Bitcoin custody platform Onramp has raised a Sequence A at a $135 million valuation, led by Early Riders, with participation from strategic angel traders.
The corporate custodies greater than $1 billion in consumer belongings and has recorded zero safety incidents since founding.
The custody downside
For years, bitcoin holders confronted a binary alternative: settle for the single-custodian threat of an alternate, or shoulder the total operational burden of self-custody.
Onramp’s reply is Multi-Establishment Custody — a 2-of-3 multisig quorum with keys distributed throughout Onramp, BitGo, and Coincover, giving shoppers full on-chain verifiability with out managing keys themselves.
Onramp Finance
Onramp launched Onramp Finance in April 2026 to construct a full monetary life round bitcoin custody.
The platform gives bitcoin brokerage in all 50 states, a money account with as much as 5% in Onramp-funded rewards powered by Stripe’s Bridge infrastructure, a spending card with as much as 1.5% money again, a Bitcoin IRA, and direct gold entry — all in a single account.
The corporate can also be in energetic discussions with a number of US banks about tokenized deposit infrastructure and participation within the Multi-Establishment Custody mannequin.
The place the capital goes
The $12.5 million spherical funds two priorities:
Engineering and product, together with continued buildout of Onramp Finance and growth of the Multi-Establishment Custody community to further regulated custodians globally; and gross sales, advertising and marketing, and partnerships to convey white-label deployments to RIAs, fintechs, and conventional monetary establishments.
Onramp additionally introduced that David Thayer, former Companion at Blackstone, has joined as a strategic advisor.
Thayer acknowledged:
“The less complicated strategy is at all times higher: maintain bitcoin, and maintain it tight and proper. Onramp constructed the structure that makes this strategy accessible to severe capital at any scale.”
Early Riders Companion Liam Nelson added:
“Onramp’s Multi-Establishment Custody mannequin is probably the most credible reply we’ve seen, and the clearest path to a category-defining enterprise.”