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Trust Machines will build the applications and underlying technology for Bitcoin as a final settlement layer. Trust Machines will build upon the success of Stacks, a programming layer for Bitcoin. The Stacks mainnet launch was a major unlock toward making Bitcoin programmable. The team will expand on this programming layer and will build applications that make Bitcoin productive, e.g., trustless Bitcoin lending. Mission is to build the largest ecosystem of Bitcoin applications and grow the Bitcoin economy.
Trust Machines—launched by Stacks founder Muneeb Ali and a Princeton University Computer Science professor JP Singh—has raised $150 million to build an ecosystem of applications designed to "unlock the potential of Bitcoin" for Web3
Trust Machines’ goal is to create the largest ecosystem of Bitcoin apps and grow the Bitcoin economy.
The funding round features investors like Breyer Capital, Digital Currency Group, GoldenTree, and Union Square Ventures.
We believe that Bitcoin can be more than a store of value; it can also be the settlement layer and platform for Web3
Jim Breyer, founder and CEO of Breyer Capital.