Onramp Raises $12.5M Series A to Scale Multi-Institution Bitcoin Custody Platform
Bitcoin Magazine
Onramp secured $12.5 million in Series A funding to expand its institutional-grade Multi-Institution Custody platform and broader bitcoin financial services.Summary
Onramp has raised $12.5 million in a Series A round led by Early Riders, reaching a valuation of $135 million. The Austin-based company, which manages over $1 billion in assets, uses a Multi-Institution Custody (MIC) model to distribute key control across multiple regulated custodians, mitigating single points of failure. The new capital will support the growth of Onramp Finance and the development of white-label services for banks and investment firms as the company aims to provide a comprehensive bitcoin financial stack.
(Source：Bitcoin Magazine)