onramp

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.

ChainCatcher news, the Coinbase Developer Platform has launched the fiat deposit application programming interface Onramp API, with its first partner Moonshot officially online. The Onramp API allows for customizable user experiences, quick integration, supports Apple Pay, and guest checkout. Additionally, this feature is currently limited to the United States, and users must have a U.S. phone number and pay in USD.

ChainCatcher news, according to CoinDesk, Bitcoin financial services company Onramp has partnered with lending platform Arch to launch a Bitcoin-backed loan service.This new product allows BTC holders to obtain loans while retaining ownership of their assets, aimed at providing services to investors who wish to gain liquidity without selling their Bitcoin.

ChainCatcher news, according to The Block, the cryptocurrency payment aggregation platform Onramper has announced the launch of its cryptocurrency to fiat currency solution. The service integrates several leading providers, including MoonPay, Alchemy Pay, and Banxa, aiming to help users securely and conveniently convert cryptocurrencies into fiat. Onramper CEO Thijs Maas stated that the new service is based on smart routing technology, which can match users with the optimal exchange provider.It is reported that Offramper will support 46 fiat currencies and over 500 cryptocurrencies, covering 200 countries and offering 39 payment methods, including credit cards, bank accounts, and PayPal.

ChainCatcher news, according to CoinDesk, Bitcoin financial services company Onramp has launched a multi-signature platform, allowing multiple custodians to control the private keys of the Bitcoin they hold. The company has currently selected BitGo, Coincover, and Kingdom Trust as custodians to conduct business.

ChainCatcher news, according to The Information, asset tokenization company Securitize has acquired crypto investment startup Onramp Invest, with the acquisition amount undisclosed. It is reported that Securitize has raised over $120 million from supporters including Blockchain Capital, Coinbase Ventures, and funds managed by Morgan Stanley.According to the crypto data platform RootData, Securitize is a fully digital integrated platform for issuing, managing, and trading digital asset securities; Onramp Invest is a digital, comprehensive crypto asset management solution that helps financial advisors invest in cryptocurrencies.

ChainCatcher news, according to CoinDesk, Bitcoin financial services company Onramp has launched a spot Bitcoin trust for high-net-worth investors, utilizing multi-signature for multi-party custody, where a group of independent custodians each holds one private key. Each unit of the trust will correspond to one Bitcoin, and clients will be able to process physical redemptions, redeeming the underlying asset (Bitcoin) without triggering a taxable event.Currently, U.S. Bitcoin exchange-traded funds (ETFs) are not allowed to hold Bitcoin directly, typically holding Bitcoin futures contracts instead. Other investment funds, such as the Grayscale Bitcoin Trust (GBTC), do hold BTC but do not allow for physical redemptions.Additionally, Onramp has recruited qualified custodians Kingdom Trust and Bitcoin financial services company Unchained Capital to create a 2-of-3 multi-signature model, meaning that two of the three entities need to sign transactions to transfer client funds. The goal is to allow clients to purchase Bitcoin directly without the hassle of self-custody or the risk of trusting a single custodian. (Source link)

ChainCatcher message, cryptocurrency exchange BitMEX announced a partnership with Onramper to support seamless and secure fiat-to-crypto purchases. BitMEX can now support more fiat currencies, payment methods, and cryptocurrencies through Onramper's API.It is reported that Onramper is a fiat-to-crypto gateway aggregator. (source link)