The Good Tech Companies - Torram’s Pre-Seed Closure Paves The Way For Institutional-Grade DeFi on Bitcoin

Episode Date: January 16, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/torrams-pre-seed-closure-paves-the-way-for-institutional-grade-defi-on-bitcoin. The funding round included participation from prominent investors such as Draper Associates, Blockchain Founders Fund, Boost VC, Side Door Ventures, Deep Ventur Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #torram, #chainwire, #press-release, #torram-announcement, #bitcoin, #blockchain-development, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. 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. Torram reports strong interest in its technology, with over 40 projects awaiting integration.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Torum's pre-seed closure paves the way for institutional-grade DeFi on Bitcoin.by Chainwire. Toronto, Canada, January 16, 2025, Chainwire, asterisk Torum a Web 2.5 infrastructure company, has announced the successful closure of its $710,000 pre-seed funding round in early December 2024. The company is focused in developing institutional-grade decentralized finance 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 Tribe Digital. This oversubscribed round is a testament to the growing demand for infrastructure that meets institutional needs, said Vikesan Mahalingam, CFA, CEO of Torum. 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. Torum's mission is to replicate that seamless reliability within DeFi. By developing advanced enablement technology, Torum empowers companies to build robust Bitcoin-native applications while enabling

institutions to leverage Bitcoin as a secure settlement layer for financial transactions. Greater than. Our goal is simple, explains Mahalingam. We're building infrastructure that greater than powers institutional DeFi, utilizing Bitcoin's security, defies innovation, and greater than bank-grade reliability. Torum's Bitcoin native toolkit will include. Decentralized Oracle Network. Real-time, secure data feeds for institutional use, enabling high-stakes operations. Decentralized Indexer Network. Comprehensive indexing for Bitcoin's 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 Torum's indexers, developers can easily find the data they need. Decentralized APIs. Standardized tools for seamless data integration, bridging traditional finance, trad-fi, with decentralized networks. Ecosystem traction and market OP Portunity Torum 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. Greater than, Torum's technology bridges the gap between Bitcoin's potential and greater than institutional requirements, Mahalingam said. We're in the pick-and-shovel greater-than business of building on Bitcoin. By 2027, tapping to pay with Bitcoin native greater-than-stablecoins will feel as effortless as sending an email. And our infrastructure greater-than will make it possible. About Torum Torum is a Web 2.5 infrastructure company dedicated to building

Bitcoin native technology that powers institutional-grade decentralized finance, DeFi, and real-world asset tokenization directly on Bitcoin's base layer. This critical infrastructure on Bitcoin will enable financial institutions and developers to create robust applications that will power the future of finance. X. Twitter. At Torum underscore XYZ website. Torum. XYZ DIS CLAIMER. 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. Torum does not guarantee any specific outcomes or returns on investment. Torum and its investors are not responsible for any actions taken based on this communication. To see our full disclaimer statement, visit here. Contact CEO and Co-Founder Vikesan Mahalingam Torum Labs Marketing at

torum.zi. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. And thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.