Btrust, the nonprofit dedicated to decentralizing Bitcoin open-source development, has completed a landmark governance transition. After a global search, three new directors—Janet Maingi, Bruno Garcia, and Laurence Aderemi—now lead the organization into its next strategic chapter. This Q&A explores the transition, Btrust’s mission, and what lies ahead for Bitcoin development across the Global South.
What is Btrust and why was it founded?
Btrust is a nonprofit organization focused on decentralizing Bitcoin open-source development, particularly in regions like Africa and India. Founded in 2021 with a 500 BTC endowment from Twitter co-founder Jack Dorsey and rapper Jay-Z—valued at roughly $24.5 million at the time—the organization was built on a unique premise: the founders deliberately stepped back from governance to ensure independence. The initial board, consisting of Obi Nwosu, Ojoma Ochai, Carla Kirk-Cohen, and Abubakar Nur Khalil, was tasked with creating a solid operational and financial foundation. Their mandate included building accountability structures and preparing for a seamless handover to a successor board, which has now been achieved.
Who are the new board members and what expertise do they bring?
The newly appointed board includes Janet Maingi, Bruno Garcia, and Laurence Aderemi. Together, they bring deep, complementary expertise spanning Bitcoin infrastructure, energy systems, and open-source software development. Janet Maingi has a strong background in energy and blockchain systems, Bruno Garcia is recognized for his work in Bitcoin infrastructure, and Laurence Aderemi specializes in open-source project management and contributor growth. Their collective experience aims to strengthen Btrust’s impact during a pivotal expansion phase, especially as the organization moves into Latin America.
How were the new board members selected?
The selection process was guided by Btrust’s Genesis Principles, which prioritize transparency, fairness, and mission alignment. It began with a global, open call followed by a rigorous multi-stage evaluation. The criteria ensured candidates not only had technical and governance expertise but also a deep commitment to Bitcoin’s decentralized ethos. The process was designed to reflect the core values of the organization—values that have anchored Btrust since its founding. By adhering to these principles, the selection committee identified individuals whose skills and vision align with the long-term goal of supporting Bitcoin developers in underrepresented regions.
What does the governance transition involve and why is it significant?
The transition fulfills the original mandate set in 2021: to create a self-sustaining governance structure independent of the founders. Over a multi-week period ending April 30, 2026, the outgoing and incoming boards collaborated closely. They reviewed budgets, consolidated documentation, and initiated an independent audit to reinforce accountability. The handover ensures continuity across governance, financial oversight, and operations. According to CEO Abubakar Nur Khalil, who was formally named to the role in late 2025 after serving in an interim capacity, this milestone marks a reaffirmation of Btrust’s mission. It signals institutional maturity and a clear path forward for expanding Bitcoin development efforts.
What has Btrust achieved so far in Bitcoin development?
Btrust has steadily expanded its footprint across the Global South. In 2023, it acquired Qala, a Bitcoin and Lightning Network developer training firm, rebranding it as the Btrust Builders Programme. This initiative accelerates the pipeline of open-source contributors from Africa by providing hands-on training and mentorship. Additionally, Btrust has recently signaled expansion into Latin America, reflecting a broader global strategy to support Bitcoin developers where resources are scarce. The organization also funds critical open-source projects, from protocol improvements to wallet software, ensuring the Bitcoin ecosystem remains open and accessible.
What are Btrust’s future plans under the new board?
With the governance transition complete, Btrust moves forward with renewed institutional clarity. The new board will focus on strengthening existing programs like the Builders Programme while exploring new regions, particularly Latin America. They aim to increase the number of funded developers, expand training opportunities, and deepen engagement with local Bitcoin communities. The organization’s core mission—to keep the Bitcoin ecosystem open and decentralized—remains unchanged. By leveraging the diverse expertise of its directors, Btrust hopes to foster innovation, enhance network resilience, and ensure that the benefits of Bitcoin development reach under-served populations worldwide.
How does Btrust ensure accountability and transparency?
Accountability is built into Btrust’s DNA through its Genesis Principles and the rigorous selection process for board members. The recent transition included an independent audit to reinforce financial oversight. Governance policies are publicly documented, and all funding decisions are made with transparency. The organization regularly publishes updates on its projects and financial health. Additionally, the new board’s diverse expertise ensures multiple perspectives in decision-making, reducing the risk of centralization. Btrust also encourages community feedback and maintains open channels for developers to report concerns. This structure is designed to maintain trust with donors, developers, and the broader Bitcoin community.