{"id":"lorenzo-protocol","title":"Lorenzo Protocol","content":"**Lorenzo Protocol** is an institutional-grade asset management platform specializing in [Bitcoin](https://iq.wiki/wiki/bitcoin) Finance (BTCFi), providing a mechanism for [Bitcoin](https://iq.wiki/wiki/bitcoin) holders to earn yields without giving up custody of their assets. The platform, launched in 2022, offers various financial products using liquid staking derivatives and On-Chain Traded Funds (OTFs) to tokenize complex yield strategies. It was founded by a team of industry professionals including [Matt Ye](https://iq.wiki/wiki/matt-ye), Fan Sang, and Toby Yu. Lorenzo Protocol issues a native governance token called BANK, which facilitates participation in the protocol's ecosystem and decision-making processes. [\\[1\\]](#cite-id-K8TcWPpenBbxRcQu) [\\[2\\]](#cite-id-WbdIlkRYxXALDKo0)​\n\n## History\n\nLorenzo Protocol was founded in 2022 by [Matt Ye](https://iq.wiki/wiki/matt-ye), Fan Sang, and Toby Yu. [Matt Ye](https://iq.wiki/wiki/matt-ye), serving as the CEO, has a background in quantitative trading, having worked at firms like Akuna Capital. [\\[1\\]](#cite-id-K8TcWPpenBbxRcQu) [\\[3\\]](#cite-id-SVTZnfoiwIM8yy3F) [\\[4\\]](#cite-id-nxxGRJGEvMzc901D) Despite conflicting reports about the company's headquarters, it is stated to operate between Atlanta, USA, and Indonesia. Tracxn reports 175 employees as of January 2026, whereas PitchBook cites a smaller team of 29 members. [\\[5\\]](#cite-id-1QZpv2EXD2cYDaVu) [\\[4\\]](#cite-id-nxxGRJGEvMzc901D)​\n\n## Technology & Architecture\n\nThe core of Lorenzo Protocol's offering is the Financial Abstraction Layer (FAL), which enables the creation and management of On-Chain Traded Funds (OTFs). These OTFs are financial products that package together complex yield strategies into a single, tradable token, accessible to both retail and institutional investors. [\\[2\\]](#cite-id-WbdIlkRYxXALDKo0)​\n\nLorenzo Protocol specializes in services focused on [Bitcoin](https://iq.wiki/wiki/bitcoin) Finance (BTCFi). It provides a liquid staking derivative, stBTC, which represents [Bitcoin](https://iq.wiki/wiki/bitcoin) staked through the Babylon protocol. This derivative is redeemable 1:1 with native BTC and accrues additional rewards distributed via Yield Accruing Tokens (YATs). Additionally, enzoBTC is another product offered by Lorenzo, functioning as a wrapped [Bitcoin](https://iq.wiki/wiki/bitcoin) token that is fully collateralized and compatible with over 21 blockchain networks. [\\[6\\]](#cite-id-5XcFVfrJgUGZbHhG) [\\[7\\]](#cite-id-aNCbbj4umC7lP4wJ)​\n\n## Products & Use Cases\n\nThe platform offers a range of products aimed at optimizing yield for [Bitcoin](https://iq.wiki/wiki/bitcoin) holders. Key products include:\n\n* **stBTC:** A liquid staking derivative that allows BTC holders to earn yield without relinquishing control of their holdings. [\\[2\\]](#cite-id-WbdIlkRYxXALDKo0)\n* **enzoBTC:** Provides integration for [Bitcoin](https://iq.wiki/wiki/bitcoin) across decentralized finance (DeFi) applications by wrapping BTC, supported across various blockchain networks. [\\[7\\]](#cite-id-aNCbbj4umC7lP4wJ)\n* **USD1+ OTF:** A tokenized product akin to a money market that aggregates returns from multiple sources including real-world assets and DeFi. [\\[6\\]](#cite-id-5XcFVfrJgUGZbHhG)\n\n## Team & Governance\n\nThe core team of Lorenzo Protocol includes [Matt Ye](https://iq.wiki/wiki/matt-ye) as Co-founder and CEO, Fan Sang as Co-founder and CTO, Toby Yu as Co-founder and CFO, Tad Tobar as COO, and Lith Li as Head of Marketing, with the product led by Rug. [\\[3\\]](#cite-id-SVTZnfoiwIM8yy3F) While the protocol employs a governance mechanism through its BANK token, few specific details about the governance processes are outlined in the available sources.\n\n## Partnerships & Adoption\n\nLorenzo Protocol serves as the official asset management partner of [World](https://iq.wiki/wiki/world) Liberty Financial (WLFI), using WLFI's [USD1](https://iq.wiki/wiki/usd1) stablecoin to power its [USD1](https://iq.wiki/wiki/usd1)+ product. In July 2025, WLFI acquired approximately 1 million incentive program launched jointly with [BNB Chain](https://iq.wiki/wiki/binance-smart-chain), [PancakeSwap](https://iq.wiki/wiki/pancakeswap), and [BUILDon](https://iq.wiki/wiki/buildon); Lorenzo was recognized as the winning project in the program's 'Existing BSC Projects' category.\n\n## Funding & Investors\n\nLorenzo Protocol's funding has come from notable investors including Beacon (AI), 300 DAO, ABCDE Capital, ArkStream Capital, D1 Ventures, SATS Ventures, DHVC, and Symbolic Capital. A funding event was the Initial DEX Offering (IDO) conducted on April 18, 2025, on [Binance](https://iq.wiki/wiki/binance) Wallet, through which Lorenzo Protocol raised over $200,000. [\\[6\\]](#cite-id-5XcFVfrJgUGZbHhG) [\\[1\\]](#cite-id-K8TcWPpenBbxRcQu)​\n\n## BANK Token\n\nThe BANK token serves as a governance and utility token within the Lorenzo Protocol ecosystem. By staking BANK tokens, users receive veBANK, which grants them voting rights and additional ecosystem benefits. As of its last recorded pricing, BANK had a maximum supply of 2.1 billion tokens and had experienced volatility; for example, in July 2026 it surged to an all-time high of nearly $0.27. [\\[1\\]](#cite-id-K8TcWPpenBbxRcQu) [\\[6\\]](#cite-id-5XcFVfrJgUGZbHhG) [\\[7\\]](#cite-id-aNCbbj4umC7lP4wJ)​","summary":"Lorenzo Protocol is an institutional-grade asset management platform specializing in Bitcoin Finance, leveraging liquid staking derivatives and On-Chain Traded Funds for yield without custody loss. Founded in 2022 with a governance token, BANK.","images":[{"id":"QmdDQMpHB4tD5UgDwcH9tAetu4p4fkFjp2Erdc5RwkuHvq","type":"image/jpeg, image/png"}],"categories":[{"id":"projects-and-protocols","title":"projects-and-protocols"}],"tags":[{"id":"DeFi"},{"id":"Infrastructure"},{"id":"Bitcoin"},{"id":"RWA"}],"media":[],"metadata":[{"id":"website","value":"https://lorenzo-protocol.xyz/home"},{"id":"twitter_profile","value":"https://x.com/LorenzoProtocol"},{"id":"telegram_profile","value":"https://t.me/LorenzoProtocol"},{"id":"coinmarketcap_url","value":"https://coinmarketcap.com/currencies/lorenzo-protocol/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/lorenzo-protocol"},{"id":"github_profile","value":"https://github.com/Lorenzo-Protocol/TGE-Token-Bank-Contract"},{"id":"discord_profile","value":"https://discord.com/invite/lorenzoprotocol"},{"id":"medium_profile","value":"https://medium.com/@lorenzoprotocol"},{"id":"bscscan","value":"https://bscscan.com/token/0x3AeE7602b612de36088F3ffEd8c8f10E86EbF2bF"},{"id":"rootdata_profile","value":"https://www.rootdata.com/Projects/detail/Lorenzo Protocol?k=MTE2ODU="},{"id":"linkedin_profile","value":"https://www.linkedin.com/company/lorenzoprotocolxyz/"},{"id":"references","value":"[{\"id\":\"K8TcWPpenBbxRcQu\",\"url\":\"https://lorenzo-protocol.xyz/home\",\"description\":\"Lorenzo Protocol Homepage\",\"timestamp\":1784801833416},{\"id\":\"WbdIlkRYxXALDKo0\",\"url\":\"https://www.rootdata.com/projects/detail/Lorenzo%20Protocol?k%3DMTE2ODU%3D\",\"description\":\"RootData Overview\",\"timestamp\":1784801833416},{\"id\":\"SVTZnfoiwIM8yy3F\",\"url\":\"https://lorenzo-protocol.xyz/team\",\"description\":\"Lorenzo Protocol Team\",\"timestamp\":1784801833416},{\"id\":\"nxxGRJGEvMzc901D\",\"url\":\"https://pitchbook.com/profiles/company/597422-62\",\"description\":\"PitchBook\",\"timestamp\":1784801833416},{\"id\":\"1QZpv2EXD2cYDaVu\",\"url\":\"https://tracxn.com/d/companies/lorenzoprotocol\",\"description\":\"Tracxn\",\"timestamp\":1784801833416},{\"id\":\"5XcFVfrJgUGZbHhG\",\"url\":\"https://coinmarketcap.com/currencies/lorenzo-protocol/\",\"description\":\"CoinMarketCap\",\"timestamp\":1784801833416},{\"id\":\"aNCbbj4umC7lP4wJ\",\"url\":\"https://www.coingecko.com/en/coins/lorenzo-protocol\",\"description\":\"CoinGecko\",\"timestamp\":1784801833416}]"},{"id":"commit-message","value":"\"Added new wiki Lorenzo Protocol\""}],"events":[{"id":"05c89c58-abce-4b63-a17d-62d8a125d163","date":"2022-01-01","title":"Lorenzo Protocol Founded","type":"CREATED","description":"Lorenzo Protocol was founded focusing on on-chain asset management and Bitcoin Finance.","link":null,"continent":"NORTH AMERICA","country":"United States"},{"id":"3118a423-95b9-43af-b9b2-35ab5fec6ee7","date":"2025-04-01","title":"BANK IDO on Binance Wallet","type":"DEFAULT","description":"Conducted a BANK IDO on Binance Wallet, raising just over $200,000.","link":"https://coinlaunch.com/bank-ido","continent":"NORTH AMERICA","country":"United States"}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"operator":{"id":"0x04e4a72e18b46EC55Ba1361CEFcEF0404b520f47"},"language":"en","version":1,"linkedWikis":{"blockchains":["bitcoin"],"founders":[],"speakers":[]}}