Torram Raises $710,000 Pre-Seed Funding to Build Institutional DeFi Infrastructure on Bitcoin

Toronto, Canada, January 16th, 2025, Chainwire

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.

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.

“This oversubscribed round is a testament to the growing demand for infrastructure that meets institutional needs,” said Vakeesan Mahalingam, CFA, CEO of Torram. “We’re building what others haven’t dared to—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 on invisible financial infrastructure. Torram’s 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.

“Our goal is simple,” explains Mahalingam. “We’re building infrastructure that powers institutional DeFi—utilizing Bitcoin’s security, DeFi’s innovation, and bank-grade reliability.”

Torram’s Bitcoin-native toolkit will include:

Bitcoin Pay: A non-custodial Bitcoin payment processing solution that enables seamless integration of Bitcoin payments into any application or website. Developers can integrate Bitcoin Pay in under 10 lines of code.

Bitcoin Stablecoin: A fully-Bitcoin-native stablecoin protocol that allows users to mint and redeem stablecoins in a decentralized manner. The protocol is designed to be capital-efficient and legally compliant.

Bitcoin Name Service: A decentralized naming service that provides human-readable names for Bitcoin addresses and other decentralized identifiers on the Bitcoin network. Bitcoin Name Service aims to simplify the user experience and enhance the usability of Bitcoin.

Bitcoin Multisig: A multi-signature wallet protocol that enables advanced key management and recovery options for Bitcoin. The protocol is designed to be flexible and customizable, catering to the diverse needs of institutions and individuals.

Bitcoin Atomic Swap: An atomic swap protocol that facilitates trustless and decentralized cross-chain token swaps between Bitcoin and other blockchain networks. The protocol enables efficient and secure interoperability.

Bitcoin Token: A Bitcoin-native token standard that allows developers to easily create and deploy fungible and non-fungible tokens on the Bitcoin network. The standard is designed to be modular and extensible.

Bitcoin NFT: A non-fungible token (NFT) protocol that enables the creation, minting, and trading of unique digital assets on the Bitcoin network. The protocol is designed to be decentralized, capital-efficient, and legally compliant.

Bitcoin Clock: A decentralized time oracle that provides a reliable and verifiable source of timestamp data on the Bitcoin network. The oracle is crucial for applications that require precise and immutable timestamps.

Bitcoin Random: A decentralized randomness oracle that generates unpredictable and verifiable random numbers on the Bitcoin network. The oracle is essential for applications that require secure and unbiased randomness.

Bitcoin Script: A Bitcoin script library that provides advanced and reusable building blocks for creating complex Bitcoin transactions. The library is designed to simplify the development of sophisticated on-chain applications.

Ecosystem Traction and Market Opportunity

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.

Bitcoin’s 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.

“Torram’s technology bridges the gap between Bitcoin’s potential and institutional requirements,” Mahalingam said. “We’re 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—and our infrastructure will make it possible.”

About Torram

Torram is building Web2.5 infrastructure for the next billion users in decentralized finance (DeFi) on Bitcoin. The company is focused on developing advanced enablement technology that empowers companies to build robust Bitcoin-native applications. Torram is also developing a Bitcoin-native stablecoin protocol, naming service, multisig protocol, atomic swap protocol, token standard, NFT protocol, clock oracle, randomness oracle, and script library.

For more information and updates, follow Torram on Medium, Twitter, Telegram, and Discord, and visit the company’s website at torram.com.