Trust Machines - About the company
Trust Machines is a series D company based in New York City (United States), founded in 2021. It operates as a Developer of applications and protocols for the bitcoin ecosystem network. Trust Machines has raised $150M in funding. The company has 486 active competitors, including 118 funded and 11 that have exited. Its top competitors include companies like Consensys, Alchemy and IoTeX.
Company Details
Developer of applications and protocols for the bitcoin ecosystem network. These offerings include a decentralized lending protocol for liquidity, a self-custody wallet for digital assets, and an art platform for creating onchain items. Additional technology includes a capital markets protocol for earning interest and a digital identity service for connecting domains to individual wallets. These tools facilitate the use of assets within decentralized finance and web interfaces built on blockchain architecture.
Key Metrics
Founded Year
2021
Location
New York City, United States
Stage
Series D
Total Funding
$150M in 1 round
Latest Funding Round
Investors
Ranked
76th among 486 active competitors
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Trust Machines's funding and investors
Trust Machines has raised a total funding of $150M over 1 round. Its latest funding round was a Series D round on Feb 04, 2022 for $*****. 5 investors participated in its latest round. Trust Machines has 7 institutional investors.
Here is the list of recent funding rounds of Trust Machines:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Feb 04, 2022 | 8596830 | Series D | 9868741 | 2842466 | 8282360 | 8183226 |
View details of Trust Machines's funding rounds and investors
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Trust Machines's Competitors and alternates
Top competitors of Trust Machines include Consensys, Alchemy and IoTeX. Here is the list of Top 10 competitors of Trust Machines, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Consensys 2014, Fort Worth (United States), Series D | Developer of blockchain and web3 software platform | $725M | 80/100 | |
2nd | Alchemy 2013, San Francisco (United States), Series C | Provider of complete blockchain developer platform | $564M | 78/100 | |
3rd | IoTeX 2017, Tortola (United Kingdom), Series A | Developer of blockchain infrastructure for real world artificial intelligence | $50M | 77/100 | |
4th | Digital Asset 2014, New York City (United States), Series F | Provider of Canton Network, the public blockchain with institutional-grade privacy for tokenized real-world assets | $817M | 72/100 | |
5th | Sui Foundation 2022, Cayman Islands, Funding Raised | Developer of Layer 1 blockchain and smart contract development platform | - | 67/100 | |
6th | Developer of blockchain infrastructure and digital asset management software applications | $70M | 63/100 | ||
7th | Spydra 2021, Austin (United States), Seed | API driven Decentralization-as-a-Service platform | $1.86M | 61/100 | |
8th | Galxe 2021, San Mateo (United States), Series A | Web3 credential data network | $10M | 60/100 | |
9th | Blockchain-based platform for NFT and Defi application development | - | 60/100 | ||
10th | Lisk 2016, Zug (Switzerland), Funding Raised | Blockchain-based application development platform for entrepreneurs and developers | - | 60/100 | |
76th | Trust Machines 2021, New York City (United States), Series D | Developer of applications and protocols for the bitcoin ecosystem network | $150M | 38/100 |
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Trust Machines's Investments and acquisitions
Trust Machines has made 3 investments including Asigna, Zest Protocol and Velar. Trust Machines has not made any acquisitions as of now.Here is the list of its investments:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
May 27, 2025 | Investments | 2023 | New York (United States) | |
May 13, 2024 | Investments | 2022 | London (United Kingdom) | |
Feb 01, 2024 | Investments | 2023 | Dubai (United Arab Emirates) |
See all investments by Trust Machines
Reports related to Trust Machines
Here is the latest report on Trust Machines's sector:
News related to Trust Machines
•
Asigna Secures $3M in Funding and Launches Multisig v2 UpgradeGlobeNewswire•May 27, 2025•Sats Ventures, Asigna, Hivemind Capital, Portal ventures and 3 others
•
Hermetica raises $1.7 million seed funding to boost Bitcoin DeFi with USDhZephyrnet•Oct 16, 2024•Hermetica, Utxo Management, CMS Holdings, Ethos Fund and 4 others
•
USDh issuer Hermetica completes $1.7 million financing, led by UTXO ManagementCoinTime•Oct 16, 2024•Hermetica, TXO, CMS Holdings, Ethos Fund and 3 others
•
Hermetica, the platform behind Bitcoin-backed USDh, raises $1.7mBitcoin Ethereum News•Oct 16, 2024•Hermetica, Utxo Management, CMS Holdings, Ethos Fund and 3 others
•
Hermetica Completes $1.7M Seed Round to Boost Bitcoin DeFi with USDhThenewscrypto•Oct 16, 2024•Hermetica, CMS Holdings, Ethos Fund, Trust Machines and 2 others
•
Top-level Domain ‘.Locker’ Launches With Onchain UtilityNewswire•Jul 02, 2024•Orange Domains, Trust Machines, Tucows, Hiro
•
Legendary Investor Tim Draper Leads Bitcoin Lending Protocol Zest’s $3.5 Million Seed RoundBitcoin•May 17, 2024•Draper, Zest Protocol, Binance Labs, Flow Traders and 8 others
•
Legendary Investor Tim Draper Leads Bitcoin Lending Protocol Zest’s $3.5 Million Seed RoundCryptocurrency•May 17, 2024•Zest Protocol, Draper, Binance Labs, Trust Machines and 8 others
•
Zest Raises $3.5M, Led by Tim Draper, for On-Chain Bitcoin Lending Using StacksCoinDesk•May 13, 2024•Zest Protocol, Binance Labs, Flow Traders, Trust Machines and 10 others
•
Tucows, Hiro, Trust Machines launch Orange Domains to bridge Web3 and Web2BiometricUpdate.com•Mar 13, 2024•Trust Machines, Tucows, Hiro
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