Curated News
By: NewsRamp Editorial Staff
November 14, 2024
Torram Secures Strategic Investment from Draper Associates for Bitcoin DeFi Infrastructure
TLDR
- Torram's strategic investment from Draper Associates positions them to capture the rapidly expanding institutional DeFi market on Bitcoin.
- Torram's technology stack includes decentralized oracle network, on-chain data indexing, proprietary security framework, and cross-chain infrastructure.
- Torram's institutional-grade infrastructure enables banks and financial institutions to tap into Bitcoin's security and market cap through compliant DeFi solutions, making traditional finance more accessible.
- Tim Draper's belief in Bitcoin and the gravitational pull towards it, along with Torram's institutional-grade infrastructure, validate Bitcoin DeFi revolution.
Impact - Why it Matters
The investment from Draper Associates and participation from leading Bitcoin investors signal a pivotal moment for Torram as it positions itself to lead the Bitcoin DeFi revolution. With institutional demand for Bitcoin-native DeFi solutions on the rise, Torram's institutional-grade infrastructure has the potential to reshape the DeFi market and provide banks, asset managers, and financial institutions with compliant DeFi solutions. The company's technology stack, including an institutional-grade decentralized oracle network and advanced on-chain data indexing, is set to revolutionize the industry.
Summary
Torram, pioneering institutional-grade decentralized finance (DeFi) infrastructure on Bitcoin, announced a strategic investment from Draper Associates, the venture firm led by legendary crypto investor Tim Draper. Torram is now 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.
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. 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, and 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.
Source Statement
This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, Torram Secures Strategic Investment from Draper Associates for Bitcoin DeFi Infrastructure