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Onramp

Onramp

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Bitcoin asset management platform

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Project Overview

Onramp is a bitcoin asset management platform that offers multi-institutional custody solutions for individuals and institutions seeking secure and efficient bitcoin ownership. With a powerhouse advisory team and a commitment to bitcoin education, Onramp is dedicated to helping clients navigate the complexities of bitcoin ownership while maximizing security and minimizing counterparty risk. Onramp was designed from the ground up for HNWI, Family Offices, Investment Funds, Corporations, and Institutions that want best-in-class custody without any tradeoffs.

CeFi Asset Management（CeFi）

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Onramp completes $12.5 million Series A funding round, led by Early Riders<odatory-translate-split><p>Odaily reports that Onramp has announced the completion of a $12.5 million Series A funding round at a pre-money valuation of $135 million. The round was

Onramp 宣布完成 1250 万美元 A 轮融资，投前估值达 1.35 亿美元，Early Riders 领投，其私有客户及外部天使投资人等参投。该项目主要业务是为比特币大额持有者提供多机构托管平台，通过 BitGo、Coincover 和 Tetra Trust 等合作伙伴，确保资产需经多个机构批准方可转移。(axios)

Loss of approximately $130 million: Coldcard firmware vulnerability leads to the theft of around 2,000 BTC

Odaily News: Part of hardware wallet manufacturer Coldcard's firmware had a random number generation vulnerability in 2021, causing some mnemonic phrases generated by the devices to carry predictable risks. The vulnerability was only discovered years later, and by then approximately 5,200 addresses and around 2,000 BTC had been stolen, with losses totaling about $130 million. Following the incident, some investors turned to Wall Street custody products. U.S. spot Bitcoin ETFs saw net inflows of approximately $626 million within days of the event. ETF analyst Eric Balchunas noted that security incidents like this could further drive capital flows into ETFs. The Bitcoin core community continues to uphold the principle of self-custody. Casa co-founder Jameson Lopp said recent events should not weaken user confidence in self-custody, as third-party custody carries risks as well. Early Bitcoin Core developer Peter Todd stated that self-custody has a better long-term security track record than centralized institutions. Michael Tanguma, co-founder of Bitcoin custody platform Onramp, said both approaches have flaws: concentrating large amounts of assets in a single institution creates a "honey pot," while hardware wallets face risks related to supply chains, firmware, and random number generation. Michael Tanguma proposed a "multi-institution custody" approach, in which multiple regulated institutions each hold keys through a multi-signature mechanism, and any transaction requires joint signing by multiple institutions to reduce the risk of single points of failure. Critics argue that while multi-institution custody improves security, it also introduces permissioned management, which conflicts with the decentralized ideals Bitcoin originally pursued. As Bitcoin enters pension funds, trusts, and institutional asset allocation, the industry is seeking custody solutions suitable for long-term wealth management. How to strike a balance among security, decentralization, and usability remains a challenge facing the Bitcoin ecosystem.

Loss of approximately $130 million: Coldcard firmware vulnerability leads to the theft of around 2,000 BTC

Odaily News: Part of hardware wallet manufacturer Coldcard's firmware had a random number generation vulnerability in 2021, causing some mnemonic phrases generated by the devices to carry predictable risks. The vulnerability was only discovered years later, and by then approximately 5,200 addresses and around 2,000 BTC had been stolen, with losses totaling about $130 million. Following the incident, some investors turned to Wall Street custody products. U.S. spot Bitcoin ETFs saw net inflows of approximately $626 million within days of the event. ETF analyst Eric Balchunas noted that security incidents like this could further drive capital flows into ETFs. The Bitcoin core community continues to uphold the principle of self-custody. Casa co-founder Jameson Lopp said recent events should not weaken user confidence in self-custody, as third-party custody carries risks as well. Early Bitcoin Core developer Peter Todd stated that self-custody has a better long-term security track record than centralized institutions. Michael Tanguma, co-founder of Bitcoin custody platform Onramp, said both approaches have flaws: concentrating large amounts of assets in a single institution creates a "honey pot," while hardware wallets face risks related to supply chains, firmware, and random number generation. Michael Tanguma proposed a "multi-institution custody" approach, in which multiple regulated institutions each hold keys through a multi-signature mechanism, and any transaction requires joint signing by multiple institutions to reduce the risk of single points of failure. Critics argue that while multi-institution custody improves security, it also introduces permissioned management, which conflicts with the decentralized ideals Bitcoin originally pursued. As Bitcoin enters pension funds, trusts, and institutional asset allocation, the industry is seeking custody solutions suitable for long-term wealth management. How to strike a balance among security, decentralization, and usability remains a challenge facing the Bitcoin ecosystem.

Loss of approximately $130 million: Coldcard firmware vulnerability leads to the theft of around 2,000 BTC

Odaily News: Part of hardware wallet manufacturer Coldcard's firmware had a random number generation vulnerability in 2021, causing some mnemonic phrases generated by the devices to carry predictable risks. The vulnerability was only discovered years later, and by then approximately 5,200 addresses and around 2,000 BTC had been stolen, with losses totaling about $130 million. Following the incident, some investors turned to Wall Street custody products. U.S. spot Bitcoin ETFs saw net inflows of approximately $626 million within days of the event. ETF analyst Eric Balchunas noted that security incidents like this could further drive capital flows into ETFs. The Bitcoin core community continues to uphold the principle of self-custody. Casa co-founder Jameson Lopp said recent events should not weaken user confidence in self-custody, as third-party custody carries risks as well. Early Bitcoin Core developer Peter Todd stated that self-custody has a better long-term security track record than centralized institutions. Michael Tanguma, co-founder of Bitcoin custody platform Onramp, said both approaches have flaws: concentrating large amounts of assets in a single institution creates a "honey pot," while hardware wallets face risks related to supply chains, firmware, and random number generation. Michael Tanguma proposed a "multi-institution custody" approach, in which multiple regulated institutions each hold keys through a multi-signature mechanism, and any transaction requires joint signing by multiple institutions to reduce the risk of single points of failure. Critics argue that while multi-institution custody improves security, it also introduces permissioned management, which conflicts with the decentralized ideals Bitcoin originally pursued. As Bitcoin enters pension funds, trusts, and institutional asset allocation, the industry is seeking custody solutions suitable for long-term wealth management. How to strike a balance among security, decentralization, and usability remains a challenge facing the Bitcoin ecosystem.

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Loss of approximately $130 million: Coldcard firmware vulnerability leads to the theft of around 2,000 BTC

Odaily News: Part of hardware wallet manufacturer Coldcard's firmware had a random number generation vulnerability in 2021, causing some mnemonic phrases generated by the devices to carry predictable risks. The vulnerability was only discovered years later, and by then approximately 5,200 addresses and around 2,000 BTC had been stolen, with losses totaling about $130 million. Following the incident, some investors turned to Wall Street custody products. U.S. spot Bitcoin ETFs saw net inflows of approximately $626 million within days of the event. ETF analyst Eric Balchunas noted that security incidents like this could further drive capital flows into ETFs. The Bitcoin core community continues to uphold the principle of self-custody. Casa co-founder Jameson Lopp said recent events should not weaken user confidence in self-custody, as third-party custody carries risks as well. Early Bitcoin Core developer Peter Todd stated that self-custody has a better long-term security track record than centralized institutions. Michael Tanguma, co-founder of Bitcoin custody platform Onramp, said both approaches have flaws: concentrating large amounts of assets in a single institution creates a "honey pot," while hardware wallets face risks related to supply chains, firmware, and random number generation. Michael Tanguma proposed a "multi-institution custody" approach, in which multiple regulated institutions each hold keys through a multi-signature mechanism, and any transaction requires joint signing by multiple institutions to reduce the risk of single points of failure. Critics argue that while multi-institution custody improves security, it also introduces permissioned management, which conflicts with the decentralized ideals Bitcoin originally pursued. As Bitcoin enters pension funds, trusts, and institutional asset allocation, the industry is seeking custody solutions suitable for long-term wealth management. How to strike a balance among security, decentralization, and usability remains a challenge facing the Bitcoin ecosystem.

Onramp completes $12.5 million Series A funding round, led by Early Riders<odatory-translate-split><p>Odaily reports that Onramp has announced the completion of a $12.5 million Series A funding round at a pre-money valuation of $135 million. The round was

Onramp 宣布完成 1250 万美元 A 轮融资，投前估值达 1.35 亿美元，Early Riders 领投，其私有客户及外部天使投资人等参投。该项目主要业务是为比特币大额持有者提供多机构托管平台，通过 BitGo、Coincover 和 Tetra Trust 等合作伙伴，确保资产需经多个机构批准方可转移。(axios)