Bitcoin News: Torram Secures $710,000 Pre-Seed Funding to Build Institutional-Grade DeFi on Bitcoin

Torram, a Web2.5 infrastructure company, has successfully closed a $710,000 pre-seed funding round in early December 2024. The funding round saw participation from notable investors including Draper Associates, Blockchain Founders Fund, Boost VC, Side Door Ventures, Deep Ventures, MH Ventures, Silvermine Capital, and Trive Digital. Torram is focused on developing institutional-grade decentralized finance (DeFi) infrastructure on Bitcoin, aiming to bridge the gap between traditional finance and decentralized ecosystems. This funding marks a significant step towards enabling more robust and scalable DeFi solutions on the Bitcoin network, potentially unlocking new opportunities for institutional investors and users alike.

Torram’s Pre-Seed Closure Paves the Way for Institutional-Grade DeFi on Bitcoin

Torram, a Web2.5 infrastructure company, has successfully closed a $710,000 pre-seed funding round in early December 2024. The funding round saw participation from notable investors including Draper Associates, Blockchain Founders Fund, Boost VC, Side Door Ventures, Deep Ventures, MH Ventures, Silvermine Capital, and Trive Digital. Torram is focused on developing institutional-grade decentralized finance (DeFi) infrastructure directly on Bitcoin, aiming to create seamless and reliable systems that meet institutional needs. This initiative is expected to significantly impact the financial ecosystem by enabling innovation and redefining the trillion-dollar market.

Spot Bitcoin ETFs Could Start in Thailand

Thailand is poised to become the next Asian country to approve spot Bitcoin ETFs, following the U.S. and Hong Kong. The Thai SEC is actively working to introduce Bitcoin ETFs to local markets, aiming to enhance cryptocurrency regulations and provide new investment opportunities for Bitcoin. This move is seen as a progressive step in the region's financial markets.

Thailand’s Progressive Stance on Bitcoin ETFs

SEC chief Pornanong Budsaratragoon recently made significant remarks about cryptocurrency regulations, indicating a shift in the regulatory landscape that could favor the introduction of spot Bitcoin ETFs in Thailand. This development builds on previous crypto initiatives by the country, including its early steps into Bitcoin investment in June.

Coinbase Launches Bitcoin Loans for US Users

Coinbase has officially launched Bitcoin loans for US users, marking a significant development for the digital asset industry in the country. This feature, reintroduced through a partnership with centralized finance lender Morpho, allows American customers outside of New York to access BTC loans directly from the cryptocurrency exchange. The service is expected to expand in the coming years.

Coinbase Brings Back Bitcoin Loans for US Customers Through New Partnerships

Coinbase has reintroduced Bitcoin loans for US customers through new partnerships, signaling potential changes for the US cryptocurrency market. The service, available to all American customers except those in New York, is part of a collaboration with Morpho. Expansion of the offering is anticipated in the future.