About Trust Machines
Trust Machines develops applications and infrastructure to enhance the value of the Bitcoin network. They utilize various Bitcoin layers, such as Stacks and Lightning, to create products like a Bitcoin web wallet and BTC lending apps, aimed at mainstream users. By tapping into the significant amount of idle Bitcoin capital, they aim to unlock new decentralized applications and functionalities. The company's goal is to help Bitcoin reach a billion users by maximizing its utility and accessibility.
None, NoneHeadquarters
2022Year Founded
$145.9MTotal Funding
EARLY_VCCompany Stage
Fintech, Crypto & Web3Industries
11-50Employees
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
Risks
Emerging competition from Zest Protocol challenges Trust Machines' BTC lending apps.
Nascent state of Bitcoin DeFi may hinder traction for Trust Machines' applications.
Division on BRC-20 integration could impact Trust Machines' wallet brand, Leather.
Differentiation
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.
Upsides
Bitcoin Ordinals and BRC-20 tokens offer new opportunities for fungible token standards.
Hiro's subnets enhance scalability for Trust Machines' Bitcoin applications.
Growing interest in Bitcoin DeFi presents a burgeoning market for Trust Machines.
Funding
Total raised$145.91 M
Latest valuation$750.00 M
StageEARLY_VC