Torram, a Toronto, Canada-based provider of an infrastructure for DeFi and asset tokenization natively on Bitcoin, received a strategic funding from Blockchain Founders Fund.
The amount of the deal was not disclosed.
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. The company empowers financial institutions to leverage Bitcoin through its decentralized oracle network, on-chain data indexing, and institutional-grade solutions.
FinSMEs
04/12/2024