Bitwise 和 Lombard 銳意進取：解鎖比特幣的機構收益

Bitwise 和 Lombard 合作釋放比特幣的機構收益，徹底改變數位資產在託管期間產生回報的方式。

Bitwise Partners with Lombard to Revolutionize Institutional Bitcoin Yield

Bitwise 與 Lombard 合作徹底改變機構比特幣收益率

In a move that signals a significant evolution in the institutional digital asset space, Bitwise Asset Management has joined Lombard as the first strategic yield partner for its innovative Bitcoin Smart Accounts ecosystem. This collaboration is poised to unlock an estimated $500 billion in currently custodied Bitcoin, enabling it to generate yield without the need for asset transfers or alterations to existing custodial arrangements. Scheduled for a Q2 2026 launch, Bitcoin Smart Accounts will empower high-net-worth individuals, institutional asset managers, and corporate treasuries to earn yield or borrow against their BTC holdings, all while maintaining complete control over their assets.

Bitwise Asset Management 已加入 Lombard，成為其創新的比特幣智慧帳戶生態系統的首個策略性收益合作夥伴，此舉標誌著機構數位資產領域的重大演變。此次合作預計將釋放目前託管的價值約 5,000 億美元的比特幣，使其無需進行資產轉移或改變現有託管安排即可產生收益。比特幣智慧帳戶計畫於 2026 年第二季推出，將使高淨值人士、機構資產管理公司和企業財務部門能夠賺取收益或以其持有的 BTC 進行借貸，同時保持對其資產的完全控制。

Bridging Custody and Productive Deployment

連接託管和生產部署

Traditionally, institutions holding Bitcoin faced a limited set of options when seeking liquidity: exiting custody, utilizing opaque over-the-counter (OTC) lending channels, or outright selling assets. Each of these paths carried inherent risks, costs, or the potential for lost upside. Lombard's Smart Accounts elegantly sidestep these challenges. By leveraging custodian-integrated infrastructure, these accounts can recognize Bitcoin positions as collateral through cryptographic receipts (BTC.b), effectively allowing Bitcoin to work for its owners while remaining securely in place. Bitwise will contribute its expertise by providing institutional-grade yield strategies, integrating decentralized finance (DeFi) lending with carefully curated real-world asset portfolios. Morpho will further enhance this by facilitating stablecoin liquidity for borrowing products.

傳統上，持有比特幣的機構在尋求流動性時面臨有限的選擇：退出託管、利用不透明的場外（OTC）借貸管道或直接出售資產。每一條路徑都帶有固有的風險、成本或潛在的上漲空間損失。 Lombard 的智慧帳戶巧妙地迴避了這些挑戰。透過利用託管整合基礎設施，這些帳戶可以透過加密收據（BTC.b）將比特幣部位識別為抵押品，從而有效地允許比特幣為其所有者工作，同時保持安全。 Bitwise 將透過提供機構級收益策略、將去中心化金融 (DeFi) 貸款與精心策劃的現實世界資產組合相結合來貢獻其專業知識。 Morpho 將透過促進借貸產品的穩定幣流動性來進一步增強這一點。

A Milestone for Institutional Bitcoin Adoption

機構採用比特幣的里程碑

Jacob Phillips, co-founder of Lombard, emphasized the critical nature of this institutional embrace: "Following the February introduction of Bitcoin Smart Accounts, we’ve observed substantial demand for solutions that enable productive Bitcoin deployment while preserving existing custody. Bitwise brings the credibility and capabilities required to serve this market at scale." Hunter Horsley, CEO of Bitwise, echoed this sentiment, calling the partnership a milestone. "We’re seeing growing demand for strategies that generate returns while preserving Bitcoin’s core properties," Horsley stated. "This partnership helps shape an ecosystem where BTC can function as productive, yield-generating capital while maintaining security and compliance standards." Horsley also noted that recent market fluctuations, with Bitcoin trading below $70,000, are being viewed by larger investors not with caution, but as a prime opportunity for accumulation, a perspective that differs from some retail traders.

Lombard 聯合創始人 Jacob Phillips 強調了這種機構擁抱的關鍵性質：「繼 2 月推出比特幣智能帳戶之後，我們觀察到對能夠在保留現有託管的同時實現高效比特幣部署的解決方案的巨大需求。Bitwise 帶來了大規模服務該市場所需的可信度和能力。」Kirwise 首席執行官 Hunter Horsley 也表達了同樣的里程碑，稱該市場所需的可信度和能力。」Kirwise 首席執行官 Hunter Horsley 也表達了同樣的里程碑，稱該市場所需的可信度和能力。霍斯利表示：「我們看到對既能產生回報又能保留比特幣核心屬性的策略的需求不斷增長。」 「這種合作關係有助於塑造一個生態系統，使比特幣可以作為生產性、產生收益的資本，同時保持安全性和合規性標準。」Horsley 還指出，近期比特幣交易價格低於 70,000 美元的市場波動

Expanding Horizons and Future Potential

拓展視野與未來潛力

The architectural design of this collaboration is built for scalability. As more custodians and protocols integrate, the utility of the system is expected to grow exponentially, fostering network effects similar to those seen with established financial systems like ACH or SWIFT over decades. Lombard intends to broaden its custodian partnerships and whitelist protocol integrations throughout 2026, with the ambitious goal of mobilizing hundreds of billions in institutionally held Bitcoin into productive on-chain capital. While other entities like Strategy (MSTR) are actively increasing their Bitcoin treasuries through significant fundraising, this partnership with Bitwise and Lombard focuses on unlocking the yield potential of existing institutional holdings, a distinct yet complementary development in the burgeoning Bitcoin landscape.

此次合作的架構設計是為了可擴展性而建構的。隨著越來越多的託管機構和協議的整合，該系統的效用預計將呈指數級增長，從而形成類似於 ACH 或 SWIFT 等成熟金融系統幾十年來所見的網路效應。 Lombard 計劃在 2026 年擴大其託管合作夥伴關係和白名單協議集成，其雄心勃勃的目標是將機構持有的數千億比特幣轉化為生產性鏈上資本。雖然 Strategy (MSTR) 等其他實體正在透過大量籌款積極增加其比特幣金庫，但與 Bitwise 和 Lombard 的合作重點是釋放現有機構持有的收益潛力，這是蓬勃發展的比特幣領域的一個獨特但互補的發展。

So, the next time you hear about Bitcoin, remember it's not just about holding; it's about making your assets work smarter. Cheers to innovation!

因此，下次當您聽到比特幣時，請記住，這不僅僅是持有；而是關於比特幣。這是為了讓您的資產更聰明地運作。為創新乾杯！