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Onramp Raises $12.5M Series A to Scale Multi-Institution Bitcoin Custody Platform

From Bitcoin Magazine

By

May 14, 2026

Onramp Raises $12.5M Series A to Scale Multi-Institution Bitcoin Custody Platform

Onramp Raises $12.5M Series A to Scale Multi-Institution Bitcoin Custody Platform
Onramp has raised $12.5 million in a Series A round led by Early Riders, valuing the bitcoin financial services firm at $135 million as it pushes to scale a custody model designed to meet institutional standards. The Austin-based company now holds more than $1 billion in assets under custody and has recorded zero security incidents since its founding in 2023. The new capital will support expansion of Onramp Finance, its recently launched platform that combines bitcoin custody, brokerage, and cash management, while funding new partnerships across banks, registered investment advisors, and fintech firms. At the center of the strategy is Onramp's Multi-Institution Custody (MIC) model, which distributes key control across several regulated custodians rather than relying on a single entity or placing full responsibility on clients.

View original article on bitcoinmagazine.com

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