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

Onramp has raised $12.5 million in a Series A round to scale its multi-institution bitcoin custody platform, which holds over $1 billion in assets under custody and has recorded zero security incidents. The company aims to build a full financial stack around bitcoin, including lending and retirement accounts. Onramp's Multi-Institution Custody model distributes key control across several regulated custodians.