SINGAPORE, July 9, 2024 /PRNewswire/ -- To enhance the liquidity and the ecosystem for Bitcoin, HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in Lombard. Lombard is a restaking protocol poised to catalyze growth across the Web3 ecosystem by transforming Bitcoin from a static store of value into a productive financial asset.
Lombard builds its restaking product on top of the Bitcoin staking protocol Babylon, which allows individuals to use Bitcoin to secure other proof-of-stake networks. Lombard increases liquidity for staked BTC by issuing LBTC, a liquid and yield-bearing representation of BTC. LBTC can move seamlessly across chains and decentralized finance (DeFi) platforms as collateral without compromising security. LBTC will soon be integrated into the most popular DeFi protocols on the Ethereum Mainnet before launching on widely used Layer 2 (L2) chains later this year.
"Liquid restaking is the next revolution for the Bitcoin Ecosystem, and Lombard is the project driving this transformation," said Edward, Managing Partner at HTX Ventures. "Lombard is rapidly expanding to onboard the LBTC token onto major ecosystems and DeFi protocols. This will enable Bitcoin to be lent, borrowed, and traded, unlocking tremendous utility for Bitcoin holders and revitalizing the BTC ecosystem. HTX Ventures is incredibly excited to partner with Lombard to empower Bitcoin holders and the broader BTC ecosystem."
"We are delighted to have HTX Ventures for investing in the development of LBTC as a new core primitive. LBTC will unlock a massive amount of net-new capital into the ecosystem and bring new liquidity and users to DeFi protocols and exchange platforms. HTX Ventures shares Lombard's mission to accelerate on-chain finance and we look forward to building on these synergies to accelerate the growth of LBTC," said Jacob Phillips, Co-founder, Lombard.
LBTC will soon be accessible to all and supported by all chains and DeFi protocols. Join the LBTC Waitlist for exclusive access to LBTC and rewards for early participation.
About Lombard
Named after the historic Lombard Street in London—a hub of financial activity since the Middle Ages—Lombard symbolizes a place where all participants are connected to opportunity. By adopting the Lombard name, we rebuild its legacy on digital blocks, transforming it into a modern nexus of innovation and connectivity.
Founded in April 2024, Lombard is dedicated to unlocking Bitcoin's potential as a dynamic financial tool by connecting it to DeFi. We are a diverse team of DeFi natives, working with technology and infrastructure partners towards a shared, ecosystem-driven mission to collectively onboard Bitcoin to DeFi.
About HTX Ventures
HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.
HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Dragonfly, Bankless Ventures, Gitcoin, Figment, and Animoca. Visit us here.
Contact Details
EE
glo-media@htx-inc.com
Company Website
https://www.htx.com/en-us/ventures
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
HTX Ventures Invests in Lombard to Develop the Bitcoin Restaking Ecosystem
JAKARTA, Indonesia , Sept. 17, 2024 /PRNewswire/ -- Get ready to experience exciting adventures with beloved Pokémon characters at Pikachu's Indonesia Journey, held on September 21 and 22, 2024, at Community Park Pantai Indah Kapuk 2 and PIK Avenue. The event will feature a variety of activities, including the Pokémon Run, Pikachu Night Show with Drones, Pikachu EDM, Pokémon Meet & Greet, Pokémon Photo Spots, Pokémon Kids Carnival, a mall exhibition, and the Special Live Show with Pikachu and Special Artists.
A representative from The Pokémon Company, Corporate Officer Susumu Fukunaga from the Asia Business Division, commented, "We are very excited to see Pikachu's journey in Indonesia, which first began in Bali in March, culminate in the grand finale in Jakarta. This event will be the biggest Pokémon event yet in Indonesia, with a drone show featuring 1,600 drones and live performances by esteemed Indonesian artists and Pikachu. We hope that fans will have a fantastic time with Pokémon and go home with wonderful memories."
Kicking off on September 21, 2024, the festival will begin with the Pokémon GO City Safari, an in-person event that allows fans to encounter wild Pokémon while exploring the lively, exclusively themed Community Park PIK 2.
The event will also feature the Pokémon Run, previously held in three major cities across Indonesia. Jakarta will host the grand finale of this fun run on September 22, 2024, following events in Denpasar, Surabaya, and Yogyakarta. Fans can participate in two categories: a 5 km run and a 3 km family run, with tickets available on various ticketing platforms.
In addition to the Pokémon Run and Pokémon GO City Safari, The Pokémon Company is also presenting the Pikachu's Indonesia Journey, which will include a music festival, the 'Special Live Show with Pikachu and Special Artists.' This show will feature collaborations with several renowned Indonesian musicians, such as Vidi Aldiano, Isyana Sarasvati, and JKT48. Adding to the excitement, there will be an exclusive performance featuring Pikachu alongside the artists.
Apart from the events at Community Park PIK 2, the Pikachu's Indonesia Journey will also host a mall exhibition at PIK Avenue. This exhibition will offer a range of workshops, including Learn & Play Pokémon Trading Card Game, Pikachu Meet & Greet, Pokémon TCG Illustration Exhibition, and a Merchandise Booth starting on September 20th till September 29th, 2024. "To provide Indonesian fans with an opportunity to experience the breadth of Pokémon's entertainment content, The Pokémon Company is hosting mall events such as an Anime Watching Corner and a Trading Card Game workshop. There will also be official merchandise, including for the first time a Pikachu wearing a Flower Pikachu Batik, for a total of 4 different types of Pikachu wearing a Batik shirt. We hope fans will come take a look and go home with their favorite Pikachu," said Susumu Fukunaga, Corporate Officer of The Pokémon Company.
It's important to note that the Pokémon Run and Pokémon GO City Safari are the only paid events at the festival. This event provides two running options: the 5km fun run priced at Rp 280,000 and the 3km family run at Rp 380,000 for two-person tickets (parent and child). For the Pokémon GO City Safari, you will need to pre-register and purchase a ticket for Rp 125,000 to enjoy Pokémon themed around Pokémon Air Adventures, such as Flying Pikachu, Noibat, and Tropius, as well as an exclusive chance to encounter Skiddo. This city-wide adventure invites you to discover vibrant stories, make new friends, and meet exciting Pokémon throughout the city.
In addition to the Safari activities, other events like the Special Live Show featuring Pikachu and special artists, the Pikachu Night Show with drones, Pikachu EDM, Pokémon Meet & Greet, Pokémon photo spots, and the Pokémon Kids Carnival are free for all visitors!
With a wide variety of exciting activities for the whole family, Pikachu's Indonesia Journey is a must-attend event for Pokémon fans of all ages. Pre-register now for the Pokémon Run and invite your friends and family to join Jakarta's largest Pokémon festival.
For more information and registration, visit the official Pokémon website or follow Pokémon Indonesia's official social media channels. Don't miss out on this exciting event!
â– What is The Pokémon Company?
The Pokémon Company was established to manage the Pokémon brand. Currently, the company develops and produces video games, which is where Pokémon originates, as well as trading card games, animated TV series and movies, merchandise, tie-up promotions, events, and the Pokémon Center, directly managed Pokémon shops.
â– What's Pokémon?
Pokémon are fascinating creatures harboring myriad mysteries. Pokémon began with the "Pokémon Red Version" and "Pokémon Green Version" video games launched in Japan in 1996 for the Game Boy platform. Among the factors that have contributed to Pokémon's success are the sheer enjoyment of capturing and raising Pokémon as a collection, and the opportunities Pokémon creates for communication through trading with other players or competing against them. Today, thanks to its amazing expansion into the realms of trading card games, TV anime, film, apps, merch and so much more, Pokémon is a name known and loved all around the world.
â– About Pikachu's Indonesia Journey
Indonesia, country of countless mysteries.
Following the Pokémon Air Adventure project's ideal of bringing people and places closer, Pikachu's Indonesia Journey was created with the goal of making travel through Indonesia even more memorable, by exploring together with Pikachu.
Starting with the new Pikachu Jet GA aircraft connecting Indonesian skies, numerous projects will see Pikachu and friends appearing in various places across Indonesia to create even more unforgettable experiences.
Just like Pikachu discovers Indonesia's countless wonders through its journey, these initiatives are meant as an opportunity for many to experience the marvels Indonesia has to offer, and for more and more people to fall in love with Indonesia and Pokémon.
＜Official Website＞
Pikachu's Indonesia Journey
http://flying-pikachu.com/
＜Official Social Media＞
Instagram: @pokemonofficial.id
https://www.instagram.com/pokemonofficial.id/
＜Copyright and Trademarks＞
©Pokémon. ©Nintendo/Creatures Inc./GAME FREAK inc. TM, ®, and character names are trademarks of Nintendo.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Returning to Indonesia, The Pokémon Company Invites Fans to Enjoy the Exciting Adventure of Pikachu's Indonesia Journey
