Onramp Completes $12.5 Million Series A Funding, Led by Early Riders

Odaily reported 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 primarily provides a multi-institutional custody platform for large Bitcoin holders, leveraging partners such as BitGo, Coincover, and Tetra Trust to ensure that assets can only be transferred with approval from multiple institutions. (axios)