Its history reaches back to Slush Pool and the meeting of Marek Palatinus and Pavol Rusnák at brmlab, but the group is not one product or one legal and security perimeter. Trezor, Tropic Square, Invity Finance and Vexl have distinct roles, risks and responsibilities; group affiliation alone proves neither safety, licensing nor independent audit.
SatoshiLabs describes itself today as a technology holding group. Its site separates Trezor, Tropic Square, Invity Finance and the nonprofit Vexl; shared history therefore does not make them the same legal entity, product, licence or security model. [SatoshiLabs — technology holding]
Marek ‘Slush’ Palatinus launched the first publicly available Bitcoin mining pool in 2010, later called Slush Pool and Braiins Pool. The pool is an important precursor in a founder's story, not a current SatoshiLabs product or subsidiary. [SatoshiLabs — Our story]
The company history says Marek Palatinus and Pavol ‘Stick’ Rusnák met at the Prague hackerspace brmlab in 2011. With Alena Vránová they developed a prototype that isolated private keys from an ordinary computer and laid the company's foundations. [SatoshiLabs — Our story]
Preorders in 2013 financed SatoshiLabs' incorporation and the first roughly one-thousand-unit batch of Trezor Model One. It moved signing away from a general computer, but cannot remove bad address verification, compromised backups or user error. [SatoshiLabs — Our story] [Trezor — company]
Trezor publishes firmware and development repositories and accepts vulnerability reports. Public source code enables inspection and reproducible claims, but does not itself prove flawlessness, an independent audit of every release, a safe supply chain or correct user behaviour. [Trezor firmware — public repository] [Trezor Suite — releases]
A touchscreen Trezor Model T prototype appeared in 2016 and the product shipped in 2018. Trezor Suite is an actively released desktop and mobile application layer; the Trezor brand and software are not synonyms for the whole SatoshiLabs holding group. [SatoshiLabs — Our story] [Trezor Suite — releases]
Tropic Square develops the auditable TROPIC01 secure element and announced volume production and its use in Trezor Safe 7 in 2025. An open architecture improves scrutiny but is not proof of a defect-free chip; a ‘quantum-ready’ update path also does not make today's Bitcoin or signatures quantum-safe. [Tropic Square — TROPIC01 repository] [SatoshiLabs — TROPIC01 production]
Invity began in 2019 as an exchange-comparison layer in the Trezor ecosystem. It says the Czech National Bank granted it MiCA authorisation on 11 February 2026; that licence belongs to Invity Finance, not automatically to SatoshiLabs, Trezor, Tropic Square or Vexl. [SatoshiLabs — Invity MiCA announcement] [Czech National Bank — MiCA competence]
Vexl, launched in 2022, is a nonprofit peer-to-peer app for finding bitcoin offers without mandatory KYC. Its design reduces central identity collection, but does not remove fraud, counterparty and physical-safety risks, taxes or duties under local law. [SatoshiLabs — technology holding]
In August 2026 Trezor disclosed an incident at shipping provider ShipMonk: 11,742 customer records were fully and 1,947 partly exposed. Trezor says its systems, devices, seeds and funds were not breached, yet names, contacts and delivery addresses increase phishing and physical-targeting risk. [Trezor — ShipMonk customer-data incident] [Financial Times — Trezor shipping-data breach]
For the clearest picture, read this entry together with Bitcoin, Trezor, Hardware Wallet, Self-custody, Marek “Slush” Palatinus, Pavol “Stick” Rusnák. The reverse links also lead from Prague Bitcoin ecosystem, Trezor, Marek “Slush” Palatinus, Pavol “Stick” Rusnák.