Cryptocurrency News

Trust Machines, the startup building an ecosystem of Bitcoin applications

2022.06.29 23:15

Trust Machines, the startup building an ecosystem of Bitcoin applications
Trust Machines, the startup building an ecosystem of Bitcoin applications

  • Trust Machines has announced adding new members to its team.
  • Manas Mohapatra and Igor Sylvester will be joining the Trust Machines team.
  • Asiff Hirji will serve as an advisor.

Trust Machines, the startup building an ecosystem of Bitcoin applications, has announced new additions to its talent — Manas Mohapatra and Igor Sylvester who will join the Trust Machines team, and Asiff Hirji who will operate as an advisor.

This announcement follows the news of recent key additions, including Aubrey Strobel and Rena Shah, communications advisor and head of operations and strategy respectively.

The CEO of Trust Machines, Muneeb Ali, said:

I’m excited to share that Trust Machines continues to attract world-class talent during this bear market to help build the world’s largest ecosystem of Bitcoin applications. I’m thrilled to have both Manas and Igor join the core team and to work with Asiff to further our mission of growing the Bitcoin economy.

According to the information provided to CoinQuora, Mohapatra joins Trust Machines as General Counsel. Mohapatra previously held multiple senior-level positions at Twitter (NYSE:TWTR) and ViacomCBS (NASDAQ:PARA). Mohapatra joins from BNY Mellon (NYSE:BK), where he served as Deputy General Counsel.

Sylvester joins the Trust Machines engineering team following his tenure as a Staff Software Engineer at Reddit. Sylvester formerly led a Machine Learning Infrastructure team at Facebook (NASDAQ:META) and had a previous engineering career at several high-frequency Trading firms.

Additionally, Hirji joins the company as an advisor. He currently serves as the President of Figure, a financial services firm. Hirji held similar roles at Coinbase (NASDAQ:COIN) and Ameritrade. Also, Hirji has experience on the venture capital side through firms like a16z and TPG.

When asked about the new role, Trust Machines Advisor, Hirji was quoted as saying:

Bringing smart contracts capability to Bitcoin is a unique untapped market. Muneeb and his team are leading that work through both EVM compatible and other safe programming environments through the Stacks layer for Bitcoin. I look forward to working with Muneeb to help grow the Bitcoin economy.

Trust Machines builds Bitcoin applications such as a fully decentralized Bitcoin lending app, a Bitcoin DAO tooling solution, and others. Trust Machines contributes to critical infrastructure enabling such Bitcoin applications, like the Stacks layer for smart contracts, and other technologies like DLCs.

Expressing his excitement about this new position, Mohapatra said: “I’m thrilled to join the world-class team at Trust Machines and look forward to helping navigate the ever-changing legal and regulatory landscape.”

Notably, Trust Machines raised $150 million in February from Digital Currency Group, Breyer Capital, Union Square Ventures, and others. The team states that they plan to make additional key hires in H2 2022 in order to expand its growing roster of talent.

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