Torram has announced the successful closure of its $710,000 pre-seed funding round, emphasizing its focus on developing institutional-grade DeFi infrastructure on Bitcoin.
Building Institutional DeFi on Bitcoin
Torram aims to create a reliable and secure infrastructure that enables financial institutions to leverage Bitcoin as a settlement layer. Key components include a decentralized oracle network for secure data feeds, a decentralized indexer network to help developers access blockchain data, and decentralized APIs for integrating traditional and decentralized financial systems.
Ecosystem Traction and Market Opportunity
Torram reports significant interest in its technology, with over 40 projects awaiting integration. This highlights the growing need for reliable infrastructure as Bitcoin's role in global finance expands. Bitcoin's market cap surpassed $2 trillion in December 2024.
About Torram
Torram is focused on building Bitcoin-native technology for institutional-grade DeFi and real-world asset tokenization. This infrastructure will enable financial institutions and developers to create applications powering the future of finance.
Torram's plans to develop Bitcoin-based DeFi infrastructure are attracting significant attention and investment, underscoring the growing importance of such solutions for institutional-grade applications.
