Jacob Phillips began his entry into crypto with an interest in finance and technology, leading him to a crypto fund in Cleveland during the 2018 boom. This experience deepened his understanding of blockchain and its long-term potential as major institutions and VCs entered the space.
In the heart of Cleveland, Ohio, during the 2018 crypto boom, Jacob Phillips found himself drawn to the intersection of finance and technology, leading him to a crypto fund. This experience immersed him in the world of blockchain, sparking an interest in its potential as major institutions and VCs began entering the scene. This interest eventually led him to Polychain, where he had the opportunity to work with some of the best investors in crypto to evaluate projects and navigate the explosive growth of DeFi.
Having a hand in investments like BadgerDAO, which aimed to bring Bitcoin into decentralized finance, he realized there were structural limitations that needed to be addressed. This insight, in part, led him to co-found Lombard in 2024, where they focused on Bitcoin liquidity and staking solutions. While Ethereum and Solana rapidly iterated on DeFi, Bitcoin lacked a strong developer ecosystem—but Jacob saw this changing with new projects like Babylon and EigenLayer.
In this Blockcast episode, Jacob discusses how Lombard's core mission is to enable secure, permissionless Bitcoin staking and liquidity through its liquid staking token, LBTC. He also touches upon the challenge of trustless Bitcoin DeFi and the importance of balancing decentralization with institutional security.
Lombard began by onboarding DeFi-native users before expanding to institutional players, ensuring credibility and capital strength.
Blockcast is hosted by Head of APAC at Ledger, Takatoshi Shibayama. Previous episodes of Blockcast can be found on Podpage, with guests like Samar Sen (Talos), Jason Choi (Tangent), Lasanka Perera (Independent Reserve), Mark Rydon (Aethir), Peter Hui (Moongate), Luca Prosperi (M^0), Charles Hoskinson (Cardano), Aneirin Flynn (Failsafe), and Yat Siu (Animoca Brands) on our most recent shows.
Listen to the interview here:
https://podpage.com/blockcast/
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