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About Onramp
Onramp is a bitcoin-focused asset management platform offering multi-institution custody, brokerage, IRA, lending, and cash management services. Its core differentiator is Multi-Institution Custody (MIC), a 2-of-3 multisig architecture where three independent regulated entities—BitGo, Coincover, and Tetra Trust—each hold one key. No single party can move funds without client authorization, eliminating single points of failure.
The market pain point Onramp addresses is the dilemma between centralized exchanges (custodial risk) and self-custody (operational burden). MIC provides institutional-grade security while remaining user-friendly. The platform also offers real-time proof of reserves and Lloyd's of London insurance coverage.
In the past six months (Feb–Aug 2026), Onramp launched Onramp Finance in April, a full-service platform providing brokerage across all 50 U.S. states, cash accounts with rewards, a bitcoin rewards card, bitcoin IRAs, and gold access. In June 2026, UK pension fund Cartwright selected Onramp as custodian for its bitcoin allocation, marking a significant institutional validation. The platform also expanded white-label offerings for financial institutions.
No major negative developments were reported during this period.
Onramp made major strides from March to September 2026. In April, it launched Onramp Finance, a unified platform combining bitcoin brokerage, cash accounts, a spending card, Bitcoin IRA, and gold access across all 50 U.S. states. In May, it closed a $12.5M Series A at a $135M valuation led by Early Riders, with over $1B in assets under custody and zero security incidents; funds will scale Onramp Finance and expand bank/institutional partnerships. The company integrated Bridge (Stripe's stablecoin infrastructure) to power cash accounts and card rails, and is in talks with U.S. banks on tokenized deposits. In June, it obtained SOC 2 Type I certification, expanded Multi-Institution Custody (MIC) to additional regulated custodians like Tetra Trust, and appointed former Blackstone partner David Thayer as advisor. Future priorities: making MIC the default custody standard for bitcoin, licensing the infrastructure globally, offering white-label solutions to RIAs and institutions, deepening bank collaboration, and continuing development of Onramp Finance.
Michael Tanguma (Co-founder & CEO): 16+ years in tech/finance; previously Partner at Ten31, VP Growth at Unchained Capital, and roles at Google, WeWork, The Block. Founded Onramp in 2022.
Rich Kerr (President): 33+ years serving RIAs, family offices, HNW/UHNW clients; formerly at Charles Schwab. Joined Onramp in 2024 to lead wealth management.