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Exclusive: Onramp raises $12.5M for bitcoin custody platform

From Axios

By

May 14, 2026

Exclusive: Onramp raises $12.5M for bitcoin custody platform

Exclusive: Onramp raises $12.5M for bitcoin custody platform
Onramp, which helps large bitcoin holders secure assets across multiple custodians, raised $12.5 million at a $135 million valuation pre-money, CEO Michael Tanguma tells Axios Pro exclusively. Some bitcoin holders want to own the asset without relying on a single custodian or having to manage their own private keys. Onramp's Multi-Institution Custody model distributes key control across independent regulated entities while preserving on-chain verifiability.

View original article on axios.com

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