Torram takes top prize in two Hackernoon Startup of the Year categories, winning Startup of the Year, Toronto and top Trending Developer Tools of the Year for its breakthrough Bitcoin-native middleware.
Torram wins Start Up Of The Year Award for its complete middleware stack for institutions, fueling Bitcoin DeFi’s projected $100B+ growth by 2026.
"We’re not just scaling Bitcoin; we’re rewriting what’s possible on it."— Vakeesan Mahalingam, CFA
TORONTO, ONTARIO, CANADA, May 1, 2025 /
EINPresswire.com/ -- Torram, a Web3 innovator pioneering Bitcoin-native middleware at a time when decentralized finance on Bitcoin is projected to grow to $100B+ by 2026, has been recognized as HackerNoon's 2024 Startup of the Year – Toronto.
The win, which garnered nearly 11 thousand votes between 1,000+ startups, underscores Torram’s mission to unlock Bitcoin’s next trillion-dollar opportunity — by building a complete middleware stack for institutional use cases and applications natively on the Bitcoin network.
“Bitcoin has always been the gold standard for security — but lacked primitive middleware infrastructure to make it more useful than just a store of value, Torram changes that by enabling greater utility of the Bitcoin network,” said
Vakeesan Mahalingam, CFA, Co-Founder & CEO. “We’re not just scaling Bitcoin; we’re rewriting what’s possible on it by laying the groundwork for institutional-grade finance, real-world asset tokenization, stablecoins, and wider institutional adoption — natively on Bitcoin."
For more than a decade, Bitcoin has been trusted as a secure store of value, yet its potential as programmable infrastructure remained untapped. Torram is addressing that gap with infrastructure purpose-built for compliant, institutional-grade finance natively on Bitcoin.
Torram is anchored by three core components:
- Decentralized Oracle Network – delivering tamper-proof financial data natively on Bitcoin
- Decentralized Indexer Network – providing blockchain data queries for institutional use cases for querying and settlement
- Smart Contracts & Programmability – Phase 2 of Torram’s Alpha Testnet introduces smart contracts and will enable seamless development and integration of financial applications
Unlike Layer 2 platforms or bridge-dependent networks, Torram’s approach ensures that every transaction is recorded directly on Bitcoin’s base layer — providing maximum transparency, auditability, and finality.
Now live on public testnet, Torram has gained strong early traction with 25+ top node validators and 50+ decentralized applications and LOI partnerships in the pipeline for integration.
Primary institutional use cases include:
- Real-World Asset Tokenization — On-chain issuance of financial instruments such as U.S. treasuries, private equity, structured credit, and commodities (coming soon).
- Bitcoin-Native Stablecoins — native proof of reserves with oracle-based peg management, settled directly on Bitcoin.
- Native Collateralized Lending and Yield Bearing Products — From rapid collateral verification and BTC-backed options to trustless lending and automated insurance protocols.
- Decentralized Market Data Infrastructure — Oracles and indexers purpose-built to support risk-managed financial products.
To get involved with Bitcoin's first native middleware for institutional use cases – Torram is inviting institutions, developers, and ecosystem partners to:
Follow us on X for the latest updates
Book a strategy call with our team
About Torram
Torram is the first Bitcoin-native middleware platform designed to power institutional finance. By integrating decentralized oracles, indexers, and smart contracts natively on Bitcoin, Torram enables programmable financial products — without sidechains, custodians, or compromises.
Vakeesan Mahalingam
Torram Labs Inc.
email us here
Visit us on social media:
LinkedIn
Twitter