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BTC.b is Lombard’s decentralized, non-custodial Bitcoin wrapper, designed for use in DeFi without an exchange custodian. The token is bridged into multiple chains and serves as a more permissionless complement to Lombard’s flagship LBTC restaking product.
The distinguishing pitch versus exchange-issued wrappers is the trust-minimized custody design; BARD is the governance token across Lombard’s products.