Trust Machines, a developer building applications to grow the Bitcoin economy, has hired Manas Mohapatra and Asiff Hirji, formerly of BNY Mellon (BK) and Coinbase (COIN) respectively, in legal and advisory roles.
- Mohapatra joins as the company's general counsel, having served in a similar role at BNY Mellon, while former Coinbase Chief Operating Officer Hirji will operate as an adviser, Trust Machines announced on Wednesday.
- Trust Machines was co-founded by Stacks founder Muneeb Ali and Princeton University computer science professor J.P. Singh. It raised $150 million to expand Bitcoin as a Web3 platform in February with Breyer Capital, Digital Currency Group (the parent company of CoinDesk) and Union Square Ventures among the investors.
- The firm aims to build on the work of Stacks, a programming layer for Bitcoin, in making the network compatible for smart contracts.
- “Bringing smart contracts capability to Bitcoin is a unique untapped market," Hirji said. "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 has also hired to its engineering team Igor Sylvester, formerly of Facebook (FB) and Reddit.
Read more: What Are Web3 Cryptos?
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.