On July 3rd, OKX Ventures announced an investment in Lombard, a Babylon-based solution that provides cross-chain liquidity staking for Bitcoin. Lombard's flagship product is LBTC. Lombard has partnered with Babylon, whose staking protocol allows bitcoin assets to be staked in a trustless and self-custodial manner, providing economic security for proof-of-stake (PoS) systems. Through Babylon, staked bitcoin assets are converted to LBTC, allowing them to be integrated into the most commonly used DeFi protocol on the Ethereum mainnet and future popular Layer 2 chains. It was previously reported that Bitcoin re-staking protocol Lombard raised $16 million, and Polychain Capital led Lombard's round of financing.