Lombard Systems Raises $4 Million To Develop Institutional Financing Infrastructure For Tokenized Assets
Lombard Systems has secured $4 million in pre-seed and seed funding led by Ethereal Ventures to advance its institutional collateral infrastructure for tokenized securities. The company, formerly known as SemiLiquid/PCP, is developing a Delivery-versus-Lock (DvL) standard designed to enable the use of tokenized assets as loan collateral without requiring them to be moved from existing securities accounts. By utilizing cryptographically signed Credit Receipts, the framework allows borrowers to retain beneficial ownership while providing lenders with enforceable security interests. This approach aims to bridge the gap between the increasing availability of tokenized assets and the complex, manual legal processes currently required for secured financing. The capital will support legal analysis across the United States, England, Wales, and five other jurisdictions to ensure compliance with existing securities laws. Lombard Systems plans to expand its institutional integrations, targeting an initial deployment by the end of 2026 and a full standard release in early 2027. This development is significant for the RWA market as it addresses the critical need for standardized, efficient financing mechanisms that allow financial institutions to leverage tokenized stocks and money market funds as collateral.