RGB Protocol launched on the Bitcoin mainnet, allowing tokenized assets like stablecoins and NFTs. It offers tokenization tools for digital assets on Bitcoin and Lightning Network. The protocol enables new tokenization functions while maintaining decentralization and privacy. RGB uses client-side validation to process assets offchain and anchor proofs to Bitcoin transactions. Tether’s USDT will be the first use case for RGB, enabling fast and cheap transfers directly on Bitcoin via the Lightning Network. Existing RGB projects plan to integrate USDT once available, with Lightning-based atomic swaps for decentralized trading functionalities. RGB allows building DeFi logic on Bitcoin, leveraging its VM possibilities for compatibility with Ethereum and Solana. The protocol’s advantage lies in being directly on Bitcoin, ensuring security and privacy through client-side validation. Prominent crypto organizations formed the RGB Protocol Association to support and promote RGB development and adoption through grants, sponsorships, and educational initiatives. The association includes Bitfinex, Plan B Network, ThunderStack, and other key members to drive innovation for Bitcoin.

Read more at Cointelegraph: RGB Protocol Launches on Bitcoin With Tokenized Asset Support