Passport Founder’s Edition is Sold Out! Preorder Batch 2 Today.

In Summer of 2020, we introduced our design for a next-generation Bitcoin hardware wallet that uses a camera and QR codes to facilitate airgapped transactions. We aimed to build a device that was beautiful, intuitive, and secure – while also being open source and assembled in the USA. We called it Passport.

We began shipping our first batch of 1000 devices, Passport Founder’s Edition, in May. We are thrilled to announce that our first batch is officially sold out! 

Feedback on Passport has been overwhelmingly positive. In our recent customer survey, we received scores of comments lauding Passport’s ease of use, design, build quality, and commitment to the FOSS (free and open source software) movement.

Our users have also been spreading the good word on Twitter.

Once you use a Passport, there is no going back. Take it from the esteemed Bitcoin Q+A, who after getting his hands on a Passport and writing a fantastic getting started guide, decided to join the Foundation team in a full time role! 

Passport Batch 2

We are now preparing for Passport Batch 2, which is estimated to ship in February 2022. Batch 2 will consist of 2500 devices. All long-lead time components, such as the processor and secure element, have already been procured. 

The Foundation team is made up of perfectionists. So rather than continuing to ship the exact same product, we’ve made numerous improvements to the electromechanical design and manufacturing process, while keeping the security architecture and general form factor unchanged. We’ll detail these improvements over the next couple of months.

This has allowed us to substantially reduce Passport’s cost. So we are launching preorders with a special price of $199, a full $100 price drop!

As of today, you can preorder Passport Batch 2 on our website. Preorders are completely refundable, even if paid in Bitcoin. 

EASIER BITCOIN PREORDERS

If you preorder in Bitcoin but change your mind, we’ll refund your entire purchase amount denominated in Bitcoin.

Likewise, if you pay in Bitcoin but the price appreciates between the day you order and the day we ship, we’ll refund your Bitcoin gains before shipping. This way you won’t have to make the difficult choice between paying in Bitcoin to preserve your privacy or losing out on potential Bitcoin gains between now and February! 

Founder’s Edition Customers

To our Founder’s Edition customers – we massively appreciate your support and faith in us. Passport Batch 2 won’t ship for 3 months, but we still understand that a $100 price drop is significant. Therefore we’ll be emailing you in the next few days a 21% discount off a Passport Batch 2 unit, in case you want to buy a new Passport for yourself or for a family member.

Additionally, though Passport Batch 2 will introduce numerous improvements, Passport Founder’s Edition will continue to receive regular firmware updates! We’re excited to keep improving your Passport experience as time goes by.

Questions? Contact us at hello@foundationdevices.com, DM us on Twitter, or join our Telegram group.

PREORDER PASSPORT

Preorder Passport Batch 2 today at a special price, limited to 2500 units!

$199.00Add to cart

Announcing Our Seed Raise

Foundation Devices is thrilled to announce that we’ve raised a seed round of $2.5M led by Bolt.

Joining us are new investors Third Prime, Massachusetts Avenue Capital, Unpopular Ventures, Deep Ventures – as well as existing investors Warburg Serres, Fulgur Ventures, Inflection, and notable angels.

Bolt, a prominent early-stage venture fund, invests at the intersection of the physical and digital worlds. They were first round investors in groundbreaking hardware companies like Desktop Metal, Tonal, Nautilus Bio, and Fi.

Tyler Mincey, a partner at Bolt, is joining our board. Tyler has a highly relevant background in product management, design, and hardware/software engineering in companies large and small. At Apple, Tyler was a member of the original iPhone core team, later managed the iPod new product roadmap, and shipped over 150M units worldwide. We are thrilled to work closely with Tyler on developing new products and honing our design & manufacturing capabilities. 

Foundation is building the open hardware foundation for Bitcoin and a decentralized Internet. We believe that a new Internet, powered by open source software, must run on open hardware. Today’s devices are opaque, proprietary, and restrictive. Our goal is to build a new category of sovereign computing to serve as an open platform for development of a decentralized Internet. 

For Bitcoin and a decentralized Internet to succeed, users must store their own keys and run their own infrastructure. This is where we come in. Foundation believes software solutions alone are insufficient – consumers need integrated hardware and software to make it as easy to store your own keys as it is to open an account on an exchange. 

Last month we began shipping our first product, Passport, a next-gen Bitcoin hardware wallet. Passport is designed to be beautiful, intuitive, ultra-secure, and completely open source. Over the next several months we will improve Passport with firmware updates and design enhancements, as well as introduce companion software to further enhance the user experience.

To date, we’ve built all of Foundation with just four cofounders. We are now excited to be expanding the team in the following areas. If interested, view our Jobs Page and email us at jobs@foundationdevices.com.

  • Software Engineering (web, mobile, embedded, Bitcoin)
  • Mechanical Engineering
  • FPGA & ASIC Engineering
  • Graphic & Industrial Design
  • Operations
  • Customer Support
  • Social Media & Community

Join us in our mission to make Bitcoin and decentralized tech accessible to each and every individual in order to build a new era of sovereignty, ownership, and privacy – and empower humankind.

– Team Foundation

PREORDER PASSPORT

Preorder Passport Batch 2 today at a special price, limited to 2500 units!

$199.00Add to cart

Foundation Devices Launches Preorders for Passport and Raises Pre-Seed Round

In late July, we introduced Passport – a new Bitcoin hardware wallet that is more elegant, ultra-secure, and open source. Today, Foundation Devices is excited to announce that:

  1. Passport is now available to preorder, with a Founder’s Edition limited to 1000 units.
  2. Foundation Devices has raised a pre-seed funding round from notable investors.
About Passport

Foundation Devices is building the open source hardware foundation for Bitcoin and the sovereign Internet, starting with a hardware wallet called Passport. We intend Passport to appeal to a broad audience of Bitcoiners – whether you are an expert user accustomed to hardware wallets or a new user currently storing your coins on an exchange.

Passport provides a radically simplified, zen-like user experience. Foundation Devices is working hard to eliminate the hardware wallet learning curve with a streamlined setup process, intuitive interface, and familiar navigation.

With numerous high-quality multisig software wallets entering the market, it is more important than ever that we have a hardware wallet that is easy to use and welcoming to new users. Passport is our attempt to build the “iPod” of hardware wallets.

Preorder Details

Passport is priced at $299 and includes 2x industrial grade microSD cards, 2x AAA batteries, and free shipping within the USA. Founder’s Edition is limited to 1000 units and includes an exclusive back cover design, special packaging, and a surprise gift.

Our official estimated shipment date for Passport is March 31, 2021 – but we are aiming to deliver Passport in time for the December holidays. Foundation Devices has already placed orders for long-lead time components and will finish ordering all components in the next several days. Due to COVID’s continuous impacts on global supply chains, we have chosen to be more conservative.

Please note that this is not crowdfunding – Foundation Devices already has the funds required to pay for the full production of Founder’s Edition devices. If you change your mind before Passport ships, cancel your order at any time and receive a full refund. If you stack too many sats and overdraw your bank account, we will do our best to refund you same-day! (Yes, this actually happened.)

To ensure your privacy, Foundation Devices self-hosts our website and checkout flow using WordPress and WooCommerce. Payments by credit card occur via Stripe and payments by Bitcoin occur via our self-hosted BTCPay server. We are especially proud of our beautiful BTCPay checkout design; thank you @artdesignbySF for your great work.

Open Source

Passport will be the only hardware wallet on the market – and one of the only consumer hardware devices in existence – that meets the definition of Open Source Hardware according to the Open Source Hardware Association (OSHWA).

Passport’s hardware designs will be open under CERN-OHL-S v2 and firmware under GPLv3. While other hardware wallets have open source firmware, none include hardware designs that are legally considered open source. They (1) omit design files, (2) use inappropriate licenses like GPL or Creative Commons, (3) restrict commercial use, and/or (4) lack detailed component documentation, specifically in the Bill of Materials (“BOM”).

We are a corporate sponsor of OSHWA and will be submitting Passport for official certification. All future hardware that Foundation Devices makes will be open sourced under the appropriate licenses and certified by OSHWA.

We will be publicly posting our hardware and firmware to Github later this Fall, after completing validation of our next round of prototypes.

Assembled in the USA

Foundation Devices believes in the importance of local manufacturing and more robust global supply chains. Most of today’s devices are assembled in China, a communist regime that heavily censors the Internet, surveils its citizens, and seeks to undermine citizens’ privacy and sovereignty. This creates numerous geopolitical and security issues, especially with the rise of Bitcoin. Our devices will soon be safeguarding trillions of dollars of value – it is imperative that we trust our hardware manufacturers.

We therefore chose to assemble Passport locally, in the USA, and purchase all of our components from American companies and distributors. While many components still originate from Asia, the critical parts – such as the screen, processor, secure element, and camera – all originate from highly reputable suppliers. And circuit board assembly, device assembly, provisioning, and testing all take place in the USA. The Foundation Devices team will be on-the-ground at the factory during production.

To our knowledge, Passport is the only hardware wallet assembled in the USA. For advanced users, it may be prudent to add Passport to your multisig setup in order to defend against potential supply chain vulnerabilities.

Progress

We’ve been hard at work over the last five months designing Passport, prototyping, and preparing for production. Here’s an overview of our progress to-date:

Enclosure

We completed the design of the enclosure and are currently prototyping via 3D printing. We have placed orders for long-lead time enclosure components, including the keypad assembly and copper-plated zinc alloy casted part.

Circuit Boards

We completed design of the circuit boards and have completed two prototype revisions. We will be ordering our third revision of prototype boards in the next several days. Novel features include:

  • Camera for scanning QR codes.
  • AAA battery power.
  • Avalanche noise source, an open source true random number generator that uses standard components (no black-box silicon).
  • Sharp Memory LCD, which has circuitry etched directly into glass for easy visual inspection, and unlike most displays includes no black-box silicon.

Firmware

We forked Coldcard’s open source firmware (licensed as GPLv3) and have made numerous changes. We anticipate finishing v1 firmware by end of November. We intend to contribute relevant improvements back to Coldcard. Changes include:

  • A new UI with simple navigation via a navpad and dedicated select buttons.
  • Changes to all copy and radical simplification of menu structure.
  • Ability to scan QR codes and transmit PSBTs via QR codes.
  • Code reorganization to comply with Micropython best practices.
  • Implemented new device drivers for Passport components including camera, screen and keypad.
  • New keypad controller to allow for more advanced input, such as long-presses.
  • Ultra-fast keypad responsiveness.

We ported Blockchain Commons’ UR Standard (for data transmission via multi QR codes) to Python. This can be seen on our Github.

We created a font converter to generate python code from BDF fonts. This can be seen on our Github.

Funding

Foundation Devices recently raised a pre-seed round to fund development and production of Passport. Thank you to our investors for enabling us to build a hardware company that believes in open source, sovereignty, and privacy.

Individuals

  • Balaji Srinivasan
  • Brett Gibson of Initialized Capital
  • James McAvity of Cormint
  • Louis Liu of Mimesis Capital
  • Stephen Cole
  • Thomas Pacchia of HODL Capital
  • Tomer Federman of Federman Capital
  • and more
Next Steps

Learn more about Passport and preorder your Founder’s Edition below, limited to 1000 units!

Read through the FAQs and contact us at hello@foundationdevices.com with any questions.

PREORDER PASSPORT

Preorder Passport Batch 2 today at a special price, limited to 2500 units!

$199.00Add to cart

Introducing Passport: an Elegant and Secure Bitcoin hardware wallet

Bitcoin passing $11k signals a new bull market, with incredibly exciting times ahead for Bitcoiners as we prepare to welcome a new flood of users into the ecosystem. But we must ask ourselves – how will new Bitcoiners store their coins? Will they use Coinbase, who already holds almost 1 million Bitcoin? Or will they embrace sovereignty, privacy, and ownership by self-custodying their own Bitcoin? 

Foundation Devices believes that today’s hardware wallets make the wrong security and design tradeoffs. They’ve worked for us early Bitcoiners so far because we are willing to deal with difficult interfaces, metal seed backups, safety deposit boxes, Shamir’s Secret Sharing, and so much more. But they won’t work for the new wave of incoming Bitcoiners as we reach mass-adoption by the end of this decade.

Bitcoin needs a hardware foundation that is beautifully designed, easy to use, and open source. Most of today’s hardware, including Ledger wallets, are closed source. As Bitcoin’s market cap grows to the trillions, so do the incentives for attackers to compromise closed-source hardware. We must rebuild today’s hardware stack to be open source, auditable, and verifiable – from the chips to the circuit boards to the firmware and beyond.

Foundation is taking our first step on this journey by introducing an elegant, secure, and open source hardware wallet named Passport. We are thrilled to officially announce Passport today, and are accepting reservations for our first edition batch of 1000 units. 

So what makes Passport special? Passport is designed to be elegant; something every Bitcoiner would be proud to carry. We use high quality materials like soft-touch plastic and copper-plated zinc alloy. At 4 inches long x 1.5 inches wide x 0.8 inches thin, Passport is comfortable to hold and use.

Passport’s interface is intuitive and familiar, with a simple navigation pad and physical alphanumeric keypad. There’s no need to learn how to navigate the menus and enter PIN numbers and passphrases – you already know how to use Passport. 

To sign transactions, simply insert a microSD card or scan a QR code. Wallets like Bluewallet already support multi-QR transmission, and Passport is compatible with any software wallet that supports PSBTs over microSD or QR. 

Passport is open source and uses the same high-level security architecture and firmware base as Coldcard, with a Microchip secure element and STM processor. The circuit board designs and firmware will be published on Github in the coming weeks, with hardware licensed under CERN’s Open Hardware License V2 and firmware under GPL3. No unknown code will run on the device.

Completely airgapped, Passport is powered by two AAA batteries and includes no USB port, Bluetooth, or wireless communications of any kind. Passport has numerous security features, such as security lights and an avalanche noise source for entropy. And Passport uses more trustable components, like a screen with circuitry etched directly into glass, which allows for easy inspection at production.

Foundation Devices, headquartered in Boston, is focused on building open hardware for Bitcoin and the sovereign Internet. We will proudly assemble Passport in the USA.

We cannot wait to tell you more about Passport in the coming weeks! Passport will launch for preorders in August and will ship by late December. We have already received over 500 email reservations for our first edition batch. 

Learn more about Passport and reserve yours below!

And feel free to check out the FAQs and contact us at hello@foundationdevices.com with any questions.

PREORDER PASSPORT

Preorder Passport Batch 2 today at a special price, limited to 2500 units!

$199.00Add to cart

Introducing Foundation Devices: a new Bitcoin hardware company

We believe Bitcoin and decentralized technologies will empower the individual, leading to a better world where people control their own data and their own money. This is the dream for our industry; this is the reason why so many of us have chosen to start or join Bitcoin companies. We seek to eliminate the need for trusted third parties – like banks, cloud providers, and even governments – in order to make our systems more efficient and more accessible. And we seek to move power away from central points of failure to the edge; to the people.

As we build our industry from the ground up, we must remember this principle. We must build products and services that enable individual sovereignty.

We are concerned that today’s most mature Bitcoin and decentralized tech companies are the most centralized and opaque. Coinbase provides a custodial exchange. Blockchain.com provides a hosted wallet. Bitmain is a web of secrecy. Our industry’s biggest players provide trusted exchanges, trusted wallets, trusted mining pools, trusted lending services, trusted nodes – and even trusted hardware wallets! (Yes Ledger, we are referring to you.)

Have we forgotten the point of it all? Have we forgotten why we are all here?

So many of the Bitcoin products and services that successfully enable sovereignty – like Electrum, Wasabi, Samourai, Nodl, and Coldcard – are fantastic offerings that lack consumer-oriented UX. While we love and use these products, they will never “cross the chasm” to the land of mass consumer adoption.

We worry that as Bitcoin and decentralized tech reach the next phase of adoption, the vast majority of consumers will become dependent on centralized providers. We will have succeeded at creating a different financial system with different intermediaries. But we will have failed at empowering the individual and building a new Internet.

This is why we started Foundation – to make beautifully designed, open source hardware for Bitcoin and the decentralized Internet. To bring great design and UX to hardware wallets, nodes, and more. To allow mass consumers to securely use and store Bitcoin while maintaining their sovereignty. To help our industry cross the chasm while staying true to our founding ideals.

We call this open hardware. And we are excited to bring it to the world.

Our Mission

Foundation Devices strives to empower humankind – to make Bitcoin and decentralized tech accessible to each and every individual in order to build a new era of sovereignty, ownership, and privacy. Our products are the foundation of a better, sovereign Internet.

Our Values
  • Foundation offers best-in-class security and privacy via openness. No walled gardens; no closed source engineering. We are the antithesis of existing tech companies.
  • Foundation products are beautiful, intuitive, and approachable. Bitcoin and decentralized tech already have a steep learning curve; our products do not.
  • Foundation gives sovereignty to individuals and businesses. We empower you to take ownership and control of your money and your data.
  • Foundation products reflect our optimism about the future. We are building a better Internet based on a better form of money. Our products feel positive, aspirational, and a bit sci-fi.
Next Steps

This summer, Foundation will launch a new Bitcoin hardware wallet that provides the same security model as Coldcard while offering a beautiful, intuitive hardware and UI design. From day one our hardware wallet will be compatible with popular desktop and mobile applications. We will open source all circuit schematics, design files, and firmware – and we will assemble exclusively in the USA.

Over the next several weeks Foundation will release blog posts discussing the importance of open source hardware, diving into hardware challenges faced by our industry, and providing more details about our upcoming hardware wallet.

PREORDER PASSPORT

Preorder Passport Batch 2 today at a special price, limited to 2500 units!

$199.00Add to cart

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