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Overview
Trust Machines builds applications and infrastructure on Bitcoin to expand its ecosystem and value. It develops end-user products like a Bitcoin web wallet and BTC lending apps, and also contributes to underlying infrastructure for Bitcoin layers. The company leverages layers such as Stacks, Lightning, and DLCs to scale Bitcoin and add features like privacy and new use cases. By unlocking idle BTC capital (around $400B) and creating decentralized apps, Trust Machines aims to grow the Bitcoin economy and reach a billion users, using Bitcoin as a secure, final settlement layer for a wide range of use cases.
About Trust Machines
Industries
Fintech
Crypto & Web3
Financial Services
Company Size
11-50
Company Stage
Early VC
Total Funding
$150M
Headquarters
null
Founded
2022
Simplify's Take
What believers are saying
- Zest Protocol seed round validates Bitcoin lending market; Trust Machines positioned as investor.
- Sabir Alizada from Meta WhatsApp strengthens engineering for wallet and DeFi development.
- Leather wallet supports BTC, STX, BRC-20, Ordinals across Chrome, Firefox, Brave, Edge.
What critics are saying
- Zest Protocol's superior on-chain lending directly competes with Granite, attracting BTC holders.
- Bitcoin-native wallets UniSat and Xverse capture Ordinals market share from Leather.
- Regulatory crackdown on Bitcoin DeFi lending mirrors EU MiCA enforcement against unhosted wallets.
What makes Trust Machines unique
- Bitcoin layer-agnostic builder using Stacks, Lightning, DLCs for ecosystem scale.
- End-user products like Leather wallet and Granite lending unlock idle $400B BTC capital.
- Co-founded by Muneeb Ali, Stacks creator, with infrastructure expertise for Bitcoin economy.
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Funding
Total Funding
$150M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Remote Work Options
Unlimited Paid Time Off
Parental Leave
Gym Membership
Phone/Internet Stipend
Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Growth & Insights and Company News
6 month growth
↓ -4%1 year growth
↑ 5%2 year growth
↑ 5%Asigna has secured $3 million in funding led by Hivemind Capital and Tykhe Block Ventures, with contributions from Sats Ventures and others. The funding supports the launch of Asigna's v2 upgrade, enhancing its smart multisig vaults for Bitcoin. The upgrade introduces Embedded Apps, a customizable dashboard, and SDKs for improved integration. Asigna's technology operates natively on the Bitcoin layer, ensuring security and user control without smart contract risks.
GEORGE TOWN, CAYMAN ISLANDS – Zest Protocol is a lending protocol built for Bitcoin. Their mission is to redefine Bitcoin lending by enabling every BTC holder to deploy their assets in on-chain lending markets. Today Zest Protocol announces its $3.5M Seed raise led by Bitcoin Veteran Tim Draper’s Draper Associates with participation from Binance Labs, Flow Traders, Trust Machines, Asymmetric, Bitcoin Frontier Fund, Gravity Fund, Primal Capital, Hyperithm, Miton Crypto, Tykhe Block Ventures, Elixir Capital and more.
"Bitcoin DeFi is just too nascent right now," CEO Mithil Thakore said. But that's beginning to change.
Expanding the idea in conjunction with Bitcoin Ordinals, which allows the minting of fungible tokens on the Bitcoin blockchain, fellow developer Domo created the BRC-20 token standard in March 2023.
Sabir Alizada left WhatsApp to become engineering lead at Trust Machines.
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About Trust Machines
Industries
Fintech
Crypto & Web3
Financial Services
Company Size
11-50
Company Stage
Early VC
Total Funding
$150M
Headquarters
null
Founded
2022
There are no jobs for Trust Machines right now.
Find jobs on Simplify and start your career today