Draper Associates Backs Torram to Propel Decentralized Finance on Bitcoin
Torram,
pioneering
institutional-grade
decentralized
finance
(DeFi)
infrastructure
on
Bitcoin,
today
announced
a
strategic
investment
from
Draper
Associates,
the
venture
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
surges,
with
the
DeFi
market
set
to
soar
to
$50
billion
by
2025.
Torram’s
institutional-grade
infrastructure
enables
banks,
asset
managers,
and
financial
institutions
to
tap
into
Bitcoin’s
security
and
$880
billion
market
cap
through
compliant
DeFi
solutions.
“We
believe
in
Bitcoin
and
there’s
now
a
gravitational
pull
towards
Bitcoin,”
said
Tim
Draper,
Founder
of
Draper
Associates. “It’s
a
critical
time
in
global
history,
and
we’re
excited
about
these
applications
that
are
being
built
on
the
most
important
blockchain.”
Torram
emerged
as
one
of
the
top
performers
from
Bitcoin
Startup
Labs’
pre-accelerator
program
and
has
now
earned
one
of
only
eight
spots
in
BitcoinFi
Accelerator’s
inaugural
cohort.
The
exclusive
6-week
program,
backed
by
leading
Bitcoin
investors,
provides
$150,000
in
initial
funding
alongside
technical
resources
and
strategic
partnerships
essential
for
scaling
Bitcoin-native
applications.
“Securing
backing
from
visionaries
like
Tim
Draper
and
Adam
Draper
validates
our
approach
to
bridging
traditional
finance
(TradFi)
with
Bitcoin’s
powerful
capabilities,”
said
Vakeesan
Mahalingam,
CEO
of
Torram. “Their
strategic
guidance
and
deep
network
in
both
TradFi
and
crypto
will
be
instrumental
as
we
roll
out
our
institutional
DeFi
infrastructure.”
Torram’s
technology
stack
includes:
-
An
institutional-grade
decentralized
oracle
network -
Advanced
on-chain
data
indexing
for
real-time
analytics -
Proprietary
security
framework
meeting
institutional
compliance
requirements -
Cross-chain
infrastructure
enabling
seamless
integration
with
existing
systems
The
company
will
launch
its
testnet
in
Q1
2025,
with
tier-1
banks
and
leading
asset
managers
already
committed
to
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.
Early-stage
investors
include:
About
Torram
Torram
is
building
the
foundational
infrastructure
that
enables
institutional-grade
DeFi
and
real-world
asset
tokenization
natively
on
Bitcoin.
Torram
empowers
financial
institutions
to
leverage
Bitcoin’s
unmatched
security,
transparency,
and
$880
billion
of
global
liquidity
through
its
decentralized
oracle
network,
on-chain
data
indexing,
and
institutional-grade
solutions.
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
by
these
statements
due
to
various
factors,
including
market
conditions,
regulatory
changes,
technological
challenges,
and
competition.
The
information
in
this
release
is
not
intended
to
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.
Torram
does
not
guarantee
any
specific
outcomes
or
returns
on
investment.
Torram
does
not
undertake
any
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.
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