Trust Machines

Trust Machines

Develops applications and infrastructure for Bitcoin

About Trust Machines

Simplify's Rating
Why Trust Machines is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Fintech

Crypto & Web3

Company Size

11-50

Company Stage

Early VC

Total Funding

$150M

Headquarters

null

Founded

2022

Overview

Trust Machines operates within the Bitcoin network to enhance its value by creating a wide range of applications. The company utilizes various Bitcoin layers, including Stacks, Lightning, and DLCs, and is open to exploring additional tools. The team consists of engineers, builders, researchers, and operators focused on expanding the Bitcoin economy. By leveraging Bitcoin layers, Trust Machines aims to scale transactions and introduce new functionalities, such as privacy and diverse use cases, ultimately striving to reach a billion users. They are tapping into the significant amount of idle Bitcoin capital, estimated at $400 billion, to develop decentralized applications. Their product offerings include a Bitcoin web wallet and BTC lending apps, along with contributions to the underlying infrastructure necessary for Bitcoin and its layers. Trust Machines seeks to unlock the secure and trustless benefits of Bitcoin while fostering innovation in decentralized applications.

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Simplify's Take

What believers are saying

  • Integration of Bitcoin Ordinals and BRC-20 tokens enhances Bitcoin app functionality.
  • Recent funding rounds highlight strong investor interest in Bitcoin lending solutions.
  • Interoperability trends, like OKX and UniSat Wallet integration, improve user experience.

What critics are saying

  • Asigna's smart multisig vaults could increase competition for Trust Machines' applications.
  • Zest Protocol's focus on Bitcoin lending may attract BTC holders away from Trust Machines.
  • Velar's perpetual swaps exchange could shift interest from Trust Machines' offerings.

What makes Trust Machines unique

  • Trust Machines leverages Bitcoin layers like Stacks, Lightning, and DLCs for scalability.
  • The company focuses on unlocking $400B of idle BTC capital for decentralized apps.
  • Trust Machines develops end-user products like Bitcoin web wallets and BTC lending apps.

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Funding

Total Funding

$150M

Above

Industry Average

Funded Over

1 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

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

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 0%
Investors Hangout
May 27th, 2025
Asigna Secures $3M, Launches v2 Upgrade

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.

Zest Protocol
May 15th, 2024
Zest Protocol raises $3.5m Seed Round led by Draper Associates

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.

CoinDesk
Feb 1st, 2024
Crypto Startup Velar Plans Perpetual Swaps Exchange for Bitcoin DeFi After Raising $3.5M

"Bitcoin DeFi is just too nascent right now," CEO Mithil Thakore said. But that's beginning to change.

Cointelegraph
Jan 25th, 2024
Wallet providers remain divided on BRC-20 integration despite popularity

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.

Blockworks
Dec 30th, 2023
Crypto hiring: Former Meta senior engineer joins Web3 chat network

Sabir Alizada left WhatsApp to become engineering lead at Trust Machines.

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