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About Torram
Torram is a decentralized oracle and indexer network built specifically for Bitcoin. It provides real-time, verifiable data feeds and on-chain indexing services, enabling Bitcoin-based DeFi and institutional applications. Its core offerings include a Decentralized Oracle Network (DON) for tamper-proof data, on-chain indexers for efficient blockchain querying, and a Virtual Machine for smart contract execution. Torram addresses the gap in Bitcoin's ecosystem where sophisticated DeFi tools are lacking due to technical limitations. It also offers Verifiable Random Function (VRF) and decentralized APIs to support gaming and prediction markets. As of mid-2026, Torram has open-sourced its entire core protocol, making its codebase publicly available on GitHub. The project has progressed through testnet phases, with the latest milestone being the open-source transition completed in May 2026. No significant negative events have been reported in the past two years.
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.