Tropic Square proudly announces that its flagship product, TROPIC01, has been honored with two awards at this year’s Embedded World Exhibition & Conference held in Nuremberg, Germany from March 11 to 13. The team received the prestigious Embedded Award 2025 for Safety and Security, as well as the Best in Show Award.

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The Embedded Award recognizes outstanding innovations in secure embedded system technologies, highlighting products that set new standards in quality and functionality while enhancing safety and security in an increasingly connected world. TROPIC01 stood out among the nominations for its auditable open architecture design that delivers unprecedented transparency and open verification of security features. Tropic Square also received the Best in Show award for the innovation that TROPIC01 brings to the market.

"Receiving these awards is a testament to our commitment to redefining hardware security," said Jan Pleskac CEO & Co-founder of Tropic Square. “TROPIC01 addresses the critical need for transparent and verifiable security solutions in today's digital landscape. This recognition reinforces our mission to set new standards in the industry."

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Designed to be tamper-resistant against advanced physical attacks, TROPIC01 is the industry’s first auditable open architecture secure element. The product addresses the concern of secure hardware having backdoors or hidden flaws by providing transparent access to the design and documentation for anyone to independently conduct security reviews, audits, and testing.  

For more information about TROPIC01 and Tropic Square's commitment to open-source hardware security, visit https://www.tropicsquare.com/tropic01.

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About Tropic Square

Tropic Square, a SatoshiLabs company, develops open-architecture secure elements for applications ranging from IoT and crypto wallets to any modern application that prioritizes security. 

By placing transparency at the core of our design philosophy, we invite industry experts and members of the open-source community to test, validate, and strengthen our security implementation. 

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For more information, visit www.tropicsquare.com

For all media inquiries, contact pr@tropicsquare.com 

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A New Era of Secure Elements Built on Transparency and Verifiable Trust.

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Tropic Square, a fabless semiconductor company that develops secure hardware through open architecture, today announced the official launch and general availability of its first-generation secure element, TROPIC01.

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TROPIC01 is the industry's first open-architecture hardware security element. The chip is auditable and designed to meet the increasing demand for transparency in hardware security. This tamper-proof solution offers a secure alternative to existing closed architecture chips, making it ideal for the security needs of IoT devices, crypto hardware wallets, digital identity devices, and hardware authenticators.

“TROPIC01 provides the disruption that traditional hardware security needs,” stated John Sirianni, CEO of Tropic Square. “It’s the industry's first auditable, open-source solution – transparency to this degree has been unheard of to date. With the evolving sophistication and frequency of cyber threats and increasing regulatory demands, transparency is no longer optional—it’s essential. TROPIC01 provides the semiconductor innovation that the market is demanding.”  

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Considering that cybercrime is reported to cost the world an estimated $13.82 trillion by 2028¹, there is an urgent need for robust security elements such as TROPIC01. Providing advanced security against side-channel, laser, and other advanced attacks, TROPIC01 has been developed with fully verifiable cryptographic implementations, granting enterprises and developers unprecedented control over their security infrastructure.

“We are excited to launch the industry's first truly open and auditable secure element chips,” said Jan Pleskac, CTO and Co-Founder of Tropic Square. “Existing closed-source secure elements don’t allow for auditing; hence engineers and security experts cannot confirm whether vulnerabilities or backdoors exist. TROPIC01, on the other hand, allows engineers to verify the security implementation for themselves, giving them confidence in what they are embedding into their devices.” 

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TROPIC01’s open architecture allows electronic manufacturers and designers to verify the security implementation and claims. This provides engineers more control of their design process without being restricted by NDAs or the limitations of traditional black box secure elements. 

“This chip is exactly what the security industry needs,” said Miro Sveltik, CEO of ContentWise, a Deep Tech design house currently prototyping with TROPIC01. “Security is critical for our customers. We cannot truly stand behind solutions we offer to the market unless we can verify its security implementation.” 

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TROPIC01 supports use cases such as secure boot, firmware updates, and key management– critical security features that enable product readiness for compliance with regulations such as the European Cyber Resilience Act (CRA). 

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‍Product Availability & Shipping

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TROPIC01 development kits and engineering samples have been available since early February 2025, and now the chip is available for wide-scale production orders.  Secure provisioning, customization, and shipping logistics are managed in partnership with EPS Global.  

Companies building secure devices such as blockchain-enabled hardware, DePIN solutions, and IoT devices (including industrial, medical, etc.) can order TROPIC01 samples to evaluate product feasibility.

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Awards and Recognition – Embedded World Nuremberg 11-13 March 2025

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In recognition of its innovative approach to safety and security in embedded systems, TROPIC01 has been nominated for an Embedded Award in the Safety and Security category. The Embedded Awards honour outstanding innovations in the field of secure embedded technologies, highlighting products that set new standards in quality and functionality.

At the Embedded World 2025 event in Nuremberg, Germany, Tropic Square will offer live demonstrations of TROPIC01's capabilities and provide insights into its development process. Attendees are invited to visit the Tropic Square booth (5-373) to learn more about how TROPIC01 can enhance the security of embedded systems.

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Additional information about TROPIC01 can be found at:

https://www.tropicsquare.com/tropic01

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About Tropic Square

Tropic Square, a SatoshiLabs company, develops open-architecture secure elements for applications ranging from IoT and crypto wallets to any modern application that prioritizes security.

By placing transparency at the core of our design philosophy, we invite industry experts and members of the open-source community to test, validate, and strengthen our security implementation.

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For more information, visit www.tropicsquare.com  

For all media inquiries, contact pr@tropicsquare.com

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_{1 https://www.statista.com/chart/28878/expected-cost-of-cybercrime-until-2027/}

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The 2,100 unique limited devices feature a special engraving that embodies an empowering statement: "Independence isn’t given – it’s taken."

This Limited Edition is part of a broader awareness-raising campaign highlighting the critical importance of reclaiming personal independence, with a particular focus on financial sovereignty.

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Trezor, the original Bitcoin hardware wallet company, announces the launch of a limited Trezor Safe 5 Freedom Edition. With this release, the company reignites one of the core principles of Bitcoin and cryptocurrencies: financial sovereignty. This exclusive Freedom Edition version features a distinctive bronze-colored backplate engraved with the empowering statement: “Independence isn’t given – it’s taken.” Each device is individually numbered, with only 2,100 units available worldwide.

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Priced at $169—the same as the standard Trezor Safe 5—this limited edition also supports a meaningful cause. For every device sold, $10 will be donated to Trezor Academy, a global educational initiative that helps individuals in underserved regions access Bitcoin education and achieve financial independence. 

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‍Bitcoin Advocates Re-declare Their Independence with Trezor

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‍The Trezor Freedom Edition is a cornerstone of Trezor’s broader awareness-raising campaign, emphasizing the critical importance of reclaiming personal independence, particularly financial sovereignty. To highlight this message, Trezor collaborated with notable Bitcoin advocates who are making a global impact through education and empowerment. Together with these advocates and Trezor employees, the company created a compelling video that reaffirms the individual’s right to independence. The video concludes with Trezor’s CEO, Matěj Žák, gliding through the air with a parachute—a striking symbol of ultimate freedom and self-determination. ‍

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Campaign video: https://youtu.be/Xrhe9J06mvE?si=VSH0iCOaS9dVhnfJ

Bitcoin advocates appearing in the video:

• Lina Seiche, the creator of The Little HODLer, uses art and humor to explain Bitcoin concepts, making them accessible to people worldwide. 
• Isabela Santos, co-founder of Get Based and founder of Mexican bitcoin community BTC isla, educates the public about Bitcoin’s potential to transform financial systems.
• Nikolai Tjongarero, founder of EasySats in Namibia and Trezor Academy organizer, champions Bitcoin adoption across Africa. 

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Trezor points out the unique nature of cryptocurrencies and the decentralised financial system, which gives people the freedom to truly own and freely transact without restrictions. With full control over their private keys, an assurance only self-custody can provide, individuals are free from reliance on any third party, bank, or exchange and have the power to fully manage and secure their digital assets.

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Anusha Schindler, Head of Brand at Trezor, comments: “The Trezor Safe 5 Freedom Edition isn’t just a hardware wallet—it’s a statement. It perfectly reflects our brand campaign, embodying our mission to empower individuals to take control of their financial future through self-custody. Limited to only 2100 serialized units, the Trezor Safe 5 Freedom Edition is designed for those who believe in self-reliance and the freedom to truly own and freely transact without restrictions.”

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‍Sales start soon

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‍Sales of this exclusive edition will begin on Thursday, January 30, 2025, at 15:00 UTC. For more details about the device and the upcoming sale, visit: https://content.trezor.io/trezor-safe-5-freedom-edition 

‍Photos: https://satoshilabs.visualbook.pro/en/trezor/product-showcase 

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‍About Trezor 

‍Trezor is the original bitcoin hardware wallet company, founded in 2013. It pioneered the development of the self-custody of crypto assets, empowering individuals with an open-source device that enables anyone to easily and securely hold cryptocurrencies.

Trezor has expanded to offer a whole ecosystem of easy-to-use both hardware and software products that help protect users - from crypto novices to crypto experts. In 2023, the company launched its Trezor Academy initiative which educates grassroots communities across the African continent on safe participation in the bitcoin ecosystem. Trezor is part of SatoshiLabs, a technology holding company with various interests in crypto and bitcoin companies.

Defining the strategy for the holding group, building the best HR team in the Czech Republic, and supporting the founders and CEOs of individual companies are all ambitious goals Ladislav Veselý is bringing to SatoshiLabs as its new COO. Veselý enters this new chapter with years of leadership experience, having served as the CEO of Slevomat Group and Product Division Director at Seznam.cz.

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"I was motivated by the opportunity to step into a completely different environment. After five years with one company, I was looking for a new industry, a different stage the company is currently in, and a new sense of purpose. I’m also inspired by the founders’ values and their focus on people and product quality. At SatoshiLabs, money isn’t the goal; it’s the energy that drives everything. This alignment made the decision easy for me, and I’m excited about this new chapter," says Veselý.

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From Operations to Leading Three Companies

Veselý spent nearly five and a half years in leadership roles at Slevomat. After just one year as COO, he was promoted to CEO, eventually overseeing all three companies in the group. He considers Slevomat’s post-pandemic business performance his greatest professional achievement.

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"I’m proud that Slevomat emerged from the pandemic as the strongest Czech travel brand, achieving record profits and profitability. At that time, the company was generating the vast majority of the European group’s profits," Veselý reflects.

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He also credits his time at Seznam.cz as one of the most formative periods in his career, where he gained valuable experience in product development, agile methods, and team learning and development. Veselý also served as Chief Product Officer (CPO) at the publishing house Economia.

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Building a Strong HR Team and Supporting Leadership

"What drew me to SatoshiLabs was a combination of factors: the team’s strong internal motivation, the truly global reach of the company, and the emphasis on personal freedom that comes with responsibility. Honestly, I feel like I’d work here even if they were making rubber ducks. The fact that we have four bootstrapped companies with global products is just the icing on the cake—and a huge source of motivation. The quality, passion, and trust I’ve sensed in just a few days are unlike anything I’ve experienced before," Veselý adds.

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In addition to supporting the CEOs of the companies within the group, Veselý plans to define the group’s strategy and build the strongest HR and operations team in the Czech Republic.

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"We wanted the new member of our leadership team to not only have extensive experience in operational management and a strong understanding of the holding environment and business-building processes, but also exceptional people leadership and development skills. Ladislav offers a unique combination of these qualities. His experience leading Slevomat and his approach to managing teams and companies will undoubtedly help us grow further," said Marek Palatinus, co-founder of SatoshiLabs.

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About SatoshiLabs

SatoshiLabs is a global technology group focused on cryptocurrency and open-source innovation. Its founders, Marek Palatinus and Pavol Rusnák, created Trezor—the world’s first cryptocurrency hardware wallet—and turned it into a billion-dollar business. The group also includes Vexl, a P2P Bitcoin trading app without KYC requirements; Invity, a mobile app for buying, selling, and saving Bitcoin and cryptocurrencies; and Tropic Square, which designs and develops unique transparent security chips.

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• In 2024, Trezor Academy has run 42 educational programs across 21 countries with more than 800 graduates
• Trezor Academy supports local educators who teach bitcoin fundamentals. It focuses mainly on Africa

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Trezor Academy, a non-profit educational initiative by Trezor, dedicated to promoting Bitcoin adoption in developing regions, made remarkable strides in 2024 in democratizing access to financial knowledge across underserved regions, particularly in the Global South. 

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In 2024, Trezor Academy achieved significant milestones:

• Conducted 42 educational programs, each comprising three consecutive meetups

• Expanded to 21 countries, with a primary focus on Africa, as well as programs in South America, Mexico, or the Caribbean

• The lectures were conducted in English, Spanish, and French, but also in local African languages

• Educated over 800 local participants, equipping them with essential Bitcoin knowledge

• Distributed over 500 Bitcoin books, including Bitcoin Kids by Nzonda Fotsing and Bitcoin: Separation of Money and State by Josef Tětek

• Sponsored the Most Impactful African Bitcoiners by African Bitcoiners, recognizing key contributors to Bitcoin education on the continent

• Created professional video footage of Trezor Academy lectures in a studio, providing participants with high-quality online education resources.

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Driven by its mission to accelerate Bitcoin adoption worldwide, Trezor Academy leverages interactive meetups led by local educators. These sessions, attended by 20-30 participants each, cover Bitcoin fundamentals — explaining its importance, functionality, and practical use for making payments.

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Empowering Local Educators
Trezor Academy emphasizes local engagement by training and supporting educators to teach in their native languages and adapt content to align with cultural and economic contexts. These educators are provided with Bitcoin literature, resources, and modest financial support to ensure sustainability and impact.

Trezor Academy partnered with grassroots organizations globally, collaborating with initiatives such as Bitcoin Dada in Kenya, Bridgesats in the Democratic Republic of Congo, Nova Stars in Suriname, or African Bitcoiners, a Pan-African effort.

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“We are proud to see Trezor Academy bring the transformative potential of bitcoin closer to communities that stand to benefit most,” said Josef Tětek, Trezor’s well-known Bitcoin evangelist who is the founder and driving force behind Trezor Academy. “Our mission has only just begun, and we look forward to expanding this initiative globally.”

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Looking Ahead
Building on its success, Trezor Academy aims to continue its efforts in 2025 and expanding further by reaching new countries and engaging passionate local educators to spread Bitcoin knowledge within their communities.

For Bitcoin educators interested in organizing a Trezor Academy meetup, the initiative offers collaboration opportunities to bring Bitcoin education to local communities.

For more information about Trezor Academy, including upcoming meetups and highlights from previous events, visit academy.trezor.io. 

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Photos from the Trezor Academy meetups : click here

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About Trezor Academy 

Trezor Academy is a nonprofit educational initiative by Trezor, designed to promote bitcoin adoption through grassroots education. Trezor Academy provides localized bitcoin education for communities in underserved regions, equipping individuals with financial literacy and the knowledge to navigate the digital economy securely.

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About Trezor 

Trezor is the original bitcoin hardware wallet company, founded in 2013. It pioneered the development of the self-custody of crypto assets, empowering individuals with an open-source device that enables anyone to easily and securely hold cryptocurrencies.

Trezor has expanded to offer a whole ecosystem of easy-to-use both hardware and software products that help protect users - from crypto novices to crypto experts. In 2023, the company launched its Trezor Academy initiative which educates grassroots communities across the African continent on safe participation in the bitcoin ecosystem. Trezor is part of SatoshiLabs, a technology holding company with various interests in crypto and bitcoin companies.

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The hardware wallet company reported a 600% surge in sales following the U.S. elections

Trezor also achieved its highest single sales day in history

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Trezor, the original bitcoin hardware wallet company, has reported the most successful sales week in its history. This milestone coincides with Bitcoin's sharp price surge, nearing the $100,000 mark. The beginning of a new bull market, increased interest in cryptocurrency, and a growing shift away from centralized exchanges toward self-custody have significantly driven Trezor’s record-breaking sales.

The historic sales week followed the U.S. presidential election, with Trezor experiencing an extraordinary 600% increase in weekly sales compared to the previous six-month average.
This surge peaked on Friday, November 22, when Trezor achieved its best single sales day ever. Sales were 11 times higher than the typical daily average over the last six months, and it eclipsed its previous high on May 17, 2023, when Ledger announced its "Ledger Recovery" service. 

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Danny Sanders, Trezor's Chief Commercial Officer, commented on the milestone: “These unprecedented results highlight the growing interest in cryptocurrencies. A pivotal moment was Bitcoin becoming one of the topics during the U.S. presidential elections, which served as a catalyst for further adoption. Moreover, these remarkable results were fueled by a long-term increase in awareness among crypto users about the importance of self-custody. The mantra ‘not your keys, not your coins’ remains highly relevant, as the market continues to recognize the risks of leaving assets on centralized exchanges — a hard lesson learned from the collapse of numerous exchanges in the past. All of this underpins the success of our expanded product range with the new Safe and Keep Series and Expert onboarding making it easier for new people to onboard to hardware wallet ”.

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The Shift Towards Self-Custody

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The shift towards self-custody is evident as Bitcoin reserves on exchanges have declined to their lowest levels in six years. In 2024 alone, approximately 427,000 BTC, valued at $40 billion, were withdrawn from centralized exchanges (source Cryptoquant). High-profile exchange failures, regulatory uncertainty, and increased user education have driven this movement. Self-custody solutions like Trezor ensure users maintain full control of their funds, mitigating the risks associated with third-party custodians.

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New Product Line Drives Record Sales

Trezor’s new product families played a key role in achieving these outstanding results. The hardware wallets Trezor Safe 3 and Trezor Safe 5 have attracted significant attention for their user-friendly features, sleek modern design, and robust security backed by Trezor's open-source philosophy. Complementing these wallets, the Trezor Keep Metal — a durable solution for securely safeguarding wallet backups — and Trezor Expert, a personalized 1-to-1 online onboarding service, have seamlessly integrated into Trezor's portfolio. Together, these innovations have made self-custody more accessible to both seasoned crypto enthusiasts and newcomers, empowering more users to take control of their financial future.

Trezor’s commitment to empowering individuals through security, transparency and innovation continues to resonate with a global audience, driving record-breaking growth and positioning the company for continued success as the bull market accelerates.

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— ENDS — 

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Note to editors

Product images and Trezor logos are available for download at the following link: https://trezor.visualbook.pro/en/imagery 

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About Trezor 

Trezor is the original bitcoin hardware wallet company, founded in 2013. It pioneered the development of the self-custody of crypto assets, empowering individuals with an open-source device that enables anyone to easily and securely hold cryptocurrencies.

Trezor has expanded to offer a whole ecosystem of easy-to-use both hardware and software  products that help protect users - from crypto novices to crypto experts. In 2023, the company launched its Trezor Academy initiative which educates grassroots communities across the African continent on safe participation in the bitcoin ecosystem. Trezor is part of SatoshiLabs, a technology holding company with various interests in crypto and bitcoin companies.

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Staking was launched only a few months ago in May in Trezor Suite.

Service is in collaboration with reputable Everstake.

Only 0.1 ETH required to start staking.

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Trezor, the world’s leading open-source cryptocurrency hardware wallet producer, proudly announces that its users have staked a remarkable 100,000 ETH since the company introduced secure staking in its Trezor Suite in May 2024. Through this new feature, Trezor enables users to earn rewards by participating in Ethereum’s network security directly from their Trezor wallets.

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Trezor’s staking service, launched in collaboration with Everstake, a well-regarded staking-as-a-service platform, requires a minimum stake of just 0.1 ETH, making it accessible for a wide range of Ethereum holders. With auto-compounding rewards and a user-friendly setup within Trezor Suite, Trezor has simplified the staking process while maintaining top-tier security standards.

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“We are thrilled to see such strong adoption of our staking feature,” said Matěj Žák, CEO of Trezor. “Trezor users believe in self-custody, but also want to see their holdings grow. In fact, staking is a great embodiment of that philosophy - holding rather than selling, but earning interest while allowing the community to benefit from the staked coins, all while keeping them maximally secure. We sensed that there was serious interest for such a service, but even we didn’t expect that we’d blast through this milestone within this year. This impressive level of engagement underscores our community’s commitment to both security and network participation.”

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For more information on how to stake ETH using Trezor Suite, visit www.trezor.io. 

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Note to editors

Product images and Trezor logos are available for download at the following link: https://trezor.visualbook.pro/en/imagery 

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About Trezor 

Trezor is the original bitcoin hardware wallet company, founded in 2013. It pioneered the development of the self-custody of crypto assets, empowering individuals with an open-source device that enables anyone to easily and securely hold cryptocurrencies.

Trezor has expanded to offer a whole ecosystem of easy-to-use both hardware and software products that help protect users - from crypto novices to crypto experts. In 2023, the company launched its Trezor Academy initiative which educates grassroots communities across the African continent on safe participation in the bitcoin ecosystem. Trezor is part of SatoshiLabs, a technology holding company with various interests in crypto and bitcoin companies.

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Premium device combines color touchscreen with haptic feedback, EAL 6+ Secure Element, and enhanced backup processes

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Trezor, the original bitcoin hardware wallet company, today introduces the Trezor Safe 5, which brings everyday convenience to securely storing, managing and buying cryptocurrencies in a cold-storage wallet. Drawing on more than ten years’ experience of open source security, the Trezor Safe 5 packs an array of powerful attributes that support active, regular management of crypto assets, while maintaining Trezor’s commitment to exceptional levels of usability and security:

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• Color touchscreen and Trezor Touch haptic engine for a richer interactive experience 
• NDA-Free, EAL 6+ certified, Secure Element designed to protect sensitive information and perform cryptographic operations
• An enhanced, more robust, 20-word backup process offers a seamless upgrade from a standard Single-share Backup to an Advanced Multi-share Backup
• All Gorilla-Glass surface protects device from scratches and damage

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With a vibrant color touchscreen, the Trezor Safe 5 delivers a visually engaging interface. Its large screen gives users additional reassurance about the transactions they’re processing. The Trezor Touch haptic engine enriches interactions to deliver an experience so intuitive users can feel it. 

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As with all Trezor hardware, the Trezor Safe 5 is designed on open source security principles, enabling the Trezor community to verify the technology and giving them confidence in the integrity of the wallet. The device’s Secure Element has EAL 6+ certification, confirming that the chip has undergone extensive testing and can withstand sophisticated attacks. The absence of non-disclosure agreements (NDAs) covering use of the Secure Element in the device provides a transparent foundation for security to further enhance protection.

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The new, enhanced backup standard, which now uses 20 words, improves the user-friendliness of the backup and recovery process. The upgraded wordlist contains carefully selected words that are easily distinguishable from each other.

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Most importantly, with the enhanced backup users can seamlessly upgrade from a standard Single-share Backup to an Advanced Multi-share Backup, offering superior security with no single point of failure. The backup is created using Shamir's secret sharing to split the master secret key into multiple unique shares. Users can decide how many unique shares the advanced backup consists of and how many are needed to restore the wallet. Even if some shares are lost, users can still access their crypto. 

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To protect wallet backup phrases from fire, water and physical damage, Trezor will also offer a 20-word version of its Trezor Keep Metal solution for USD 99 at the beginning of July. 

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The Trezor Safe 5 will still support other legacy backup processes if users prefer those options, and earlier standards are still functional when recovering from older models.

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The high-performance specifications of the wallet are matched in its sleek, appealing design. Available in Black Graphite, Violet Ore and Green Beryl, the device is encased in damage-proof Gorilla Glass, providing durability along with a refined look and feel.

Supporting a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and thousands more, Trezor Safe 5’s extensive compatibility ensures that users can securely store, manage, stake, and use their crypto all in one place via the Trezor Suite desktop and the accompanying mobile app to monitor crypto from a mobile phone on the go. Additionally, users can draw on Trezor’s extensive network of third-party services, empowering them to fully customize their crypto experience according to their unique needs.

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Trezor Safe 5 extends the Trezor Safe product family following the launch of the Trezor Safe 3 – an easy-to-use, secure hardware wallet for crypto novices – in October 2023. 

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Special devices just for bitcoiners

For Bitcoin devotees, Trezor is also introducing a new Bitcoin-only option that removes non-bitcoin related features and code, ensuring a smooth and optimized bitcoin-only experience. After a limited run of Bitcoin-only Trezor Safe 3s sold out in a matter of hours at launch, Trezor will now offer an unlimited edition of the Bitcoin-only Trezor Safe 3 and Trezor Safe 5 – both sporting the familiar fiery orange shade – for general sale.  

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Matěj Žák, Trezor’s Chief Executive Officer, said: “Understandably, many crypto enthusiasts lack trust in exchanges and are looking for an easy and secure way to interact with their crypto assets. However, with hardware wallets often designed more for ‘hodling’ crypto rather than using crypto on a more regular basis, we saw that there was an opportunity to  bring something new to the sector – enter the Trezor Safe 5, the ultimate hardware wallet for crypto users looking for everyday utility along with the highest level of security and effortless usability.”

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Matěj Žák launched the Trezor Safe 5 on stage at BTC Prague 2024 where he also introduced new service, Trezor Expert, a service dedicated to building user confidence in self-custody. Trezor Expert specialists provide personalized, one-on-one online onboarding sessions for Trezor customers, helping them to set up their hardware wallets. The service eases customer concerns about making errors and gives them an improved understanding of the security considerations surrounding self-custody. 

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The Trezor Safe 5 is available for preorder today at a retail price of USD 169. Trezor Safe 5 Bitcoin-only and Black Graphite are also available for preorder with shipping at the beginning of July. Trezor Safe 5 Green Beryl and Violet Ore will be available by mid-August. 

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For more information please visit: https://trezor.io/trezor-safe-5 

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Note to editors

Product images and Trezor logos are available for download at the following link: https://trezor.visualbook.pro/en/imagery 

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About Trezor 

Trezor is the original bitcoin hardware wallet company, founded in 2013. It pioneered the development of the self-custody of crypto assets, empowering individuals with an open-source device that enables anyone to easily and securely hold cryptocurrencies.

Trezor has expanded to offer a whole ecosystem of easy-to-use both hardware and software  products that help protect users - from crypto novices to crypto experts. In 2023, the company launched its Trezor Academy initiative which educates grassroots communities across the African continent on safe participation in the bitcoin ecosystem. Trezor is part of SatoshiLabs, a technology holding company with various interests in crypto and bitcoin companies.

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Personalised, one-on-one onboarding sessions provide expert knowledge and reassurance as customers set up crypto cold-storage devices

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Trezor, the original bitcoin hardware wallet company, today launches Trezor Expert, a service providing personalised, one-on-one, online onboarding sessions for Trezor customers as they set up their hardware wallets. 

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Trezor Expert aims to build user confidence as they begin their journey into crypto self-custody, ease customer concerns about making errors, and give them the knowledge to protect their crypto effectively. 

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Under the service, specialists in hardware wallet security guide users step by step through the set-up process so that the user’s hardware wallet is fully configured by the end of the Trezor Expert session. The specialists provide guidance on best practices and ensure that users understand the basic concepts correctly. The service is available seven days a week, including weekends, and users can book a slot at their convenience, irrespective of where they are in the world.

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Participants in Trezor Expert are encouraged to actively engage with the specialists, ask questions and seek clarification in order to fully benefit from the interactive learning experience. Trezor Expert sessions are designed to ensure that only the customer, and no one else, knows the wallet backup and other sensitive information.

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Matěj Žák, Trezor’s Chief Executive Officer, said: “For many people, their crypto journeys begin on centralised exchanges before they progress to taking responsibility themselves for storing their crypto on hardware wallets . We’ve seen this play out many times after the collapse of high-profile exchanges when our sales suddenly spike. But newcomers to hardware wallets sometimes lack experience, knowledge and confidence in setting up hardware wallets – turning to social media and internet research to help them through the process. We wanted to give customers access to personalised guidance from a trusted, reputable brand recognised for its commitment to security.”  

Žák continued: “Trezor Expert not only helps our customers to set up their hardware wallets correctly, it gives them the opportunity to explore the security considerations of self-custody in more detail as they cover topics such as private key management and safe online practices.”

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Trezor Expert is available for purchase on the Trezor e-shop at a price of USD 99. Customers interested in using, or learning more about, Trezor Expert can visit https://trezor.io/trezor-expert-session. 

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Note to editors

Product images and Trezor logos are available for download at the following link: https://trezor.visualbook.pro/en/imagery 

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About Trezor 

Trezor is the original bitcoin hardware wallet company, founded in 2013. It pioneered the development of the self-custody of crypto assets, empowering individuals with an open-source device that enables anyone to easily and securely hold cryptocurrencies.

Trezor has expanded to offer a whole ecosystem of easy-to-use both hardware and software  products that help protect users - from crypto novices to crypto experts. In 2023, the company launched its Trezor Academy initiative which educates grassroots communities across the African continent on safe participation in the bitcoin ecosystem. Trezor is part of SatoshiLabs, a technology holding company with various interests in crypto and bitcoin companies.

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Tropic Square, innovators in transparent and auditable secure semiconductors joins the IoT Security Foundation (IoTSF), the global association committed to ensuring the security and reliability of Internet of Things (IoT) devices.

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IoTSF unites companies worldwide to enhance cybersecurity defenses by collaborating with its members to offer guidelines, best practices, and resources for secure IoT deployments. As IoT devices become more integral in both personal and professional environments, IoTSF tackles the challenge of mobilizing robust security measures.

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Tropic Square develops open secure chips that protect IoT devices from advanced attacks. These chips serve as a hardware Root of Trust (RoT), with the security based on transparency. Technical details on the security design and logic are made accessible to the open source community. The openness serves to equip design engineers with components that empower secure product development, as well as cross communication for resolving vulnerabilities.

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Tropic Square’s approach aligns with IoTSF's mission to inform the public and ensure the ongoing safety of IoT systems. The joint efforts aim to strengthen security defenses to evolve alongside emerging challenges in IoT devices, while aligning IoT product lifecycle to upcoming legislation like the EU’s Cyber Resilience Act and Cybersecurity Act.

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Learn more about the IoT Security Foundation by visiting https://iotsecurityfoundation.org/

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About Tropic Square

Tropic Square is a fabless semiconductor and IP company founded in 2020 as a response to the need for secure open hardware co-processors. We stand for TRuly Open Integrated Circuits by developing and producing secure cryptographic coprocessors and IPs.  Our designs are tested by experts in the open source community and made available for community use.

For more information, visit tropicsquare.com

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Tropic Square, designers of transparent and auditable secure chip solutions, welcomes John Sirianni as Chief Executive Officer (CEO). Sirianni leads the company to scale up as they approach the pre-production tape out of their flagship product, TROPIC01, this year.

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With more than two decades in the semiconductor and cybersecurity industries, Sirianni brings his knowledge and expertise to lead Tropic Square to global scale. His previous experience includes embedded systems security consultation, strategic commercialization, and leading international deep-tech scale ups.

John Sirianni shares his vision for the company, stating “The engineering staff has crafted an industry leading open-hardware and auditable security chip, which enables device design teams to verify advanced security functions as they require.  Now it’s time to make it generally available for security sensitive device designers.  Device developers of AI-IoT edge devices, gaming & A/R devices, autonomous systems, M2M payment systems, advanced hardware authenticators are in need of open, transparent, and auditable cryptographic processing. Security through Transparency is what we are about at our core. ”

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This year, Tropic Square is on route for the pre-production of TROPIC01, a transparent and auditable secure cryptographic coprocessor. Under Sirianni’s leadership and guidance, the team is eager to bring their advanced cryptographic coprocessor chip TROPIC01 to the wider market, to address the growing demand for secure hardware devices.

‍“I’m super excited to have John on board. We have been very product development focused and now it is the time to advance the business side of our operations. I’m looking forward to working with customers from a broader market, and showing them that there is an alternative to security by obscurity. They can have cars now, instead of just faster horses. Offering this chip to the initial customers will also give us valuable feedback, so we can further refine our product to meet market needs” says Jan Pleskac, CTO.

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About Tropic Square

Tropic Square is a private company founded in 2020 as a response to the need for open architecture secure element chips. We develop and produce secure semiconductor device solutions that enable the auditability of its security implementations. Our chips and IP are tested by experts in the open source community and made available for community use. Tropic Square develops and produces auditable chips that meet the high security requirements of our customer’s design teams. 

For more information, visit tropicsquare.com

Trezor’s introduction of world languages embodies company’s commitment to broadening access to crypto security

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Trezor, the original bitcoin hardware wallet company, today introduces Spanish, French and German language services for its market-leading cold-storage devices and its cryptocurrency management app, Trezor Suite. 

The availability of Trezor’s leading crypto technologies in three world languages, alongside the existing English version, embodies the company’s commitment to helping as many people as possible to enjoy the freedom, financial self-sovereignty and utility of cryptocurrencies. Trezor will also launch Czech language services in April for the benefit of users in its home market, one of the world’s leading Bitcoin hubs.   

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With Spanish spoken by 599 million people worldwide, French by 274 million and German by 170 million – more than a billion people in total — the introduction of these languages to Trezor’s products and services echoes its goal of playing a key role in onboarding the next billion cryptocurrency users. 

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Matěj Žák, Trezor’s Chief Executive Officer, said: “From the outset, our mission at Trezor has been to extend access to Bitcoin to as wide an audience as possible by enabling people to buy, manage and store it as simply and securely as possible. Enabling more people to use Trezor services in their preferred languages is an important part of delivering on that promise.”  

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The price of bitcoin has once again recently reached an all time high, an event that is likely to encourage more cryptocurrency enthusiasts worldwide to explore the merits of self-custody. The collapse of high-profile crypto businesses in recent years highlighted the risks for the public of holding their cryptocurrencies on centralised exchanges – a risk encapsulated in the phrase, ‘not your keys, not your coins’. Making Trezor devices, firmware and the app available in Spanish, French, German and Czech will ease the path to self-custody for crypto owners who are less confident in English. 

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The new language services will be available on the Trezor Safe 3, the entry-level hardware wallet for crypto newcomers and novices, on its flagship touch-screen Model T, and on the Trezor Suite management app. 

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To optimise security and give users peace of mind, new Trezor devices arrive without firmware installed so that customers can be confident that their hardware wallets have not been tampered with. Users’ preferred language option will apply on the intuitive yet powerful crypto management app and also on their new device. Existing users can also change their language preferences for one of the world languages on Trezor Suite. 

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Trezor will release the new language capabilities initially as a Beta version that will be continuously refined. 

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About Trezor

‍Trezor is the original bitcoin hardware wallet company, founded in 2013. It pioneered the development of the self-custody of crypto assets, empowering individuals with an open-source device that enables anyone to easily and securely hold cryptocurrencies.

Trezor has expanded to offer a whole ecosystem of easy-to-use both hardware and software  products that help protect users - from crypto novices to crypto experts. In 2023, the company launched its Trezor Academy initiative which educates grassroots communities across the African continent on safe participation in the bitcoin ecosystem. Trezor is part of SatoshiLabs, a technology holding company with various interests in crypto and bitcoin companies.

Initiative brings together company’s education programme, the launch of Bitcoineta and sponsorship Africa Bitcoin Conference 

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Trezor, the original bitcoin hardware wallet company, today announces the launch of its education programme, Trezor Academy, that will be rolled out in Africa. As part of the initiative Trezor is also funding Bitcoineta, a branded Land Rover that in conjunction with Bitcoin Cowries, will tour the Economic Community of West African States (ECOWAS) taking the Bitcoin message to rural communities and schools acrosst the region.

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The Bitcoineta vehicle is the fifth of its kind with other educational road-trips currently active in Central America, South America, Europe and South Africa. South America and Europe.    

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The launch of Trezor Academy follows a successful pilot programme that took place throughout 2023 and saw the company and local influencers host events in Ghana, Nigeria, Cameroon, Uganda, Kenya and Burundi, helping to introduce attendees to the benefits of Bitcoin and the importance of self-custody via a series of meetups, presentations and Q&A sessions.

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Trezor Academy has been made possible by the support of the bitcoin community.  21 Euro from each sale of Trezor’s limited edition, bitcoin-only version of its recently launched Trezor Safe 3 hardware wallet (which sold out in one day) has been pledged to fund this ongoing education work. Throughout 2024 the company plans to set up academies in more than 10 new African countries to engage with and educate hundreds more local educators, spreading the bitcoin message far and wide. 

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The Bitcoineta road trip started on 1st December at Africa Bitcoin Conference, the largest Bitcoin conference held to date on the African continent, and for which Trezor is also a sponsor. Attendees at the conference were able to get information on the project’s future activities.  The vehicle's progress will be shared via the official Bitcoineta X account as well as documented through video blogs and traditional media.  

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Matěj Žák, CEO of Trezor commented: “Bitcoin adoption is perhaps more relevant in Africa than on any other continent. Its properties provide a host of benefits that can work in concert with other local initiatives like payment schemes, microfinancing and savings.  As a company we are committed to helping spread this message via sponsoring events like Africa Bitcoin Conference, the Trezor Academy and awesome tie-ups like Bitcoineta. Going forward we believe that Bitcoin will have a significant economic and social impact on the African continent.”

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You can find more information about Trezor Academy on this link.

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About Trezor

Trezor is the independent Czech company behind the world's first Bitcoin hardware wallet, the Trezor One launched in 2014. Its flagship product, the Trezor Model T comes with a full-color touchscreen and many advanced features. It’s new and highly-acclaimed Safe 3 product range was launched in October 2023, offering crypto novices an affordable, secure and easy way to store crypto. All Trezor wallets are open-source and enhanced by the free Trezor Suite app which increases privacy and makes crypto more intuitive.

New Trezor products arrive to guide crypto newcomers and novices on their journey to self-custody 

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Trezor, the original hardware wallet company, today launches three stylish, intuitive and affordable tools aimed at helping crypto newcomers and novices on their journey to self-custody. The line-up of products consists of the Trezor Safe 3, an easy-to-use, secure hardware wallet available in four striking colours; the Trezor Keep Metal, the mistake-proof, convenient backup solution for your recovery seed, available in three variants; and, in celebration of Trezor’s 10-year anniversary, the limited edition Trezor Safe 3 Bitcoin only, which as the name suggests keeps custody solely of the original cryptocurrency. 

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“Bitcoin, and the wider cryptocurrency sector, has been with us now for 14 years. It is no longer a niche interest. There are 420 million crypto owners worldwide and, according to predictions, this number will more than double by 2027 to almost a billion — one in eight of the global population. Events over the last year or so have demonstrated the risks people are taking when they entrust the custody of their cryptocurrencies to centralised exchanges. Time and again, we’ve seen the reality of ‘not your keys, not your coins’ play out. As we approach the next wave of Bitcoin adoption, we’ve introduced some compelling new devices that enable crypto novices and newcomers to enjoy the security and peace of mind that comes with owning and safeguarding their own crypto,” Matěj Žák, CEO of Trezor, commented.

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Trezor Safe 3 hardware wallet 

Designed to meet the needs of the diverse crowds entering the crypto space, The Trezor Safe 3 hardware wallet is fantastic looking, easy to use and affordable. The device adds another layer of security with the introduction of a secure element, a tamper-resistant hardware component providing extra protection against physical attacks if users lose their device. Combined with a strong passphrase, which is never stored in the device, it delivers ultimate security for users’ crypto.

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The Trezor Safe 3 embodies the company's commitment to open source development and the belief that the strongest, most robust security stems from full transparency about code, technology and components. Trezor has chosen a third-party secure element vendor* that allows it to publish any potential vulnerabilities it discovers and the Trezor Safe 3 still applies open source principles in using the security component. 

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The device integrates with the Trezor Suite desktop application which has everything crypto novices need for managing their digital assets — whether buying, selling, exchanging, or saving crypto through dollar cost averaging — all in a single safe environment. Trezor Safe 3 supports bitcoin, ethereum and over 7,000 other coins. The Trezor Safe 3 retails for €79 / $79 and is available in four premium colours — Solar Gold, Stellar Silver, Galactic Rose and Cosmic black.

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Trezor Keep Metal 

Trezor Keep Metal safeguards one of the most precious items in a crypto inventory: the recovery seed. If a Trezor hardware wallet is ever lost, damaged or stolen, users can use the recovery seed —  a unique string of words generated when first registering a Trezor device — to restore access to their entire wallet. 

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Trezor Keep Metal ensures the safety of the recovery seed under any conditions, and eliminates mistakes when recording the words. Made from aerospace-grade stainless steel, resistant to corrosion, and with a watertight seal, Trezor Keep Metal protects the recovery seed backup against fire, water, acids and impacts.

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Trezor Keep Metal can be used for both 12-word and 24-word standard backups — options which are available for €99 / $99. It is also suitable for Shamir backup, making it an ideal security solution for the Shamir-compatible Trezor Safe 3. The Trezor Keep Metal catering for 3 x 20-word Shamir backup sells for €249 / $249.

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Trezor Safe 3 Bitcoin only 

To celebrate the 10-year anniversary since Trezor introduced the world’s first bitcoin hardware wallet, Trezor is also releasing a limited-edition run of a Bitcoin-only Trezor Safe 3 as part of the range. It solely runs Bitcoin-only firmware  and is available in the only fitting colour: bitcoin orange. In a nod to Trezor’s breakthrough year, only 2,013 of the devices will be available at a retail price of €79 /  $79. And in recognition of Bitcoin’s ability to empower individuals in under-privileged and marginalised communities, Trezor will donate €21 from each sale to support the Trezor Academy, a Bitcoin education initiative.

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“We understand that self-custody can be intimidating, especially for newcomers. That’s why we have designed the new wallets and the backup solution with beginners in mind. They’re packed with security features to keep digital assets safe. Managing your crypto is now easier than ever with a Trezor Safe hardware wallet and the new Trezor Suite desktop and mobile apps,” Matěj Žák continued.

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Pre-order the products

The Trezor Safe 3, the Trezor Keep Metal and the Trezor Safe 3 Bitcoin-only are available for pre-order now on trezor.io and will be shipped in mid-November.

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* = In the interests of transparency, we would like to clarify that the vendor is not Tropic Square.

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A smooth entry into the world of cryptocurrencies for everyone!

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Invity, a self-funded startup founded in 2019 under the SatoshiLabs Group, is launching a new app for its users. Having already facilitated over $100 million in cryptocurrency transactions during 2021, with expectations to surpass $1 billion this August, the company reaches yet another milestone.

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Known as a cryptocurrency exchange aggregator, Invity offers a complete ecosystem for buying, selling, exchanging, and spending cryptocurrencies, including dollar-ost averaging (DCA).Their latest addition is a mobile app that simplifies Bitcoin purchases. Additionally, the app provides access to a planned educational academy.

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"The mobile app will enable us to introduce Invity to a broader audience of newcomers. To maximize our reach, we are focusing on creating a user-friendly experience and providing educational resources within the app. Security is also a top priority. Our efforts are directed at ensuring users can securely store their cryptocurrencies in their own wallets, eliminating the need to depend on us or any other third party."
comments Stepan Uherik, CEO of Invity and CFO of SatoshiLabs.

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Academy as a gateway to hardware wallets

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As part of the app, Invity intends to offer users an educational academy. The aim is to effectively assist newcomers in navigating the field, gradually guiding them toward more advanced features and enabling them to manage cryptocurrencies knowledgeably and independently. Additionally, the importance of storing cryptocurrencies in a personal crypto hardware wallet is highlighted.

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In fact, Invity's services are directly integrated into the desktop and browser app of the Trezor hardware wallet within the Trezor Suite. This offers Trezor users a seamless, secure, and comfortable experience when trading and managing their cryptocurrencies. The emphasis on security is further reinforced by the inclusion of only non-custodial exchanges. This ensures that any purchases made do not remain on the exchange but must be immediately transferred to a user’s Trezor. 

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"As a result, users maintain complete control over the cryptocurrencies they possess. Given the frequent occurrence of exchange crashes and an unpredictable regulatory environment, it is crucial to advise new crypto investors against entrusting their digital assets to third parties for extended periods, let alone when dealing with substantial amounts,”
Uherik adds.

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SatoshiLabs, the pioneering innovator behind the world’s first hardware wallet, Trezor, today introduced the Vexl Foundation at the BTC Prague conference. Backed by SatoshiLabs’ co-founders, Marek Palatinus and Pavol Rusnák, and with Lea Petrášová, CEO of Vexl.it, appointed as president. The foundation champions personal and financial freedoms, asserting that without the freedom to transact, all other rights lose their meaning, reflecting bitcoin’s original purpose as a decentralized peer-to-peer currency.

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The Vexl Foundation is committed to restoring financial power to the people, breaking free from institutional constraints and excessive regulations. It firmly believes that technology should serve as a tool for empowerment, not control, with everyone having the right to free choice, self-determination, and privacy. This stance is a critical response to KYC (Know Your Customer) practices that have introduced unwanted complexity and risk for users, occasionally leading to security breaches and unwanted exposure of precious private data.

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Alongside its launch, the Vexl Foundation has released the Financial Tyranny Index (FTI). The FTI is a comprehensive tool that measures the extent of statist interventions in the financial space. These include parameters such as the growth of the money supply, the imposition of cash limits, the advent of Central Bank Digital Currencies (CBDCs), and the overall tax burden. Interestingly, the initial findings of the FTI reveal that many of the world’s Western democracies, including France, Belgium, Canada, and the Netherlands, are among the top 20 countries with the highest levels of financial state control. This innovative index is designed to challenge and highlight these escalating impositions on our financial freedom.

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At the core of the Vexl Foundation’s mission is Vexl, their mobile app. Vexl provides a simple, private, and secure platform for peer-to-peer Bitcoin transactions, operating without KYC or institutional interference.

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“Vexl isn’t just an application, it’s the embodiment of our vision for financial autonomy. We’re dedicated to a future where technology empowers, and financial freedom equates to choice, privacy, and control,”

states Lea Petrášová.

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The board of the Vexl Foundation includes Lea Petrášová, Marek Palatinus, Pavol Rusnák, Josef Tětek, and Grafton Clark. This team brings together a diverse range of experiences and perspectives, underpinning the foundation’s mission and vision.

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“As we journey further through the digital age, we’re witnessing a concerning centralization of control,”

Marek Slush Palatinus acknowledges.

“We need to revisit the principles bitcoin was founded upon to direct power back to individuals. The Vexl Foundation is our step towards that change.”

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Open to collaboration with other organizations and individuals who share the vision of a free and open financial world, the Vexl Foundation launches today. Backed by donations and guided by the strategic wisdom of the SatoshiLabs team, the foundation is poised to inspire a significant shift in our perception and interaction with digital finance, inviting everyone to step into the realm of financial autonomy.

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“Join us on this journey towards a more open financial world,”

Rusnák invites.

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For more details on this groundbreaking initiative, visit the Vexl Foundation’s website: https://www.vexl.foundation/

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Users can now safely and intuitively strengthen their bitcoin privacy within the Trezor environment

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Trezor, the original bitcoin hardware wallet company, today rolled out the coinjoin feature for its devices allowing users to more easily enhance privacy and security on bitcoin transactions. Coinjoin is a process where users send their bitcoin as part of a large collaborative transaction and receive the same amount back, but with the transaction history obscured. Users’ balances and transaction history are then hard to track on the otherwise fully-transparent bitcoin blockchain. The feature is possible thanks to Trezor’s collaboration with Wasabi Wallet, the privacy-focused bitcoin wallet that specializes in coinjoin. 

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Trezor is the first and only hardware wallet to enable coinjoin transactions within a hardware wallet environment. The function is now live on Trezor Model T and Trezor plans to enable coinjoin for Model One in the near future. Coinjoin is the latest addition to a host of features found on Trezor devices for enhancing security and privacy, such as Tor, coin control, and Shamir backup.

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Matěj Žák, CEO of Trezor, explained:

“Trezor values privacy as an individual’s most important asset. Consequently, we’re delighted that we’ve found a way for our community to keep their bitcoin history private. Our coinjoin solution in Trezor Suite is intuitive and safe, making bitcoin privacy more accessible to the general public.”

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Real use-cases

The coinjoin approach tackles a number of glaring privacy issues resulting from the inherent transparency of the bitcoin blockchain. For example, when people use exchanges, it’s easy to draw a link between their real-world identity and their bitcoin addresses. Exchanges can track user transactions even after they withdraw, and can share this data with third parties. Through obscuring transaction histories, coinjoin prevents such surveillance. 

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Secondly, coinjoin offers welcome additional protection when using bitcoin for purchases. Ordinarily, merchants receiving bitcoin payments can see the total balance of an address from which the payment was sent, which some people consider an unacceptable breach of privacy. With coinjoin, users can safely break up their bitcoin balance into small amounts with no transaction history so as to obscure their total balance, like swapping a large dollar note for smaller denominations. 

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A third coinjoin benefit is in safeguarding privacy for donations made using bitcoin. By default, all bitcoin transactions can be analyzed and in some cases, real-world identities can be linked. This can put non-governmental organizations and their donors in great danger, especially under authoritarian regimes. Coinjoin protects the transactions of donors and recipients, and therefore, improves the safety of organizations and their supporters. 

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Matěj Žák further elaborated:

“People who want to make private transactions can use cash without leaving any digital footprint, and without the need for the counterparty to store our identity. No one gets to see how much money they have left in their wallet or bank accounts. Trezor with coinjoin brings a similar level of privacy to bitcoin, with one click. The security of the process and ease of use help deliver privacy to a wider audience, which is one of the core values of the bitcoin community.”

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“Making bitcoin privacy tools easy to use and secure is essential, as this is what drives people to use products, which increases the privacy for everyone. That’s why we see Trezor’s integration of coinjoin as such a major milestone. A coinjoin is inherently non-custodial, and now for the first time coinjoin transactions can be signed with the keys on a hardware wallet. This is a major security improvement,”

says Max Hillebrand, contributor to Wasabi Wallet and CEO of zkSNACKs. (zkSNACKs is the company sponsoring the development of Wasabi Wallet and operates the coinjoin coordinator)

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How does it work?

With the Model T, Trezor users can now see a new coinjoin account type in their Trezor Suite, and simply click on the “anonymize” button. Users then choose the number of coinjoin rounds — with every round increasing the level of privacy — confirm their choices on the Trezor device, and then leave the Trezor connected with the Trezor Suite running. The rest of the coinjoin process is automated and requires no active user participation. The time needed to complete the coinjoin depends on the number of rounds - one round takes approximately 10 minutes. After completing the procedure, users will receive a confirmation dialogue with the transaction details. The fees for the transaction consist of the coordinator fee of 0.3% of the coinjoined amount and a network mining fee. The coordinator fee is paid just once, and for further remixes users pay only the mining fee.

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For more information about coinjoin, please visit: https://trezor.io/learn/a/coinjoin-in-trezor-suite 

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About Trezor

Trezor is the independent Czech company behind the world's first Bitcoin hardware wallet, the Trezor One in 2014. Its flagship product, the Trezor Model T comes with a full-color touchscreen and many advanced features. Both wallets are open-source and enhanced by the free Trezor Suite app which increases privacy and makes crypto more intuitive.

About Wasabi Wallet

Reclaim your privacy with Wasabi Wallet, a free and open source bitcoin wallet with built-in coinjoin. Coinjoins are collaborative bitcoin transactions to enable cash-like privacy features for bitcoin. wasabiwallet.io

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New chip wrapper, produced by Trezor, improves device security and significantly shortens lead times for mass production

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Trezor, the original bitcoin hardware wallet company by SatoshiLabs Group, has taken control of its silicon chip production by facilitating the manufacture of its own key component, the chip wrapper, in its flagship product, Trezor Model T. 

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The move dramatically optimizes device production by eliminating the reliance on third parties in the highly complex chip manufacturing supply chain.    

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Prior to taking control of this process, the global chip shortage has meant that Trezor, like most electronic device manufacturers, has been exposed to fluctuations in component availability that in turn is sensitive to a variety of factors including geopolitical disruption, labor shortages due to Covid 19 and even droughts that limit the supply of the pure water required in the manufacturing process. 

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Demand planning is also highly complex.  Spikes occur in response to bear-to-bull market fluctuations.  They have also followed the consumer interest in cryptocurrency self custody, a demand that was sparked by the high profile implosion of centralized exchanges like Celsius, FTX and BlockFi in Q3 2022. During the same period Trezor saw a 300 per cent increase in sales of its hardware wallets for example.

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Whilst the same level of security is achieved by Trezor taking control of the wrapping process, the company has reduced lead times in the supply cycle from two years to several months.  This is turn eliminates delays in shipping finished products and protects the consumer from exposure to price fluctuations based on component supply and demand. 

”The twists and turns in demand for hardware wallets and the silicon supply chain disruption that we’ve seen over the past few years was a problem that we needed to solve. By unpacking the process, identifying areas where we could take control, and collaborating with our partner STMicroelectronics in new ways, we’ve managed to make the manufacturing as agile as it can be. This means we can respond quickly as the crypto currency market shows signs of recovery.  It also adds more design freedom for future products, helping us to sustain our leadership in the increasingly competitive hardware wallet space.” 

Štěpán Uherik, Chief Financial Officer at SatoshiLabs and Trezor

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Last year, Tropic Square, a company also from the SatoshiLabs stable, launched TROPIC01, a secure open source chip that provides cryptographic key generation, encryption, signing, and authenticating users through digital identification methods. 

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"The chosen business model is very unique and can be applied in exceptional cases. Firstly, as a manufacturer, we require high minimum order quantities, and secondly, the customer must have specific know-how to encapsulate semiconductor components. We are very happy that there is a company like Trezor in the Czech Republic, with which we were able to successfully implement this project."

Tomáš Pokorný, Sales Manager at STMicroelectronics.

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Trezor, the original bitcoin hardware wallet company, has appointed Matěj Žák, formerly Chief Product Officer, as its new CEO. Žák takes over the leadership of Trezor from co-founder Marek “Slush” Palatinus, who will remain in the company, helping to guide the strategic, technical and visionary direction of the business. Žák will be focused on enhancing the overall usability of Trezor’s products to help stimulate wider crypto adoption, while ensuring the company is prepared to take full advantage of the next bull market.

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Based in the crypto hotbed of Prague, Trezor is one of Europe’s leading tech brands and the second largest crypto hardware wallet in the world by sales. Following the recent collapse of crypto-exchange FTX, Trezor experienced a 300% uplift in sales. This increase in new users is expected to continue throughout 2023, as bitcoin and cryptocurrency holders increasingly lose trust in centralised exchanges and custodians, and look to self-custody their digital assets.

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Žák joined Trezor in 2019 as Product Manager, and was promoted to become Trezor’s first Chief Product Officer in 2021 after his vast product development experience helped establish Trezor as the most user-friendly self-custody solution on the market. Žák was also responsible for the development of the market leading Trezor Suite software application, enabling Trezor device users to manage, buy and exchange their crypto in the most usable, secure and privacy-focused way.

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Before joining Trezor, Žák co-founded and led startups like Flits.live (live streaming) and What the Hill (Prague e-bike sharing). He originally graduated from Berklee College of Music and, even though he is still an active musician, he has built a career developing innovative technologies. Bitcoin and crypto security soon became his main focus and making them accessible to the masses is his primary mission.

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As CEO of Trezor Žák will continue his dedication to delivering ever greater usability enhancements for its products and services, while ensuring that the business is in the best possible position to ramp up for the next bull market.

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Exiting CEO, Marek ‘Slush’ Palatinus will remain at the company he co-founded as an advisor - channelling his vision and wealth of experience to help guide the strategic and technical direction of the business.

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“We’ve got an incredible team of people here at Trezor, whose expertise and dedication has helped create a legacy of industry leading crypto security products. Therefore, it’s an honour to be taking over the reins from Slush - who I've been able to learn so much from since joining the team four years ago.“

“As CEO, I’m looking forward to building on our existing innovations and creating more well designed and easy-to-use products that make keeping your cryptocurrencies as safe and easy as sending a text message.“
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Matěj Žák, CPO at Trezor

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“The events of the past 12 months have only served to reinforce the importance and value of self-custody for the safekeeping of cryptocurrencies. This new age of enlightenment feels like the perfect opportunity to strengthen and refocus the leadership of Trezor by appointing Matěj as Chief Executive, putting us in the best possible position to take full advantage of the next bull market. I’m excited to take on my new advisory role in the company as we look to cement Trezor’s market leadership position in the ever-growing hardware wallet sector.“
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Slush, Co-founder of Trezor

From the Genesis Stage of the Bitcoin 2022 conference, Invity.io, provider of the in-wallet trading platform for Trezor hardware wallets, and Swan Bitcoin, a prominent Bitcoin onramp, announced a new partnership to bring recurring, direct-to-custody Bitcoin purchases to Trezor wallets. Automated purchasing within a cold wallet is the most accessible way for non-technical users to start saving value with Bitcoin while maintaining personal control over their coins from the very beginning.

“The key to Bitcoin's future is to welcome people who are currently intimidated by cryptocurrencies. But we've found that new users continually worry over two things: finding the perfect time to enter the market and keeping their Bitcoin safe. This integration solves both”
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Pavol "Stick" Rusnák, co-founder of Trezor Company.

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“Bitcoin must be for everyone, especially in this age of runaway inflation. But not everyone is willing or able to contribute a lump sum to a new investment. By offering new users a straightforward way to buy Bitcoin in the amount they want and on their schedule, anyone can benefit from dollar-cost averaging while keeping their investment as secure as possible.”
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‍Stephan Livera, Managing Director of Swan Bitcoin

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Recurring Bitcoin purchases are facilitated by Invity, which integrated Swan Bitcoin's API into the free Trezor Suite app, the coin management platform for Trezor hardware wallets. In the Trezor Suite Trade section, a "Save into Bitcoin" button opens a specially designed minimalist interface in a click. Users then fine-tune the amount of Bitcoin to purchase and how often in a way that suits their personal budget. A linked bank account converts US dollars to Bitcoin automatically, and the purchased coins are sent directly to the user's non-custodial Trezor hardware wallet. This eliminates both exposure to vulnerable custodial solutions and manual, fee-incurring steps to move purchased coins to self-custody.

“Investing is a mental process for the long term and the only way to protect and build wealth over the long term. A completely self-managed asset like Bitcoin held on a hardware wallet is vital to creating an investment portfolio for the twenty-first century, and the meeting of our three companies makes this a reality for anyone”

‍Štěpán Uherík, CEO of Invity and CFO of Trezor.

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Automated Bitcoin purchases powered by Swan Bitcoin and Invity will be enabled in the May 2022 update of the Trezor Suite. Swan is only available to people over eighteen years of age with a valid government ID and valid US bank account; this service is not available to residents of New York state. Invity is in talks to bring automated purchases to European users in the coming months.

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About Swan Bitcoin

Swan Bitcoin is dedicated to helping the next billion people understand Bitcoin and what it represents for our future. Swan produces high quality Bitcoin education and takes pride in excellent, accessible customer service. Swan.com is the best way to accumulate Bitcoin with recurring and instant buys. The Private Client Services division helps high net worth individuals and entities build generational wealth around the world. Swan's Advisor Services platform is the easiest and most secure way for financial advisors to provide their clients with direct exposure to actual Bitcoin. For more information, visit Swan.com.

Trezor, the first hardware wallet, was given a new desktop application in July 2021. It is now completely replacing the old Trezor Wallet interface, which will no longer be supported from the 31st of January. The new app is called Trezor Suite and it is a major improvement that helps secure users of cryptocurrencies against phishing attacks, one of the most burning problems of crypto security nowadays. SatoshiLabs recommends that all Trezor users download the Trezor Suite desktop app and start using the best tool for their long-term security.

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Trezor Suite brings significant improvements

As Bitcoin evolves and the number of users grows, different use cases are emerging. That's why security is not just about having the right hardware but also making sure the software used for managing your crypto portfolio takes advantage of all the new capabilities of Bitcoin and doesn't expose you to online threats.

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The new desktop application provides a safe and more private environment for managing cryptocurrencies that makes crypto more intuitive and easy to use - especially for those just starting out. Buying crypto from a reputable source directly from your Trezor has never been easier.

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“Trezor Suite progressed, evolved and is now fully ready to take over Trezor Wallet with many new features and a complete redesign that improves our users' security and privacy. Switching from Trezor Wallet to Trezor Suite is smooth and easy - just download the Trezor Suite desktop app and enjoy a quick and easy onboarding.”

‍Matěj Žák, CPO at Trezor

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Trezor Suite is packed with security and privacy features

Taking the wallet interface out of the browser environment eliminates the risk of phishing sites tricking users into revealing their seed or other critical information. A desktop app provides more robust protection with more powerful capabilities and reduces the number of mistakes or exploits that could result in someone losing their keys or coins.

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Some of the cool features:

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One of the first to support Taproot

The Bitcoin Taproot upgrade which was activated in November is already supported by Trezor Suite. This introduces some major changes to Bitcoin that build upon the SegWit upgrade of 2017, which enabled support for the Lightning network. Taproot is expected to have long-term effects on Bitcoin utility and adoption, and will see further advances in the coming years.

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Decentralized exchange (DEX)

Buying, exchanging, and selling cryptocurrencies directly from your Trezor hardware wallet is made easy and secure by Invity, a SatoshiLabs company that lets you compare rates across verified exchanges to find the most competitive offers. Now, there is a new way to exchange crypto without KYC, thanks to Invity's integration of 1inch, a decentralized exchange built on the Ethereum network. When using the Trade section under your Ethereum account in Trezor Suite, users can now browse offers from the 1inch decentralized exchange alongside conventional exchanges.

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Tor switch

Tor, a free and open-source network that reroutes internet traffic through many different servers, is available in Trezor Suite to prevent your ISP and others from tracking your internet activity. While Tor is quite technical, it has been made as simple as possible - at the click of a button - so all Trezor users can mask their connections.

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Discreet mode

When using a Trezor around other people, physical privacy becomes an issue. Showing off account balances — accidentally or otherwise — can lead to risk of extortion or harm. That's why there is a switch in Trezor that blurs out all sensitive data, so users can safely peek at their balances on mouse-over.

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Easy onboarding

Trezor Suite provides a quick and easy onboarding that will make sure your wallet is properly set up and secured, even if you've never used a Bitcoin wallet before. Designed as an all-in-one interface, you can safely and easily manage cryptocurrencies and improve your privacy without needing to install additional apps or learn complex networking.

SatoshiLabs Group, the holding company behind cryptocurrency innovations such as the original Bitcoin hardware wallet Trezor, has appointed Tomáš Sušánka, formerly Head of Engineering, as Trezor's new CTO.

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Tomáš Sušánka is an experienced cryptographic engineer who joined the company in 2017, coming from previous experience at Cloudflare. Open-source security solutions such as Trezor as well as Bitcoin and cryptocurrencies are both his passion and hobby.

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“In my new position, I will primarily focus on building strong independent teams to serve as the crucial pillar of our technology. With cryptocurrencies increasing in popularity, we recognize an increasing need for automating development processes. Last but not least I will be dedicated to enabling both professional and personal growth of our people, which is key to the future development of Trezor products like Trezor Suite.”

‍Tomáš Sušánka

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The CTO position is being passed to Tomaš from Pavol Rusnák (best known as Stick), who is a co-founder and co-owner of the holding company. Stick will continue to support Trezor's mission from his position in upper management of the SatoshiLabs Group.

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“Tomáš has proven his skills both as a developer and as a capable manager who has led his team to success during his time with the company. Nowadays it is not easy to find a person to fill a top management position who not only knows how to lead a team but also understands our industry and embraces our particular independent mindset. I am truly looking forward to Tomáš driving forward the innovation Trezor is so well known for in the crypto security industry.”
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‍Pavol Rusnák, SatoshiLabs Co-founder

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SatoshiLabs group has grown significantly, almost doubling its headcount over the last year. The company continues to search for highly motivated talent across a range of positions. For more information about open roles visit our career page.

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Trezor Suite is a new desktop application from SatoshiLabs, producer of the original hardware wallet Trezor. This application complements the most secure way of storing cryptocurrencies and adds yet another layer to people's cryptocurrency experience.

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Security first

Trezor has created many security features that have been adopted as the industry standards for safe handling of bitcoin. Trezor Suite is adding to this with its easy to use app that helps battle one of the most painful troubles out there - phishing attacks. Using a desktop application provides isolation from cloned sites and malicious links, and the software build can be independently verified unlike a website. Another benefit is that a desktop app is capable of implementing far more powerful features than its browser-based counterpart.

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“We understand that using cryptocurrency every day makes people vulnerable to certain scams and attacks. An application on your desktop or mobile device that you have thoroughly checked and approved provides a good solution. But we wanted to do it right and also deliver features that empower hardware wallet users and bring them closer to the future of bitcoin use.” Matěj Žák, Head of Product at SatoshiLabs

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More on security: Trezor Suite: Security made simple

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Usability for wider adoption

Trezor Suite's new design introduces an easy onboarding process for those new to hardware wallets and the app is complete with a convenient straight-to-custody exchange service from Invity.io. These and many other user-focused features make the whole experience of using bitcoin accessible to everybody. Being able to compare offers from many different exchanges when selling, buying or exchanging cryptocurrencies brings a new level of transparency, with the added benefit of each transaction being secured by Trezor, driving mass adoption and ensuring self-custody. The brand-new onboarding process in this public release of Trezor Suite makes sure new users understand all the key steps involved in securing their assets: it provides a walkthrough of creation and backup of recovery seeds, setting a strong PIN, and using passphrase effectively to segregate coins and protecting Trezors from physical attacks.
Along with the newly-introduced Learn & Discover reference manual, Trezor Suite is focused on making sure every user gets the most out of their hardware wallets while avoiding the costly mistakes many have made in the past.

More on usability: Trezor Suite: the easy way to use Bitcoin

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Focus on privacy

Trezor Suite is the first hardware wallet application that offers advanced privacy features in a form that is easy for anyone to use. Privacy is often a secondary focus for those building on Bitcoin, as the priority is to ensure there is robust infrastructure in place for Bitcoin as sound money. To make it easier to protect one's identity, Trezor Suite packages privacy tools in a way that even non-technical users can take advantage of them. By downloading Trezor Suite, sophisticated features like the Tor switch, Locktime, Discreet mode, and more, can be turned on in a single click. With many other privacy features in development, Trezor Suite will help every cryptocurrency user offset the risks of losing control over their private data.

More on privacy: Trezor Suite: Privacy made easy

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Feature Highlights

• Buy, Sell, and Exchange crypto with Invity.io - Connect to noncustodial exchange providers that offer the best rates, the most local payment methods, and the most effective support all in a single location. Invity's straightforward comparison tool allows users to buy, sell, exchange, and learn about digital currencies with ease so they never feel lost in the quickly changing world of crypto
• Anonymous mode via Tor - At the flick of a switch, benefit from an anonymized global network that will obscure your connection by relaying it through servers distributed around the world
• Dark mode - requested by community and delivered from Trezor with love
• Onboarding - making it quicker and easier to get started securely using your wallet
• Discrete mode - obscures sensitive data on-screen, so no one can peek over your shoulder
• RBF - replace by fee for Bitcoin transactions allows users to increase the fee of transactions even if it was already broadcast

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Coming soon

• CoinJoin
• Bitcoin full node
• Mobile App
• Recurring buy crypto savings account

See our plans for Trezor Suite in the Road Map. Check-in to Trezor Suite here.

Czech startup Tropic Square, which is part of SatoshiLabs Group, are planning to finalize development and start testing the first fully transparent and auditable security chip in the world. To introduce this idea to market, the company received investment of 4 million euros from swiss-based investment company Auzera. The chip, code named TASSIC (Transparent Authenticated Secure Storage Integrated Circuit), is expected to be introduced by the end of 2022, and it is already clear that it will be used in one of the most popular crypto hardware wallets Trezor, also made by SatoshiLabs.

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“The initial motivation for the whole project was the need for a microprocessor solution for Trezor. However, thanks to the closed source settings of the chip manufacturers, we couldn't find an ideal solution. Although the community has asked for a so-called secure element, a chip that is inherently designed to prevent unauthorized access and protect cryptographic or confidential data, it would not be the right, most secure solution, due to non-transparency. So we took on the development of a transparent secure chip ourselves and believe that the next model of the Trezor will have an open source chip from Tropic Square. At the same time, we believe that this revolutionary chip can succeed outside the realm of cryptocurrencies. With this particular chip, we are heading for a market which was worth over 3 billion dollars in 2018”
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Marek Palatinus, CEO of SatoshiLabs

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Open source as a path to innovation

Open source is a way for Tropic Square to ensure the security of its chips. Like many other technology companies, this follows a trend that brings faster innovation through the community and reduces reliance on third-party know-how. The startup works on the assumption that the traditional closed-source approach hides drawbacks by closing itself off from the world, where small, closed teams work on their development and the resulting implementation cannot be verified by the chip user. Manufacturers of specialist security chips force their clients to sign NDA contracts. If its user discovers a problem, it is not possible to simply publish the finding, and thus warn about the possibility of a security risk.

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The long list of known security issues clearly shows that chip design is another area of technology that needs to be opened for innovation. The goal of Tropic Square is to bring secure chips to market as a solution that is focused on the user and the end product.

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”We believe that transparency, collaboration and, to a large extent, the community can significantly shift the technology world. The global reach and feedback from users themselves unlocks vast potential for innovation and to achieve what was previously unthinkable. Thanks to this investment, we can now focus fully on the development and technological solution itself, without having to worry about finances. Alongside that, our team is growing and we are always looking for talented and experienced people, not only for technical positions. In cooperation with DEPO Ventures, we are also open to angel investors who would leverage their know-how to accelerate the fulfillment of our goals in the business area as well,” adds Evžen Englberth, co-founder and CEO of Tropic Square.

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As for the TASSIC chip itself, experts from all over the world can participate in its development and testing. There is already a forum open to the professional public, where discussions related to the chip's own development take place. At the same time, Tropic Square is still looking for talent in the areas of chip design, open source silicon, and security, to help with development.

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Physical resilience and encryption are critical to security

The development of a common chip, where a single function is addressed, is already a complex undertaking. With the TASSIC chip, great emphasis is also placed on the method of its design and subsequent implementation, so the chip meets the high demands for physical security and resistance to attacks. Physical resilience and encryption are key features for a robust chip solution that securely generates and stores cryptographic keys and sensitive data. Moving these processes from software to specialized chips increases the security of the electronic device as a whole.

The company first announced its intention to create the chip in May last year. The nine- member team is led by co-founders Evžen Englberth (CEO) and Jan Pleskač (CTO).

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TASSIC chip

In addition to new products, TASSIC is also a suitable solution for improving the security of existing products. It is designed to connect to common microprocessors or FPGA circuits using standard serial protocols or a MicroSD card. Using the TASSIC chip as a security extension to a non-secure controller and firmware creates a foundation for building secure systems.

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Tropic Square is working on a solution that will bring security algorithms to market in an auditable implementation, i.e. a solution that will be controllable and, thanks to the open source system, will be accessible to the professional community. With the TASSIC chip, it will be possible to verify that it has been manufactured exactly according to design, and thus that there has been no modification or addition of an implant in the supply chain (generally referred to as supply chain attack). Thanks to the focus on solving the most basic needs of digital security, chip will find applications especially where the emphasis is on real security, unique device identity, cryptographically strong communication and authentication. This applies, for example, to the fields of IoT, Industry 4.0 and in special applications requiring transparency and real knowledge of chip implementation. There is also market potential in the area of common consumer electronics, where draft legislation imposes new requirements for secure storage of data in electronic devices.

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More about Tropic Square

Tropic Square s.r.o. is a private company founded in 2020 in response to the lack of secure element chips based on open architecture. Its goal is to bring customers a fully auditable chip that will meet high security requirements and at the same time be verifiable by anyone thanks to its transparency and open source philosophy. The first generation of the secure chip is currently being developed under the working name TASSIC. More information at tropicsquare.com.