BitMask One · For whales and institutions
Compliant issuance and distribution for private assets, native to Bitcoin.
BitMask One is the issuance and distribution rail for tokenized assets on Bitcoin. We give banks, institutions, sovereign states, and large holders the encrypted privacy real finance requires and the compliance controls regulators demand, on the most trusted settlement network in the world.
Every major chain has an issuer. Bitcoin does not.
Ethereum has its issuance rails. Solana has its own. Bitcoin, the most decentralized and trusted settlement network in the world, has had no compliant, vertically integrated issuance and distribution layer. That is the gap BitMask One is built to close.
What we do
One rail, from issuance to on-chain utility.
BitMask One occupies the layers of the tokenization stack that carry the highest and most durable margins: issuance, distribution, compliance, and custody. We run them as a single control plane on Bitcoin.
Issuance
Structure and mint tokenized assets directly against Bitcoin: stablecoins, treasuries, private credit, funds, and CLO tranches, issued where the collateral already sits.
Distribution
Place assets with qualified investors and institutions, with whitelisting and transfer rules enforced at the asset level rather than bolted on afterward.
Compliance and transfer agency
An issuer control plane to whitelist, freeze, and enforce transfer rules, backed by an auditable register. The controls modern regulation requires, built into the protocol.
On-chain utility and custody
Assets that move and settle with Bitcoin finality over RGB, with Lightning on the way, custodied through BitMask wallet infrastructure and usable on-chain.
Encrypted privacy
Private by design. Compliant by construction.
Institutions do not want their books broadcast to the world. On most chains, asset type, amount, and counterparty are public by default. BitMask One issues over RGB, where asset data and transaction detail are validated client-side and never published on-chain. Only a cryptographic commitment anchors to Bitcoin.
Private assets that are fully compliant, not one at the expense of the other.
Confidential by design
Asset type, amount, and counterparty stay off-chain. The public ledger sees a commitment, not your book.
Issuer control built in
Whitelist, freeze, and enforce transfer rules at the asset level, directly in the protocol schema. No separate smart contract required.
Auditable when it must be
Selective disclosure to regulators, auditors, and counterparties, on your terms rather than the whole market's.
Why Bitcoin, why RGB
Bitcoin is the settlement layer. RGB is how you tokenize on it without compromising it.
Every other platform picked a chain built for smart contracts and bent it toward compliance after the fact. RGB inverts that. It was built to let institutions issue, control, and settle assets on the one network that was never meant to be reprogrammed underneath them. The standard is stewarded by the RGB Protocol Association. How RGB works
Bitcoin stays Bitcoin
RGB validates state and executes contracts client-side, anchoring only a commitment to a Bitcoin UTXO. Tokenizing adds no bloat and no attack surface.
Confidential by default
The privacy traditional finance assumes, native rather than bolted on. Issuers of CLOs or stablecoins keep their books off the public ledger.
Control at the asset level
RGB's issuer schema enforces whitelisting, freezes, and transfer rules directly: the exact control plane compliant issuance requires.
No bridging, no new trust
Assets issue against Bitcoin UTXOs and settle with Bitcoin's finality, the deepest security budget in the asset class. No wrapping into a separate validator set.
The opportunity
Tokenization has crossed from pilot to production.
The fee pools are forming now, and they concentrate in issuance, distribution, and compliance, the layers BitMask One is built to occupy, on the one major chain still without a compliant issuer.
Figures compiled from public reporting (RWA.xyz, CoinGecko RWA Report 2026, BCG, Standard Chartered). Trackers use differing methodologies; figures are directional and the trend is consistent across sources.
Built for
Partners who move serious capital.
Individuals get the same rails in BitMask Zero, the self-custodial wallet, coming soon.
Banks
Issue and service tokenized deposits, funds, and credit with bank-grade privacy and a compliant register from day one.
Institutions
Asset managers and originators tokenizing treasuries, private credit, and CLO tranches, natively against Bitcoin collateral.
Sovereign states
Issue sovereign instruments and regulated stablecoins on the most neutral, durable settlement network in the world.
Whales
Hold and move size in stablecoins and tokenized assets on Bitcoin, with the privacy a public ledger cannot offer.
Track record
We are not new to this.
We have been one of RGB's protocol dev leaders since 2021, backed early by Tim Draper when RGB was still obscure. In August 2025 Tether announced it will issue USDT natively on Bitcoin through RGB. The direction we have built toward for five years is now the direction the market is taking. Read our story.
Backed by
We are building the plumbing for the next generation of global finance, natively on Bitcoin.
Start a conversationInformational overview of BitMask One. Not an offer, solicitation, or recommendation to buy any security or asset. Market figures are drawn from public sources and are directional.