, the Lombard app, or validator partner platforms using the Lombard SDK are now participating in a distributed trust layer—one that’s open to all, backed by institutional partners, and designed for longevity. With integrations planned across more Bitcoin Secured Networks later this year, this announcement positions Lombard and its partners at the forefront of a movement to unlock Bitcoin’s full potential. By combining high-performance infrastructure with collaborative governance, Lombard is laying the groundwork for a staking ecosystem that balances yield, decentralization, and security at scale. About Lombard Lombard is the decentralized staking and infrastructure protocol powering Bitcoin's transition into the onchain economy. By offering seamless access to staking, governance, and secure validator networks, Lombard bridges the worlds of Bitcoin and Proof of Stake—without compromising the values of either.
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