Trust Machines

About

Trust Machines is a Bitcoin-centric tech firm that designs applications, infrastructures, and platform technologies to facilitate unlocking the capabilities of the Bitcoin network. Its objective is to enable the evolution of Bitcoin DeFi, Web3 infrastructures, BTC staking, digital assets, and new-age financial services. Trust Machines operates on a layer-agnostic basis, leveraging various layers of Bitcoin, such as Stacks and other Bitcoin scaling solutions, to expand the economy of Bitcoin and enhance its real-world applications and usage in its blockchain. Established by Muneeb Ali and J.P. Singh, the company has created various products to make Bitcoin more accessible, programmable, and practical for everyone. Key Features of Trust Machines: • Operates through multiple layers and technologies of Bitcoin to provide a diverse array of Bitcoin applications. • Facilitates Web3 functionality on Bitcoin with smart contract platforms and other related technologies. • Leverages Stacks and other layers of Bitcoin to create smart contract capabilities, decentralized applications, and more. • Creates innovative products to assist in accessing Bitcoin native assets, Ordinals, Stacks assets, and other Bitcoin applications. Trust Machines Milestones: Year Key Achievements 2021 Trust Machines was founded in late 2021 by Dr. Muneeb Ali, co-founder of Stacks, and computer science professor JP Singh. The company was established with a mission to expand Bitcoin’s role beyond a store of value by enabling programmable applications, Bitcoin Layer-2 platforms, and smart contract functionality. 2022 In February 2022, Trust Machines officially emerged from stealth mode and raised a $150 million seed funding round. The funding round attracted investors such as Breyer Capital, Digital Currency Group (DCG), Union Square Ventures, and GoldenTree. The company began research and development across Bitcoin infrastructure technologies, including Stacks, the Lightning Network, and Discrete Log Contracts (DLCs). 2023 In August 2023, Trust Machines acquired and expanded the Hiro Wallet development framework, rebranding it as Leather Wallet. Leather Wallet was positioned as a self-custody platform for Bitcoin assets, Stacks Layer-2 tokens, Ordinals, and BRC-20 collectibles. The company also incubated Bitcoin capital market solutions such as Zest Protocol to support on-chain BTC lending. 2024 In March 2024, Trust Machines partnered with Tucows and Hiro Systems to launch Orange Domains (.locker), connecting traditional DNS infrastructure with Bitcoin-based Web3 identities. Leather Wallet introduced UTXO protection mechanisms designed to help users avoid accidentally burning rare Ordinals or Runes. The company expanded integrations with Bitcoin DeFi ecosystems, including ALEX and Velar. 2025 Trust Machines launched Granite, a liquidity protocol that enables users to borrow stablecoins against native BTC collateral. Leather Wallet expanded its mobile capabilities to support the Nakamoto and sBTC upgrades within the Stacks ecosystem.

Team (1)

• muneeb aliCo-Founder

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