Lightning Labs has announced the launch of Taproot Assets on the Bitcoin mainnet, introducing tokenized asset capabilities to the network. This release allows for the issuance, management, and exploration of stablecoins and other assets on the Bitcoin blockchain. Taproot Assets is expected to enable the issuance of various global currencies, with transactions settled instantly over the Lightning Network. The protocol’s design allows for the routing of Taproot Assets transactions through the existing Bitcoin liquidity, expanding the network’s global reach while maintaining its security foundation. Developers are also exploring the possibility of placing real-world assets such as gold, US Treasuries, and corporate bonds on-chain. The Taproot Assets protocol aims to transform the Lightning Network into a multi-asset platform, with steps already taken towards this goal. The protocol’s promise of enabling users to send and receive their chosen currency over the Lightning Network using Bitcoin liquidity has the potential to disrupt global monetary transactions.

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Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	1
People	Ryan Gentry
Companies	Bitcoin Lightning Improvement Proposal (bLIP), Taproot Assets, Lightning Labs, Bitcoin (BTC) blockchain, Lightning Network
Currencies	Bitcoin
Securities	None