Toronto, Canada, January 16, 2025, Chainwire
Torram, a Web2.5 infrastructure company, announced that it successfully closed a $710,000 pre-seed funding round in early December 2024. The company is focused on developing institutional-grade decentralized finance (DeFi) infrastructure directly on Bitcoin, a key enabler of innovation in the evolving financial ecosystem.
The funding round included participation from renowned investors such as Draper Associates, Blockchain Founders Fund, Boost VC, Side Door Ventures, Deep Ventures, MH Ventures, Silvermine Capital, and Trive Digital.
“This oversubscription round is evidence of the growing demand for infrastructure that meets institutional needs,” he said. Bakisan MahalingamCFA, Torram CEO. “We are building what no one else has dared to do: a seamless and stable Bitcoin system 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 seamless stability within DeFi. By developing advanced enabling technologies, Torram helps enterprises build powerful Bitcoin-based applications while enabling institutions to leverage Bitcoin as a secure payment layer for financial transactions.
“Our goal is simple,” explains Mahalingam. “We are building an infrastructure that supports institutional DeFi by leveraging the security of Bitcoin, the innovation of DeFi, and bank-level reliability.”
Torram’s Bitcoin-based toolkit includes:
- Decentralized Oracle Network: Real-time, secure data feeds available to agencies enable high-risk operations. Imagine financial data stored on the Bitcoin blockchain, using Bitcoin as a settlement layer for bond transactions.
- Decentralized Indexer Network: Comprehensive indexing for the Bitcoin ecosystem, enabling developers to query blockchain data and build applications. It is similar to a search engine for data stored in Bitcoin. Organized and easily accessible. Torram’s indexer makes it easy for developers to find the data they need.
- Decentralized API: Connects traditional finance (TradFi) and decentralized networks with standardized tools for seamless data integration.
Ecosystem Traction and Market Opportunity
Torram reports strong interest in the technology, with more than 40 projects awaiting integration. This highlights the growing need for reliable infrastructure as Bitcoin continues to expand its role in global finance.
Bitcoin’s market capitalization exceeded $2 trillion in December 2024, reflecting its growing importance. As institutional interest in blockchain technology reaches new levels, 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 doing a pickaxe business based on Bitcoin. “By 2027, paying with Bitcoin-based stablecoins will feel as easy as sending an email, and our infrastructure will make this possible.”
Introduction to Toram
Torram is a Web2.5 infrastructure company dedicated to building Bitcoin-based technologies that support institutional-level decentralized finance (DeFi) and real-world asset tokenization directly on Bitcoin’s base layer. This critical infrastructure in Bitcoin allows financial institutions and developers to create powerful applications that will drive the future of finance.
X (Twitter): @torram_xyz
Website: torram.xyz
disclaimer:
This press release contains forward-looking statements. Actual results may vary materially due to various factors. This is not an offer to sell or a solicitation of an offer to buy any securities. The information does not constitute legal, financial or investment advice. Readers should conduct their own research and consult professional advisors before making any investment decision or entering into any contract. Torram does not guarantee any specific results or return on your investment. Torram and its investors will not be liable for any actions taken based on this communication. To view our full disclaimer, please visit here.
contact
CEO and Co-Founder
Bakisan Mahalingam
Toram Lab
marketing@torram.xyz
Torram’s Pre-Seed Closure Paves the Way for Institutional-Grade DeFi on Bitcoin