Torram
Bitcoin-native programmable layer and decentralized oracle network
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About Torram
Torram is Bitcoin-native middleware that supplies oracles, indexers and a programmable asset standard for institutional applications. Its oracle network writes off-chain market data and data from other chains onto Bitcoin L1, the indexer turns raw Ordinals, Runes and BRC-20 activity into structured query endpoints, the Torram Virtual Machine carries smart contract logic, and decentralised relayers handle finality and data availability. The TSB standard is used to issue programmable tokenised assets on Bitcoin.
In May 2026 the core protocol was open-sourced, allowing developers to fork and run their own networks. Applications building on it include Cardano-based prediction market Bodega Market, Bitcoin scaling project Sundial, options platform Atticus and stablecoin protocol Bound USD. It targets bitcoin treasuries, family offices and issuers that need data and settlement rails on Bitcoin.
Torram made its core protocol open-source in May 2026, releasing the full codebase including Torram Core Chain, Chain Explorer, TSB (Bitcoin token standard with ERC-3643 compatibility), SDK, and USDCx Bridge. This marks a strategic shift from a company-led model to community-driven development. Concurrently, Torram launched the '1M Token Challenge' with two phases: a 30-day testnet challenge (July 1-30, 2026) rewarding the first 10 dApps with 200,000 Torram tokens each, and a 90-day challenge (Aug 1-Oct 31, 2026) giving the top 3 dApps by usage 1 million tokens each. The roadmap emphasizes scaling Bitcoin-native DeFi, enhancing the oracle network, and expanding institutional-grade RWA tokenization. Future priorities include mainnet launch, deeper Bitcoin L1 composability, and fostering a developer ecosystem around the open-source stack.
Vakeesan Mahalingam (Co-founder & CEO): Former institutional trader with 16+ years across TradFi, Web3, and Applied AI. Founded Torram after leading Argo Labs and serving as Head at Argo Blockchain. Raised $945K from Draper Associates and BoostVC. Also runs CFRI and MartinLoop.
Lee Raj (Co-founder & CTO): Blockchain engineer and protocol architect with extensive experience building core infrastructure across leading Web3 companies. Focuses on Bitcoin-native middleware and decentralized oracle systems.