Toronto, Canada, January 16, 2025, PakGazette
Torram, a Web2.5 infrastructure company, announced the successful closing of its $710,000 pre-seed funding round in early December 2024. The company is focused on developing institutional-grade decentralized finance (DeFi) infrastructure directly in , positioning itself as a key company. facilitator of innovation in the evolving financial ecosystem.
The funding round included participation from notable investors such as Draper Associates, Blockchain Founders Fund, Boost VC, Side Door Ventures, Deep Ventures, MH Ventures, Silvermine Capital and Trive Digital.
“This oversubscribed round is a testament to the growing demand for infrastructure that meets institutional needs,” he said Vakeesan MahalingamCFA, CEO of Torram. “We are building what others have not dared to do: seamless, reliable systems on Bitcoin that will redefine the trillion-dollar financial landscape.”
Building Institutional DeFi on Bitcoin
Every day, billions of dollars move between institutions through invisible financial infrastructure. Torram’s mission is to replicate that perfect reliability within DeFi. By developing advanced enabling technology, Torram enables businesses to build robust Bitcoin-native applications while enabling institutions to leverage Bitcoin as a secure settlement layer for financial transactions.
“Our goal is simple,” explains Mahalingam. “We are building an infrastructure that powers institutional DeFi, using Bitcoin security, DeFi innovation, and bank-grade reliability.”
Torram’s native Bitcoin toolset will include:
- Decentralized Oracle Network (NYSE:): Secure, real-time data sources for institutional use, enabling high-risk operations. Imagine financial data stored on the Bitcoin blockchain using Bitcoin as a settlement layer for fixed income transactions.
- Decentralized indexing network: Comprehensive indexing for the Bitcoin ecosystem, allowing developers to query blockchain data and build applications. Similar to a search engine for data stored in Bitcoin; organized and easy to access. With Torram indexers, developers can easily find the data they need.
- Decentralized APIs: Standardized tools for seamless data integration, uniting traditional finance (TradFi) with decentralized networks.
Ecosystem Traction and Market Chance (SO:)
Torram reports great interest in its technology, with more than 40 integration projects pending. This underlines the growing demand for reliable infrastructure as Bitcoin continues to expand its role in global finance.
Bitcoin’s market capitalization surpassed $2 trillion in December 2024, reflecting its growing importance. As institutional interest in blockchain technology reaches new heights, the need for scalable solutions tailored to financial institutions has never been greater.
“Torram’s technology bridges the gap between Bitcoin’s potential and institutional requirements,” Mahalingam said. “We are in the business of building on Bitcoin. By 2027, paying with native Bitcoin stablecoins will be as simple as sending an email, and our infrastructure will make it possible.”
About Torram
Torram is a Web2.5 infrastructure company dedicated to developing Bitcoin-native technology that powers institutional-grade decentralized finance (DeFi) and tokenization of real-world assets directly into the base layer of Bitcoin. This critical Bitcoin infrastructure will enable financial institutions and developers to build robust applications that will power the future of finance.
X(Twitter): @torram_xyz
Website: torram.xyz
Disclaimer:
This press release contains forward-looking statements. Actual results may differ materially due to various factors. This is neither an offer to sell nor a solicitation to purchase securities. The information does not constitute legal, financial or investment advice. Readers should conduct their own research and consult professional advisors before making investment decisions or entering into agreements. Torram does not guarantee any specific results or return on investment. Torram and its investors are not responsible for any actions taken based on this communication. To view our full disclaimer, please visit here.
ContactCEO and co-founderVakeesan MahalingamTorram Laboratories[email protected]
