Deel dit artikel
Muneeb Ali’s Trust Machines Raises $150M
Participating investors include Breyer Capital, Digital Currency Group, GoldenTree, Hivemind and Union Square Ventures.
Door Tanzeel Akhtar
Trust Machines, co-founded by Stacks founder Muneeb Ali and Princeton University computer science professor J.P. Singh, has raised $150 million in funding for expanding Bitcoin as a Web 3 platform.
- Participating investors in the round include Breyer Capital, Digital Currency Group (the parent company of CoinDesk), GoldenTree, Hivemind and Union Square Ventures.
- Trust Machines will build on the recent success of Stacks, which is a programming layer for Bitcoin, in making Bitcoin a platform for Web 3 applications, the firm said in a press release.
- Ali is the CEO of Trust Machines and is executive chairman at Hiro, the primary developer of Stacks, where he was previously CEO.
- Stacks was co-founded by Ali and Ryan Shea in 2013 as Blockstack. Stacks is a network that facilitates smart contracts that settle on the Bitcoin blockchain.
- “With the early foundation built, it’s time to concentrate on unlocking the next level of applications and platform technology on Bitcoin, enhancing the platforms for speed, scale and functionality, and making Bitcoin apps a reality for hundreds of millions of users. This is why we launched Trust Machines,” Ali said in the press release.
STORY CONTINUES BELOW
Mis geen enkel verhaal.Abonneer je vandaag nog op de Crypto Daybook Americas Nieuwsbrief. Bekijk Alle Nieuwsbrieven
Read more: The Programmable Future of Bitcoin, Feat. Muneeb Ali
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Cascade Unveils 24/7 Neo-Brokerage Offering Perpetuals on Cryptos, U.S. Stocks
The platform will let retail traders use one margin account to trade round-the-clock perpetual markets.
What to know:
- Cascade has introduced a 24/7 brokerage-style app for perpetual markets spanning crypto, U.S. equities and private-asset exposure.
- The firm is pitching a single, unified margin account with direct-to-bank U.S. dollar capability for deposits and withdrawals.
- The company has raised $15 million from investors including Polychain Capital, Variant and Coinbase Ventures.
Top Stories
