ThunderStack attracts investments to facilitate the development of applications on the RGB protocol.
ThunderStack, a company specializing in RGB & Lightning Network infrastructure, has secured a funding round from various industry players, including Tether Investments, Fulgur Ventures, and Astroid Venture Studio. The investment amount has not been disclosed.
The funding will be used to develop infrastructure for RGB, a protocol on Bitcoin that leverages the Lightning Network. RGB enables the implementation of smart contracts, stablecoins, and tokens while maintaining high levels of privacy and security.
A distinctive feature of RGB is its use of the client-side validation model, as explained by Renat Skitsan, CEO of ThunderStack:
“RGB enables Bitcoin-native, Turing-complete smart contracts with even better privacy than Bitcoin itself, all without altering the protocol or requiring a hard fork.”
ThunderStack has already partnered with Bitfinex, Kaleidoswap, and Tribe Wallet to test RGB-based solutions. Starting today, the company is opening access to its services on testnet, allowing developers to experiment with the RGB cloud service and compatible Lightning nodes.
Back in 2023, Paolo Ardoino, CEO of Tether, identified RGB as one of the most promising solutions for stablecoin implementation on Bitcoin. The protocol, under development since 2019, is expected to debut on mainnet next year.
