New updates have been reported about OnRamp.
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Onramp has closed a $12.5 million Series A round at a $135 million valuation to accelerate its bitcoin‑centric financial platform and expand its Multi‑Institution Custody (MIC) infrastructure. With more than $1 billion in assets under custody and no reported security incidents since launch, the company plans to channel the new capital into scaling Onramp Finance, broadening bank and institutional partnerships, and licensing its MIC model to regulated custodians globally.
The firm positions MIC as an institutional‑grade alternative to single‑custodian or self‑custody risk by distributing key control across independent regulated entities while preserving on‑chain verifiability. Onramp Finance now offers MIC‑secured bitcoin, low‑cost brokerage across all U.S. states, cash accounts with Onramp‑funded rewards, a spending card, bitcoin IRAs, and direct access to gold, targeting individuals, RIAs, corporate treasuries, and institutional balance sheets. Strategic priorities include deepening RIA and financial institution white‑label programs, onboarding more custodians into the MIC network, and leveraging advisor David Thayer’s traditional‑finance expertise as Onramp seeks to make MIC the default custody standard for large‑scale bitcoin adoption.