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Torram Closes $710,000 Pre-Seed Funding Round to Develop DeFi Infrastructure on Bitcoin

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by A1

7 hours ago

Torram successfully closed a $710,000 pre-seed funding round in early December 2024 to develop institutional-grade DeFi infrastructure on Bitcoin.

Institutional DeFi Infrastructure on Bitcoin

Torram aims to create reliable infrastructure in the decentralized finance field on Bitcoin, enabling companies to develop applications that use Bitcoin as a secure layer for financial transactions.

This oversubscribed round is a testament to the growing demand for infrastructure that meets institutional needs.Vakeesan Mahalingam, CFA, CEO of Torram

Torram's Technological Solutions

Torram's toolkit includes:

- **Decentralized Oracle Network:** Provides real-time institutional operations. - **Decentralized Indexer Network:** Organizes blockchain data and eases its querying for application development. - **Decentralized APIs:** Integrates traditional finance with decentralized networks.

Our goal is simple. We’re building infrastructure that powers institutional DeFi utilizing Bitcoin's security and DeFi's innovation.Vakeesan Mahalingam

Market Opportunities and Product Interest

Over 40 projects are awaiting integration with Torram's technologies, highlighting the growing demand for reliable infrastructure as Bitcoin plays an increasing role in global finance.

Torram’s technology bridges the gap between Bitcoin's potential and institutional requirements.Vakeesan Mahalingam

Torram plays a crucial role in developing institutional DeFi infrastructure on Bitcoin, offering innovative solutions and fostering blockchain integration into the traditional financial system.

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