# Onramp has raised $12.5 million in a Series A round led by Early Riders.

*fintech · news · 2026-05-14 · Bitcoin Magazine*

## Key points

- Onramp raised $12.5 million Series A led by Early Riders, reaching a $135 million valuation.
- Onramp’s Multi-Institution Custody model distributes key control across several regulated custodians, reducing single-point failure risk.
- Onramp now holds over $1 billion in assets under custody with zero security incidents since 2023.
- UK pension fund Cartwright selected Onramp as custodian for its bitcoin allocation, signaling institutional adoption.
- Onramp plans to license its custody infrastructure to other regulated custodians and expand white-label offerings.

**Companies:** Onramp, BitGo, Coincover, Tetra Trust
**Countries:** USA, UK

[Read the full story on Bitcoin Magazine](https://bitcoinmagazine.com/news/onramp-raises-12-5m-series-a)

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