Lombard Systems raises $4 million in pre-seed and seed rounds

TechFlow reported on November 6 that, according to a Lombard Systems announcement, the company raised a total of $4 million across its pre-seed and seed rounds, led by Ethereal Ventures, with participation from Alps Capital, First Commit Capital, Veris Ventures, Atka, and others.

Lombard Systems, formerly SemiLiquid/PCP, developed the Delivery-versus-Lock standard, which aims to enable institutions to secure financing using tokenized assets as collateral without transferring assets out of their existing securities accounts. The company said the funding will be used to advance legal opinions across multiple jurisdictions, institutional integrations, and team expansion.

Source: TechFlow