Bitcoin (BTC) has always been the foundation of digital assets, the most secure, widely held, and institutionally recognized asset in the ecosystem. Yet, until now, BTC holders had limited ways to earn rewards without giving up custody or moving their assets offchain.
That changes today.
Figment is proud to collaborate with Ledger and Lombard to bring BTC rewards directly to self-custodied Bitcoin holders. Through Figment’s dApp in the Ledger Wallet™ interface, users can now access Lombard’s LBTC, a yield-bearing Bitcoin token powered by Figment’s institutional-grade staking infrastructure and secured by the Babylon Bitcoin Staking Protocol.
Unlocking Rewards for Self-Custodied BTC
For the first time, Bitcoin holders can earn rewards by participating in network validation, while maintaining self-custody through Ledger Wallet™.
Within the Discover section of Ledger Wallet™, users can connect to the Figment dApp, deposit BTC, and receive LBTC, a fully backed, liquid representation of their Bitcoin. LBTC is designed to earn rewards while remaining composable across multiple chains and DeFi applications.
Behind the scenes, the rewards are powered by the Babylon Bitcoin Staking Protocol, with Figment operating the validation infrastructure that secures these networks. This enables a trusted, transparent, and scalable path for BTC holders to grow their holdings without compromising security and without committing additional capital.
Institutional-Grade Infrastructure for Bitcoin
With over $18 billion in digital assets staked across 40+ networks, Figment has long supported the institutional adoption of staking. From Ethereum and Solana to emerging Proof-of-Stake networks, Figment’s infrastructure powers rewards for more than 1,000 institutional clients, including asset managers, exchanges, custodians, and foundations.
Extending this capability to Bitcoin marks a natural evolution. By validating networks secured through Bitcoin, Figment helps expand Bitcoin’s utility beyond passive storage, enabling BTC to support new forms of on-chain security and yield generation.
Built for Security, Designed for Growth
Figment’s infrastructure is built for performance, reliability, and risk mitigation, including audited architecture, slashing protection, and 24/7 monitoring. The same standards that safeguard institutional staking across leading proof-of-stake networks now extend to Bitcoin yield.
Get Started Staking BTC Today:
A New Chapter for BTC Holders
The BTC rewards feature is now live in the Ledger Wallet™ application. By integrating Lombard’s yield-bearing LBTC with Figment’s infrastructure, Ledger Wallet™ users can finally combine the safety of self-custody with the opportunity to earn rewards, all within a secure, transparent ecosystem.
This collaboration represents more than a new feature; it’s a step toward a future where Bitcoin participates directly in the growth of the on-chain economy, without compromising the principles that make it trusted in the first place.
About Ledger
Celebrating its 10 year anniversary in 2024, Ledger is the world leader in Digital Asset security for consumers and enterprises. Ledger offers secure signers and platforms, with more than 8M devices sold to consumers in 165+ countries and 10+ languages, 100+ financial institutions and commercial brands. Over 20% of the world’s crypto assets are secured by Ledger.
Ledger is the digital asset solution secure by design. The world’s most internationally respected offensive security team, Ledger Donjon, is relied upon as a crucial resource for securing the world of Digital Assets. With over 14 billion dollars hacked, scammed, or mismanaged in 2023 alone, Ledger’s security brings peace of mind and uncompromising self-custody to its community.
Don’t buy “a hardware wallet.” Buy a LEDGER™ signer.
LEDGER™, LEDGER Wallet™, LEDGER RECOVER™, LEDGER STAX™, LEDGER FLEX™ and LEDGER NANO™ are trademarks owned by Ledger SAS
About Lombard
Lombard is building onchain Bitcoin Capital Markets, to unlock the full potential of the most important asset of our generation.
Founded in 2024, Lombard pioneered Bitcoin’s integration into DeFi with LBTC, the leading liquid staked Bitcoin, secured by a consortium of top digital asset institutions.
Today, Lombard is building full-stack infrastructure to accelerate onchain BTC adoption by holders, protocols, and platforms. Lombard is built and backed by digital asset leaders, including top DeFi protocols, institutions, and exchanges.
Learn more at www.lombard.finance.
