Bitcoin custody platform Onramp completes $12.5 million Series A funding, led by Early Riders

According to Axios, the Bitcoin custody platform Onramp has completed a $12.5 million Series A funding round, bringing the company's valuation to $135 million. Early Riders led the round, with participation from its private clients and external angel investors.

Onramp focuses on helping large Bitcoin holders diversify their assets across multiple institutions, allowing users to avoid reliance on a single custodian and not having to manage private keys themselves.