Lombard Systems Secures $4 Million to Standardize Financing for Tokenized Assets
Lombard Systems (formerly SemiLiquid/PCP) has raised $4 million in pre-seed and seed funding rounds led by Ethereal Ventures. The capital will be used to accelerate the adoption of its Delivery-versus-Lock (DvL) standard, which allows institutions to use tokenized assets as collateral without transferring them from existing securities accounts. The DvL standard addresses a critical gap in the growing tokenization market: while asset settlement has accelerated, financing infrastructure remains outdated. By providing a legally enforceable security interest via cryptographically signed Credit Receipts, Lombard Systems enables lenders to secure interests while borrowers retain beneficial ownership and custody of their assets. The company plans to expand its legal framework across multiple jurisdictions, including the U.S. and UK, with first institutional deployments expected by the end of 2026. The full DvL standard is slated for publication in Q1 2027.
Topics: digital assets fintech securities settlement tokenization venture capital