Austin-Based Onramp Secures Funding to Scale Multi-Institution Bitcoin Custody Platform

Onramp has secured $12.5 million in Series A funding to expand its bitcoin custody platform, which combines brokerage, cash management, and custody services.

The company's Multi-Institution Custody (MIC) model is designed to meet institutional standards by distributing key control across several regulated custodians.

Onramp now holds over $1 billion in assets under custody, with zero security incidents since its founding in 2023.