Onramp2026-07-02 20:00:14Onramp Raises $12.5M Series A, Multi-Institution Bitcoin Custody Model Gains Institutional TrustBitcoin financial services firm Onramp has completed a $12.5 million Series A funding round led by Early Riders, valuing the company at $135 million. With over $1 billion in assets under custody and zero security incidents since its 2023 founding, Onramp is scaling its Multi-Institution Custody (MIC) model, which distributes key control across regulated custodians like BitGo, Coincover, and Tetra Trust. The model addresses the trade-off between centralized exchange risk and self-custody complexity. Institutional traction includes UK pension fund Cartwright selecting Onramp as custodian and endorsement from the Bitcoin Policy Institute for state-level bitcoin reserves. Onramp Finance, launched in April, offers brokerage, cash accounts, retirement accounts, and gold access in one platform. The funding will support product development, licensing of custody infrastructure, white-label offerings, and deeper engagement with traditional finance. Former Blackstone partner David Thayer joins as strategic advisor.470
Onramp2026-07-02 19:45:14Onramp Raises $12.5M Series A to Scale Multi-Institution Bitcoin Custody PlatformOnramp, a bitcoin financial services firm based in Austin, has raised $12.5 million in a Series A round led by Early Riders, valuing the company at $135 million. Its Multi-Institution Custody (MIC) model distributes key control across regulated custodians like BitGo, Coincover, and Tetra Trust, eliminating single points of failure while maintaining on-chain verifiability. With over $1 billion in assets under custody and zero security incidents since 2023, institutional adoption is growing, including UK pension fund Cartwright and the Bitcoin Policy Institute. The funds will fuel the expansion of Onramp Finance (brokerage, IRA, cash accounts, payments) and white-label services for traditional financial institutions. Former Blackstone partner David Thayer joins as strategic advisor.470
