Trust Machines launches Leather, a Bitcoin wallet

Web3-based project built on the first cryptocurrency’s network, Trust Machines announced the launch of its flagship wallet Leather after the acquisition and rebranding of Hiro Wallet.

According to the developers’ statement, the initiative aims to build a bridge between the Bitcoin blockchain and second-layer solutions. The app already supports the functionality of most L2 networks, including Ordinals and Lightning Network.

“To bring Bitcoin to a billion users, we need to make it simple and intuitive. Ensuring trust and security through decentralisation is a key factor of our wallet,” said Munib Ali, CEO and co-founder of the company.

Leather is integrated with the NFT marketplace Gamma, decentralised exchanges ALEX and Velar, as well as dapps Magic Eden, Rare Stamp, Ord.io, UniSat, On Chain Monkeys and others.

Prior to the rebranding, Hiro Wallet had more than 375,000 installations and over 100,000 active users per month.

In February 2022, Trust Machines, founded by Blockstack founder Munib Ali and Princeton computer science professor J. P. Singh, raised $150 million.

The project aims to build the largest Bitcoin-based ecosystem on its blockchain. The platform is built on Blockstack’s Stacks technology, which develops smart-contract layers for the Bitcoin network.

As reported in August 2023, the Telegram bot Wallet on The Open Network announced the launch a beta version of the non-custodial TON Space wallet.