Onramp completes $12.5 million Series A funding round, led by Early Riders

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, led by Early Riders, with participation from its private clients and external angel investors.

The project's primary business is to provide a multi-institutional custody platform for large Bitcoin holders. Through partners such as BitGo, Coincover, and Tetra Trust, it ensures that assets require approval from multiple institutions before they can be transferred. (axios)