Funding
Lombard Systems Raises $4M Seed Round
Lombard Systems, previously known as SemiLiquid/PCP, has raised $4 million in a pre-seed and seed funding round led by Ethereal Ventures. The funding will support the adoption of the Delivery-versus-Lock (DvL) standard, which allows institutions to use tokenized and digital assets as collateral without transferring them from their existing securities accounts. The standard ensures legal enforceability for institutions, with the borrower retaining beneficial ownership and only the amount owed being delivereable.