Torram, a Toronto, Canada-based institutional-grade decentralized finance (DeFi) infrastructure on Bitcoin, received a strategic investment from Draper Associates.
Backers also included Boost VC and Thesis.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Vakeesan Mahalingam, Torram is building the foundational infrastructure that enables institutional-grade DeFi and real-world asset tokenization natively on Bitcoin.
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.
Early-stage investors included:
Draper Associates
Blockchain Founders Fund
Boost VC
Side Door Ventures
Deep Ventures
Silvermine Capital
MH Ventures
Bitcoin Startup Lab
FinSMEs