Fulgur Ventures and Tether invest in a company dedicated to RGB development
In December 2024, Fulgur Ventures and Tether announced a joint investment in a company dedicated to building infrastructure for RGB Protocol on Bitcoin. The round signaled two things at once: that the Lightning-focused investment community saw RGB as the most credible path to Bitcoin-native digital assets, and that Tether was placing a concrete bet on RGB infrastructure well before any public announcement about USDt on Bitcoin.
Fulgur Ventures has been one of the most active investors in the Lightning Network ecosystem since its early days. Their decision to co-invest with Tether specifically in RGB-focused infrastructure reflects a thesis that Lightning’s next phase of growth will be driven by asset issuance, and that RGB Protocol on Bitcoin is the production-ready foundation for it.
The investment preceded the mainnet launch of RGB Protocol on Bitcoin v0.11.1 by approximately seven months, and the formal Tether USDt announcement by roughly eight months, indicating both investors had early visibility into the protocol’s maturity and production readiness.
