Bitwise 和 Lombard 锐意进取：解锁比特币的机构收益

Bitwise 和 Lombard 合作释放比特币的机构收益，彻底改变数字资产在托管期间产生回报的方式。

Bitwise Partners with Lombard to Revolutionize Institutional Bitcoin Yield

Bitwise 与 Lombard 合作彻底改变机构比特币收益率

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，成为其创新的比特币智能账户生态系统的首个战略收益合作伙伴，此举标志着机构数字资产领域的重大演变。此次合作有望释放目前托管的价值约 5000 亿美元的比特币，使其无需进行资产转移或改变现有托管安排即可产生收益。比特币智能账户计划于 2026 年第二季度推出，将使高净值个人、机构资产管理公司和企业财务部门能够赚取收益或以其持有的 BTC 进行借贷，同时保持对其资产的完全控制。

Bridging Custody and Productive Deployment

连接托管和生产部署

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.

传统上，持有比特币的机构在寻求流动性时面临着有限的选择：退出托管、利用不透明的场外（OTC）借贷渠道或直接出售资产。每一条路径都带有固有的风险、成本或潜在的上涨空间损失。 Lombard 的智能账户巧妙地回避了这些挑战。通过利用托管集成基础设施，这些账户可以通过加密收据（BTC.b）将比特币头寸识别为抵押品，从而有效地允许比特币为其所有者工作，同时保持安全。 Bitwise 将通过提供机构级收益策略、将去中心化金融 (DeFi) 贷款与精心策划的现实世界资产组合相结合来贡献其专业知识。 Morpho 将通过促进借贷产品的稳定币流动性来进一步增强这一点。

A Milestone for Institutional Bitcoin Adoption

机构采用比特币的里程碑

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 联合创始人 Jacob Phillips 强调了这种机构拥抱的关键性质：“继 2 月份推出比特币智能账户之后，我们观察到对能够在保留现有托管的同时实现高效比特币部署的解决方案的巨大需求。Bitwise 带来了大规模服务该市场所需的可信度和能力。” Bitwise 首席执行官 Hunter Horsley 也表达了同样的观点，称此次合作是一个里程碑。霍斯利表示：“我们看到对既能产生回报又能保留比特币核心属性的策略的需求不断增长。” “这种合作关系有助于塑造一个生态系统，使比特币可以作为生产性、产生收益的资本，同时保持安全性和合规性标准。” Horsley 还指出，近期比特币交易价格低于 70,000 美元的市场波动被大投资者视为积累的主要机会，而不是谨慎看待，这一观点与一些散户交易者不同。

Expanding Horizons and Future Potential

拓展视野和未来潜力

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.

此次合作的架构设计是为了可扩展性而构建的。随着越来越多的托管机构和协议的整合，该系统的效用预计将呈指数级增长，从而形成类似于 ACH 或 SWIFT 等成熟金融系统几十年来所见的网络效应。 Lombard 计划在 2026 年扩大其托管合作伙伴关系和白名单协议集成，其雄心勃勃的目标是将机构持有的数千亿比特币转化为生产性链上资本。虽然 Strategy (MSTR) 等其他实体正在通过大量筹款积极增加其比特币金库，但与 Bitwise 和 Lombard 的合作重点是释放现有机构持有的收益潜力，这是蓬勃发展的比特币领域的一个独特但互补的发展。

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，下次当您听说比特币时，请记住，这不仅仅是持有；而是关于比特币。这是为了让您的资产更智能地运作。为创新干杯！