Onramp Raises $12.5M Series A to Scale Multi-Institution Bitcoin Custody Platform
Onramp raised $12.5M Series A funding at $135M valuation to expand its multi-institution bitcoin custody platform. The Austin firm now secures over $1B in assets using its MIC model, distributing key control across regulated custodians like BitGo and Coincover. Capital funds product development and institutional expansion targeting banks and financial advisors seeking institutional-grade bitcoin services without concentrated counterparty risk.
Key takeaways
- 1Onramp raised $12.5M Series A at $135M valuation, now securing over $1B in bitcoin assets with zero security incidents since 2023.
- 2Multi-Institution Custody (MIC) model distributes key control across BitGo, Coincover, and Tetra Trust to eliminate single points of failure.
- 3Onramp Finance platform launched across all 50 US states offering brokerage, cash accounts, bitcoin IRAs, and payments card services.
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Why it matters
This addresses institutional adoption barriers for Indian investors seeking regulated bitcoin exposure without counterparty concentration risk, while strengthening custody standards that could influence global and potential domestic frameworks for crypto asset management.
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