Pre-incorporation Torram shutdown paves the way for institutional-grade DeFi on Bitcoin – Blockchain News, Opinion, TV & Jobs

Toronto, Canada, January 16, 2025, Chainwire

SwellingThe infrastructure company, Web2.5, announced the successful closing of its $710,000 seed funding round in early December 2024. The company is focused on developing institutional-grade decentralized finance (DeFi) infrastructure directly on Bitcoin, positioning itself as a major innovation enabler in the ecosystem. Advanced financial.

The funding round included participation from prominent investors such as Draper Associates, Blockchain Founders Fund, Boost VC, Side Door Ventures, Deep Ventures, MH Ventures, Silvermine Capital, and Triv Digital.

“This oversubscribed round is a testament to the growing demand for infrastructure that meets institutional needs,” he said. Vakisan MahalingamCFA, CEO of Torram. “We are building what others have never 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 organizations on invisible financial infrastructure. Torram’s mission is to replicate that seamless reliability within DeFi. By developing advanced enabling technology, Torram enables companies to build powerful Bitcoin-based applications while enabling enterprises to leverage Bitcoin as a secure settlement layer for financial transactions.

“Our goal is simple,” explains Mahalingam. “We are building infrastructure that supports institutional DeFi — using Bitcoin security, DeFi innovation, and bank-grade reliability.”

Torram’s Bitcoin Native Toolkit will include:

• Decentralized Oracle Network: Secure, real-time data feeds for enterprise use, enabling high-risk operations. Imagine financial data stored on the Bitcoin blockchain using Bitcoin as a settlement layer for fixed income transactions.
• Decentralized Indexer Network: Comprehensive indexing of the Bitcoin ecosystem, enabling developers to query blockchain data and build applications. It is similar to a search engine for data stored on Bitcoin; Organized and easily accessible. Using Torram indexers, developers can easily find the data they need.
• Decentralized APIs: Unified tools for seamless data integration, connecting traditional finance (TradFi) to decentralized networks.

Traction ecosystem and market opportunities

Torram reports strong interest in its technology, with more than 40 projects awaiting integration. This underscores the growing demand 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 heights, the need for scalable solutions designed specifically for financial institutions is greater than ever.

“Torram’s technology bridges the gap between potential Bitcoin requirements and institutional requirements,” Mahalingam said. “We’re in the business of building on Bitcoin. By 2027, tapping to pay using Bitcoin’s native stablecoins will be as easy as sending an email – and our infrastructure will make that possible.

About Thuram

Torram is a Web2.5 infrastructure company dedicated to building the original Bitcoin technology that powers institutional-grade decentralized finance (DeFi) and real-world asset tokenization directly on the Bitcoin base layer. This critical Bitcoin infrastructure will enable financial institutions and developers to create powerful applications that will power the future of finance.

X (Twitter): @torram_xyz

Website: toram.xyz

Disclaimer:

This press release contains forward-looking statements. Actual results may vary materially due to various factors. This is neither an offer to sell nor a solicitation 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 decisions or entering into any agreements. Torram does not guarantee any specific results or returns on investment. Torram and its investors are not responsible for any actions taken based on this message. To view the full disclaimer, Visit here.

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CEO and Co-Founder
Vakisan Mahalingam
Thuram Laboratories
[email protected]