# Lombard Systems, Formerly SemiLiquid, Raises $4 Million in Seed Round

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/50932
Published: 2026-11-07T16:29:00.000Z
Updated: 2026-11-07T16:29:00.000Z
Section: Business

> Ethereal Ventures led the financing. Lombard Systems maintains the DvL standard for using tokenized securities and digital assets as collateral while they stay in securities accounts.

Lombard Systems has raised a $4 million seed round as it offers institutions a way to use tokenized securities and digital assets as collateral without moving them from securities accounts.

Ethereal Ventures led the financing. ALPS Capital, First Commit, Veris Ventures and ATKA also participated. The company was previously known as SemiLiquid.

Lombard Systems maintains the DvL standard. It lets banks, brokers and transfer agents accept tokenized securities and digital assets as collateral while the assets remain locked in existing securities accounts under their owners’ names. A cryptographically signed credit credential documents the lender’s enforceable security interest.