{"id":8063,"date":"2025-01-16T15:17:46","date_gmt":"2025-01-16T15:17:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=8063"},"modified":"2025-01-16T15:17:46","modified_gmt":"2025-01-16T15:17:46","slug":"torrams-pre-seed-closure-paves-the-way-for-institutional-grade-defi-on-bitcoin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=8063","title":{"rendered":"Torram\u2019s Pre-Seed Closure Paves the Way for Institutional-Grade DeFi on Bitcoin"},"content":{"rendered":"<div>\n<p><strong>[PRESS RELEASE \u2013 Toronto, Canada, January 16th, 2025]<\/strong><\/p>\n<p><a href=\"https:\/\/torram.xyz\/\" target=\"_blank\" rel=\"nofollow noopener\" data-wpel-link=\"external\">Torram<\/a>, a Web2.5 infrastructure company, has announced the successful closure 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 on Bitcoin, positioning itself as a key enabler of innovation in the evolving financial ecosystem.<\/p>\n<p>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 Trive Digital.<\/p>\n<blockquote>\n<p>\u201cThis oversubscribed round is a testament to the growing demand for infrastructure that meets institutional needs,\u201d said <a href=\"https:\/\/www.linkedin.com\/in\/vakeesanm\/\" target=\"_blank\" rel=\"nofollow noopener\" data-wpel-link=\"external\"><strong>Vakeesan Mahalingam<\/strong><\/a><strong>, CFA, CEO of Torram<\/strong>. \u201cWe\u2019re building what others haven\u2019t dared to\u2014seamless, reliable systems on Bitcoin that will redefine the trillion-dollar financial landscape.\u201d<\/p>\n<\/blockquote>\n<p><strong>Building Institutional DeFi on Bitcoin<\/strong><\/p>\n<p>Every day, billions of dollars move between institutions on invisible financial infrastructure. Torram\u2019s mission is to replicate that seamless reliability within DeFi. By developing advanced enablement technology, Torram empowers companies to build robust Bitcoin-native applications while enabling institutions to leverage Bitcoin as a secure settlement layer for financial transactions.<\/p>\n<blockquote>\n<p>\u201cOur goal is simple,\u201d explains Mahalingam. \u201cWe\u2019re building infrastructure that powers institutional DeFi\u2014utilizing Bitcoin\u2019s security, DeFi\u2019s innovation, and bank-grade reliability.\u201d<\/p>\n<\/blockquote>\n<p>Torram\u2019s Bitcoin-native toolkit will include:<\/p>\n<ul>\n<li><strong>Decentralized Oracle Network:<\/strong> Real-time, secure data feeds for institutional use, enabling high-stakes operations. Imagine financial data stored on Bitcoin blockchain using Bitcoin as a settlement layer for fixed income transactions.<\/li>\n<li><strong>Decentralized Indexer Network:<\/strong>\u00a0Comprehensive indexing for Bitcoin\u2019s ecosystem, empowering developers to query blockchain data and build applications. Similar to a search engine for data stored on Bitcoin; organized and easily accessible. With Torram\u2019s indexers, developers can easily find the data they need.<\/li>\n<li><strong>Decentralized APIs:<\/strong> Standardized tools for seamless data integration, bridging traditional finance (TradFi) with decentralized networks.<\/li>\n<\/ul>\n<p><strong>Ecosystem Traction and Market Opportunity<\/strong><\/p>\n<p>Torram reports strong interest in its technology, with over 40 projects awaiting integration. This underscores the rising demand for reliable infrastructure as Bitcoin continues to expand its role in global finance.<\/p>\n<p>Bitcoin\u2019s market cap surpassed $2 trillion in December 2024, reflecting its growing significance. As institutional interest in blockchain technology reaches new heights, the need for scalable solutions tailored to financial institutions has never been greater.<\/p>\n<blockquote>\n<p>\u201cTorram\u2019s technology bridges the gap between Bitcoin\u2019s potential and institutional requirements,\u201d Mahalingam said. \u201cWe\u2019re in the pick-and-shovel business of building on Bitcoin. By 2027, tapping to pay with Bitcoin-native stablecoins will feel as effortless as sending an email\u2014and our infrastructure will make it possible.\u201d<\/p>\n<\/blockquote>\n<p><strong>About Torram<\/strong><\/p>\n<p>Torram is a Web2.5 infrastructure company dedicated to building Bitcoin-native technology that powers institutional-grade decentralized finance (DeFi) and real-world asset tokenization directly on Bitcoin\u2019s base layer. This critical infrastructure on Bitcoin will enable financial institutions and developers to create robust applications that will power the future of finance.<\/p>\n<p>X(Twitter): <a href=\"https:\/\/x.com\/torram_xyz\" target=\"_blank\" rel=\"nofollow noopener\" data-wpel-link=\"external\">@torram_xyz<\/a><\/p>\n<p>Website: <a href=\"http:\/\/torram.xyz\/\" target=\"_blank\" rel=\"nofollow noopener\" data-wpel-link=\"external\">torram.xyz<\/a><\/p>\n<p><strong>Disclaimer:<\/strong><\/p>\n<p>This press release contains forward-looking statements. Actual results may differ materially due to various factors. This is not an offer to sell or a solicitation to buy any securities. The information does not constitute legal, financial, or investment advice. Readers should conduct their own research and consult with professional advisors before making any investment decisions or entering into any agreements. Torram does not guarantee any specific outcomes or returns on investment. Torram and its investors are not responsible for any actions taken based on this communication. To see our full disclaimer statement, <a href=\"https:\/\/docsend.com\/view\/j8fyb2hvh4845mna\" target=\"_blank\" rel=\"nofollow noopener\" data-wpel-link=\"external\">visit here<\/a>.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/torrams-pre-seed-closure-paves-the-way-for-institutional-grade-defi-on-bitcoin\/\" rel=\"nofollow\">Torram\u2019s Pre-Seed Closure Paves the Way for Institutional-Grade DeFi on Bitcoin<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>[PRESS RELEASE \u2013 Toronto, Canada, January 16th, 2025] Torram, a Web2.5 infrastructure company, has announced the successful closure 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 on Bitcoin, positioning itself as a key enabler of innovation in the evolving financial ecosystem. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-8063","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8063"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/8063\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}