[PRESS RELEASE – New York City, USA, August 31st, 2023]
The acquisition and rebrand of Hiro Wallet by Trust Machines gives Leather a unique opportunity to fulfill an increasing demand for Web3 on Bitcoin
Trust Machines, the company building the largest ecosystem of Bitcoin applications, today announced the launch of its flagship wallet brand, Leather. Leather is a Bitcoin wallet with one mission in mind: driving the global transition to a digital economy built on Bitcoin.
Leather Wallet LLC is now a subsidiary of Trust Machines through an acquisition of wallet assets from Hiro Systems PBC. From DeFi to DLCs to Ordinals and beyond, Leather will accelerate its role as the premier access point for the growing Bitcoin ecosystem, giving users the opportunity to make the most of their bitcoin holdings via emerging Web3 apps and protocols.
Historically, the wallet supported the Stacks L2 functionality along with Bitcoin Ordinals. The new Leather brand is more than just a name change, with Leather looking to create a bridge between Bitcoin and all emerging layer-2 solutions, providing a seamless experience for users to move and use assets between layers depending on their application needs.
“Bitcoin wallets are the window through which the world will interact with the revolutionary technology of Bitcoin and digital assets built on Bitcoin. To take Bitcoin to a billion users we need to make Bitcoin and Bitcoin L2s simple and intuitive to use,” said Muneeb Ali, CEO and Co-Founder of Trust Machines. “Leather reminds me of the revolutionary potential of Bitcoin and the transformative impact it has had on countless lives. Instilling trust and security through decentralization is a key factor of our Bitcoin wallet.”
Leather, a self-custodied, open-source and audited wallet, gives users the ability to:
Secure and manage Bitcoin (BTC), Stacks L2 (STX) and other Bitcoin-secured assets like BRC-20
Deposit, view, create, trade and transfer Ordinals, Stacks NFTs and Bitcoin Stamps
Identify themselves across decentralized communities with Blockchain Name System (BNS) domain names
Explore Bitcoin DeFi protocols that are set to revolutionize how financial systems work
Access emerging Bitcoin layers and features (like the Lightning Network, DLCs and Stacks) along with their native mechanisms, like Stacking.
Leather users can also connect to a myriad of platforms that have emerged as the bedrock of Bitcoin Web3. These include access to Bitcoin NFT marketplaces like Gamma and decentralized exchanges (DEX’s) like ALEX and Velar. Leather is already integrated with hundreds of apps and platforms, including Magic Eden, Rare Stamp, Ord.io, UniSat, On Chain Monkey, and more.
“Creating a Bitcoin wallet application is not merely about storing digital currency; it’s about providing users with a gateway to the internet being built for tomorrow,” said Mark Hendrickson, GM of Leather. “This acquisition and rebrand will accelerate Leather’s efforts to drive the global transition to a digital economy based on Bitcoin, onboarding millions of people into Web3 apps powered by Bitcoin and Bitcoin layers such as Stacks and Lightning.”
Prior to the acquisition and rebrand, the former Hiro Wallet had over 375,000 total installations, more than 100,000 monthly active users and transactions exceeding 300,000 on a monthly basis. Porto Rocha, the New York-based design and branding agency, assisted in developing the brand new look and feel of Leather.
Users can begin their Bitcoin Web3 journey with Leather today through Leather’s browser extension (compatible with Chrome, Firefox, Brave and Edge) or Leather’s desktop application (compatible with Windows, macOX, and Linux).
Visit leather.io to learn more about Leather and create your own Bitcoin wallet.
About Leather
Leather is a Bitcoin wallet that supports building apps on Bitcoin and Bitcoin L2s like Stacks. With NFTs, Ordinals, Stamps, DLCs, and much more. Now available as a browser extension for Chrome, Firefox, Brave and Edge. Leather is developed as a subsidiary of Trust Machines. Leather is Bitcoin for the rest of us.
About Trust Machines
Trust Machines is leading the mission to advance the Bitcoin economy by building the biggest ecosystem of applications that utilize Bitcoin or settle on the Bitcoin Blockchain. Founded by Stacks Co-Creator Muneeb Ali and Princeton computer science professor JP Singh. Trust Machines is unlocking the trillion-dollar Bitcoin economy.
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