Lombard Systems announced $4 million in pre-seed and seed funding on November 5. The company plans to develop a standardized framework called Delivery-versus-Lock, or DvL, that would allow institutions to use tokenized assets as collateral for borrowing. Its approach aims to coordinate asset control with financing obligations while aligning the legal rights that apply in cases of insolvency or default. The funding will support legal analysis in the United States, England and Wales, and several additional jurisdictions. The first institutional deployment is expected by the end of 2026, but widespread adoption, cost savings, and interoperability remain unproven.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
