Torram, a pioneer of institutional-grade decentralized finance (DeFi) infrastructure on Bitcoin, today announced a strategic investment from Draper Associates, the venture capital firm led by legendary crypto investor Tim Draper. Selected from over 200 applicants for the highly exclusive BitcoinFi Accelerator, Torram is now better positioned to capture the rapidly expanding institutional DeFi market as Bitcoin emerges as the leading blockchain for traditional finance.
The investment, led by Draper Associates with participation from Boost VC and Thesis, comes as institutional demand for Bitcoin-native DeFi solutions increases, with the DeFi market expected to reach $50 billion by 2025. Quality Infrastructure Torram Institutionalization enables banks, asset managers, and financial institutions to leverage the security of Bitcoin and its $880 billion market capitalization through compliant DeFi solutions.
“We believe in Bitcoin and there is now a gravitational pull towards Bitcoin,” said Tim Draper, founder of Draper Associates. “This is a critical time in global history and we are excited about these applications that are built on the most important blockchain.”
Torram became a top performer in Bitcoin Startup Labs’ pre-accelerator program and has now won one of only eight spots in the inaugural BitcoinFi Accelerator cohort. The exclusive 6-week program, backed by leading Bitcoin investors, provides $150,000 in seed funding along with technical resources and strategic partnerships essential to scaling native Bitcoin applications.
“Having support from visionaries like Tim Draper and Adam Draper validates our approach to connecting traditional finance (TradFi) with the powerful capabilities of Bitcoin,” said Vakeesan Mahalingam, CEO of Torram. “Their strategic advice and deep network in the TradFi and crypto space will be instrumental in the deployment of our institutional DeFi infrastructure.”
Torram’s technology stack includes:
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An institutional-grade decentralized Oracle network
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Advanced on-chain data indexing for real-time analytics
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Proprietary security framework meeting institutional compliance requirements
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Cross-chain infrastructure enabling seamless integration with existing systems
The company will launch its testnet in the first quarter of 2025, with leading banks and asset managers already engaged in pilot programs. Early access to the testnet is in high demand and is limited to qualified institutions and partners.
For early investment opportunities or to learn more about how Torram is positioning itself to lead the Bitcoin DeFi revolution, visit torram.xyz.
Beginner investors include:
Draper Associates
Blockchain Founders Fund
Boost venture capital
Side Door Companies
Deep companies
Silver mining capital
MH Ventures
Bitcoin Startup Lab
About Torram
Torram is building the core infrastructure that enables institutional-grade DeFi and tokenization of real-world assets natively on Bitcoin. Torram enables financial institutions to leverage Bitcoin’s security, transparency, and unmatched $880 billion in global liquidity through its decentralized Oracle network, on-chain data indexing, and institutional-grade solutions.
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Disclaimer:
This press release contains forward-looking statements, including statements regarding Torram’s plans, objectives and future business operations. These forward-looking statements are based on the Company’s current expectations, beliefs and projections and are subject to inherent risks and uncertainties. Actual results may differ materially from those expressed or implied in these statements due to various factors, including market conditions, regulatory changes, technological challenges and competition.
The information contained in this release is not intended to 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 return on investment.
Torram undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. All trademarks and registered trademarks are the property of their respective owners.
