Lombard Systems' pre-seed and seed funding rounds totaled $4 million.

on November 6, according to an announcement from Lombard Systems, the company raised a combined $4 million in pre-seed and seed rounds led by Ethereal Ventures, with participation from Alps Capital, First Commit Capital, Veris Ventures, Atka, among others.

Lombard Systems, formerly known as SemiLiquid/PCP, developed the Delivery-versus-Lock standard designed to allow institutions to borrow against tokenized assets without transferring them out of their original securities accounts. The company stated that the funding will be used to advance legal opinions across multiple jurisdictions, institutional integrations, and team expansion.