Lombard Systems announced $4 million in pre-seed and seed funding on November 5 to expand Delivery-versus-Lock, a proposed standard for using tokenized assets as loan collateral. The funding is not evidence that the standard is widely adopted or that its risk and cost savings have been proven across jurisdictions.
The company says its first institutional deployment is expected by the end of 2026. It plans legal analysis in the United States, England and Wales, and other jurisdictions because locking a token alone does not establish the priority or enforceability of a lender’s claim.
